Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Bitcoin to Reach $1.5M by 2035: Economist Timothy Peterson predicts Bitcoin will hit $1.5 million by 2035, driven by network growth rather than traditional financial models.

2. 📈Technical Analysis Masterclass - Worldcoin (WLD) is showing strong potential as an investment, particularly for traders relying on technical analysis. Watch UseTheBitcoin’s latest Youtube video “This Chart Pattern Says Worldcoin Is Ready to Soar (WLD)” to see a concise breakdown or join our Official Telegram Channel for more alpha!

3. US Dominates Bitcoin Holdings: US entities now hold 65% more Bitcoin than offshore players, fueled by institutional demand and Bitcoin ETFs.

4. 💡Feature of the Day - Dogecoin Sentiment Hits Yearly Low: Dogecoin's social sentiment has dropped significantly, potentially signaling a buying opportunity.

   
   All this and more in today’s headlines!

📰 News Highlights:

Bitcoin to Hit $1.5M by 2035 [Source][Source][Source][Source]

Bitcoin is set to reach $1.5 million per coin within the next decade, according to Timothy Peterson, a prominent network economist and Bitcoin bull.

Known for his influential paper “Metcalfe’s Law as a Model for Bitcoin’s Value,” Peterson believes network growth will drive Bitcoin’s long-term value.

In a Jan. 8 post on X, he shared his bold prediction, emphasizing that BTC/USD could trade 15 times higher by 2035.

While some analysts warn of potential price corrections, others align with Peterson’s optimism.

 📈Technical Analysis Masterclass:

This Chart Pattern Says Worldcoin Is Ready to Soar (WLD)

Key Technical Indicators

• 200-Day Moving Average (200MA):

  • WLD's price sits above the 200MA, a critical support level that reinforces bullish sentiment.

  • If the 200MA holds, it increases the likelihood of upward momentum.

• Fair Value Gaps (FVGs):

  • Previous price movements reveal FVGs that act as "magnets" for future price action.

  • The $3.00–$3.30 range aligns with these gaps, making it a strategic zone for profit-taking.

Trading Strategy

1. Entry Point:

   • Buy a small amount of WLD at its current price to position early for a potential breakout.

2. Risk Management:

   • Set a stop-loss just below the 200MA to protect against downside risk.

3. Take-Profit Levels:

   • Use Fibonacci retracement to set profit targets at $3.00 and $3.30.

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US Entities Holds More Bitcoin Over Offshore Players [Source][Source]

US-based entities now hold 65% more Bitcoin than their offshore counterparts, CryptoQuant data revealed.

This dominance has surged over recent months, driven by institutional interest and the launch of US-listed Bitcoin ETFs.

As of Jan. 9, the ratio of US to offshore Bitcoin reserves stands at 1.65, up from 1.24 in September 2024.

High-profile US firms, including MicroStrategy, continue to expand their holdings, signaling strong domestic demand. The company recently added 1,070 BTC, raising its total to 447,470 BTC, worth $28 billion.

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💡 Feature of the Day: 

Dogecoin Opportunity [Source][Source][Source]

Dogecoin’s social media chatter has hit a yearly low, potentially signaling a buying opportunity, according to crypto analysis firm Santiment.

In a Jan. 9 report, Santiment gave Dogecoin a bearish crowd sentiment score of 1 out of 5, far below the ratings for other cryptos like XRP and Solana.

Dogecoin is currently trading at $0.34, down 15.3% over the past month.

Some traders predict a strong performance for Dogecoin in 2025, with price targets between $3 and $5 based on technical indicators.

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And that’s it for this today.

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See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com