Bitcoin (BTC) continues to face massive selling pressure, with prices dropping below the $85,000 mark, marking a 12% decline since last Friday. The recent downturn has fueled panic selling and heightened fear, leading many investors to speculate about the potential start of a bear market. As uncertainty grips the market, traders remain cautious about Bitcoin’s next major move. Related Reading: Cardano Bulls Eye $10 Target – Analyst Reveals Key Levels To Break However, despite the ongoing sell-off, key on-chain data from CryptoQuant suggests that Bitcoin could be setting up for a recovery rally. The Cumulative Value Days Destroyed (CVDD) indicator, a metric that tracks long-term holder behavior and capital inflows, suggests that BTC could soon enter a new uptrend. If Bitcoin stabilizes and reclaims key support levels, it could pave the way for a rally toward a new all-time high of $128,000. With Bitcoin at a critical inflection point, the next few trading sessions will be crucial in determining whether BTC can regain momentum or if further downside is ahead. Investors are now closely watching whether selling pressure continues or if long-term holders step in to accumulate, signaling a potential market rebound. Bitcoin Insights Give Hope To Bulls Bitcoin is at a critical juncture, facing a serious risk of continued correction as bearish sentiment grips the market. Many analysts now believe that the Bitcoin bull cycle may be over, as BTC struggles below $85,000 while barely holding above $80,000. With selling pressure intensifying, investors are expecting another leg down, potentially pushing BTC into lower demand zones. Despite the negative outlook, some analysts argue that a recovery is still possible if Bitcoin can reclaim key levels. Top analyst Ali Martinez shared insights on X, stating that if BTC reclaims $84,000 as support, it could open the path toward a rally to a new all-time high of $128,000. This suggests that while the market remains fragile, there is still potential for Bitcoin to regain strength if bulls step in at critical price points. The coming weeks will be crucial in determining the strength or weakness of this cycle. If BTC continues to struggle below key resistance levels, a deeper correction could follow, reinforcing bearish sentiment. However, if bulls manage to push BTC back above $84K, it would indicate a shift in momentum, potentially reigniting the uptrend. Related Reading: Ethereum Breaks Out Of Descending Triangle Pattern – Fakeout Or Recovery Rally? With uncertainty dominating the market, traders are closely watching BTC’s next move, as its ability to hold or reclaim support levels will determine whether this cycle is truly over or if another rally is still on the horizon. BTC Struggling Below $85K Bitcoin has faced massive selling pressure, with the most significant drop occurring on Sunday, when the price plunged from $86,000 to $80,000, marking a 7% decline in just hours. This sharp downturn has fueled panic selling as investors remain uncertain about Bitcoin’s short-term direction. For bulls to regain control, BTC must reclaim the $86,000 level and push above $90,000 to confirm a potential recovery rally. A strong move past these key resistance levels could restore confidence in the market, signaling that Bitcoin’s correction phase might be nearing its end. However, failure to break above $86K could keep Bitcoin under bearish control, increasing the risk of another leg down. If BTC drops below $80,000, it could test the $78,000 low, a level that, if breached, may lead to further downside pressure. Related Reading: 330,000 Ethereum Withdrawn From Exchanges In 72 Hours – Supply Squeeze Incoming? With Bitcoin at a critical turning point, the next few trading sessions will determine whether bulls can reclaim key levels or if bears will continue to dominate the market, pushing BTC into deeper correction territory. Featured image from Dall-E, chart from TradingView
As Bitcoin (BTC) attempts to reclaim the $90,000 mark, some market watchers have warned investors about Friday’s potential market volatility. Various analysts suggest that the flagship’s crypto performance could “go either direction” depending on the White House crypto summit’s outcome. Related Reading: Stellar (XLM) Price Setting Up For Rally To $1.60 – Here Are The Levels To Watch Bitcoin Price To See Volatile Friday Over the past two days, the crypto market has recovered from this week’s lows ahead of the US crypto summit. Last Friday, news that US President Donald Trump would host the first-ever White House crypto summit filled investors and industry participants with bullish expectations. Scheduled for March 7, several high-profile figures will attend the event, including Strategy’s Michael Saylor, Coinbase CEO Brian Armstrong, and Robinhood CEO Vladimir Tenev. Since Tuesday, Bitcoin’s price has surged around 9% from the $81,500 support to surpass the $90,000 barrier, but some market watchers have warned investors about the expected volatility for Friday’s crypto summit. Analyst Altcoin Sherpa noted that Bitcoin “doesn’t have much clarity on higher timeframes” despite retesting its post-November breakout range and holding the 200-day Exponential Moving Average (EMA). Sherpa suggested holding the $89,000 support is key for BTC’s price as the crypto summit’s volatility leaves “all options on the table.” He added that the crypto market will likely “whipsaw in both directions” this Friday. Meanwhile, trader Daan Crypto Trades pointed out that Bitcoin’s current levels are worth watching over the next few days, as it “is still struggling to hold on to the range, but bears have also failed a further breakdown after the initial rejection.” Nonetheless, he considers that the crypto summit is a “very promising sign for the next 4 years,” regardless of the outcome: It’s something we couldn’t have dreamt of the past few years. With the industry being attacked on a regular basis. Let’s hope the focus will be on the right things and that the administration is choosing the right way to do things. BTC Recovery Targets Surge To $140,000 Analyst Crypto Jelle affirmed that “things are developing well, but it all hinges on the crypto event on Friday.” He noted that an underwhelming event could trigger another sell-off, as there aren’t other potential bullish catalysts on the horizon. Jelle also advised investors “Don’t get too excited until we get some more clarity.” However, he highlighted a Potential Power of 3 (PO3) forming on BTC’s chart, targeting $140,000 “once range lows are successfully reclaimed.” This pattern divides the price cycle into three distinctive phases. In the first phase, accumulation, the price consolidates near the recent high following strong price action. The second phase, manipulation, consists of a token’s price falling below the previous phase’s support level and trading within a range below this zone. The third phase, distributions, sees a strong price breakout, building momentum and driving participants to enter the market. Related Reading: Ethereum Price ‘Between Heaven And Hell’: $2,000 Level Retest Key For ETH’s Next Move According to the post, Bitcoin is “pushing for the reclaim” of the post-November breakout’s lower range. Holding through the $90,000-$92,000 zone “would trigger the power of three set up” third phase, which would see BTC’s price expand to new highs. After today’s rejection from the $90,000 range, the analyst signaled that Bitcoin could form a higher low around $87,500 before retesting the range lows again. At the time of writing, BTC trades at $88,372, a 1.3% drop in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Bitcoin has been showing signs of recovery after a sharp decline that pushed its price below $80,000 last week. The cryptocurrency briefly surged to $92,756 in the early hours of today before retracing to $90,279, marking a 0.7% increase in the past 24 hours. While price action remains volatile, market sentiment indicators are signaling a crucial phase for Bitcoin’s trajectory, according to CryptoQuant analyst Woominkyu. Related Reading: Bitcoin’s Next Stop: $75,500? Analyst Reveals Historical ‘Magnet’ Level Bitcoin’s Market Cycle: Entering the Optimism Stage In a recent analysis titled “FOMO is Not Here Yet”, Woominkyu highlights Bitcoin’s Fear & Greed Index, which tracks overall investor sentiment. The index, based on a 30-day moving average (SMA 30), maps Bitcoin’s market cycles to different psychological stages observed in past rallies. This indicator has historically helped identify when Bitcoin is in the early stages of a bull run—or when excessive optimism may lead to corrections. According to Woominkyu, Bitcoin has now entered the “Optimism Stage”, a phase historically associated with the early stages of a strong rally. In past cycles, when Bitcoin reached this level, the market often gained upward momentum, leading to further price increases. However, the analyst warns that if the index continues rising toward the Euphoria Stage, it could indicate excessive market optimism, which has often preceded steep corrections. The key observation from Woominkyu’s analysis is that, despite Bitcoin’s recovery, FOMO (fear of missing out) has not yet fully set in among investors. This suggests that while sentiment is improving, Bitcoin is not yet in a speculative bubble. The coming weeks will be critical in determining whether the market follows past patterns—moving higher from the Optimism Stage—or if external factors push Bitcoin into a correction. Whale Activity In The Market While sentiment indicators provide insights into market psychology, whale activity is another key factor influencing Bitcoin’s price movement. A separate analysis by maartunn, another CryptoQuant contributor, has revealed that whale deposits to Binance have reached a three-month high, with over $7.3 billion worth of Bitcoin sent to the exchange in the past 30 days. These movements suggest that large-scale investors are actively positioning themselves, which could lead to increased volatility in the market. Historically, significant whale activity has coincided with major price swings, making it an important metric to monitor. Whale to Binance Flow Hits 3-Month High at $7.3B Over Last 30 Days “This often happens alongside heavy changes in price and shows that large holders choose Binance as their exchange. Watching whale deposits is important, as their moves can drive the market.” – By @JA_Maartun pic.twitter.com/psD3zuDXf3 — CryptoQuant.com (@cryptoquant_com) March 6, 2025 Featured image created with DALL-E, Chart from TradingView
Bitcoin is currently trading at $90,800 after a strong 13% rebound from the $81,000 level, as bulls attempt to regain control of price action. After days of volatility and uncertainty, Bitcoin’s recovery has renewed optimism in the market, but traders remain cautious as BTC faces key resistance levels. Related Reading: 2.23 Million Chainlink Moved To Exchanges In Two Weeks – Selling Pressure Incoming? All eyes are now on Friday’s President Trump Crypto Summit, where he is expected to announce a definitive plan for the U.S. Strategic Crypto Reserve. This event could have a major impact on Bitcoin’s trajectory, as regulatory clarity and institutional involvement could drive renewed investor interest. Top analyst Ali Martinez shared a technical analysis on X, highlighting a crucial resistance level at $97,000. According to his analysis, if Bitcoin reclaims $97K, it could gain momentum for a massive rally toward $150,000. This level is a key breakout zone, which could trigger a new leg up in the current market cycle. With Bitcoin hovering just below significant resistance, the next few days will be critical in determining whether BTC can push higher or faces another retracement. Traders are closely watching for confirmation of a breakout, with the Crypto Summit set to be a potential catalyst for the next big move. Bitcoin Prepares For A Breakout Bitcoin has faced massive volatility and sharp price swings since last week, keeping traders on edge as it struggles to establish a clear trend direction. After reaching $96,000, BTC plunged over 18% to $78,000, triggering panic selling and widespread liquidations. This sharp drop wiped out overleveraged positions, leading to heightened uncertainty as investors looked for signs of stabilization. Related Reading: Whales Bought 420 Million Cardano After Trump’s U.S. Strategic Crypto Reserve Announcement – Insights Since the crash, Bitcoin has been swinging up and down, failing to confirm a decisive move in either direction. Every attempt at a sustained breakout has met with selling pressure, while dips have been met with demand, leaving BTC stuck in a high-volatility phase. Martinez’s technical analysis on X points out that if Bitcoin reclaims $97,000, it could gain momentum for a move toward $150,000. His analysis is based on the Pi Cycle Top indicator, a historically reliable tool for identifying market cycle peaks and major trend reversals. Bitcoin could prepare for a massive rally if price follows previous cycle behavior, assuming key supply levels are reclaimed. For now, the $97,000 resistance remains a critical barrier. If BTC can flip this level into support, the market could see a rapid bullish expansion. However, failure to reclaim these levels could lead to further consolidation or another leg down before any major trend shift occurs. BTC Trading Above $90K: Can Bulls Hold It? Bitcoin is currently trading at $90,800 after enduring days of massive selling pressure and negative sentiment. Despite recent attempts to regain momentum, BTC has struggled to establish a clear trend, leaving traders cautious about its next move. For Bitcoin to confirm a recovery, it must stay above $90,000 in the coming days. Holding this level would signal renewed strength and could set the stage for a massive breakout. If BTC maintains this position, a push toward higher levels above $95,000 and beyond could follow, bringing the market back into bullish territory. However, if Bitcoin fails to hold $90,000, the situation could quickly turn bearish again. More importantly, losing the $85,000 level would likely trigger renewed selling pressure and even panic selling as traders rush to protect their positions. A breakdown below this key support zone would indicate further downside risks, potentially sending BTC to lower demand levels. Related Reading: 2.23 Million Chainlink Moved To Exchanges In Two Weeks – Selling Pressure Incoming? With market volatility still high, the next few days are critical in determining Bitcoin’s short-term direction. Whether BTC stabilizes above $90K or faces another leg down will shape the market’s momentum in the coming weeks. Featured image from Dall-E, chart from TradingView
Bitcoin’s recent price movements have reflected a mix of optimism and uncertainty for investors. Earlier this week, Bitcoin surged to $94,000 following news of the U.S. crypto strategic reserve, which is set to include BTC, ETH, SOL, ADA, and other major digital assets. However, the asset has since reversed its upward momentum, falling by 10% and bringing its price below $84,000 as of today. This decline has sparked discussions among analysts about the factors influencing Bitcoin’s short-term performance. CryptoQuant analyst Banker has highlighted a significant shift in investor sentiment and market behavior, particularly focusing on open interest changes in derivatives trading and the Crypto Fear & Greed Index. These indicators may provide insight into potential market trends in the coming weeks. Related Reading: Bitcoin Repeats Historic Pattern—Is a Breakout Toward $100K Next? Open Interest Decline and Shifting Market Sentiment One key metric being analyzed is the Open Interest Change (7D), which tracks the total outstanding derivatives contracts. According to Banker, this metric dropped by 14.42% on March 1, signaling a reduction in speculative activity. Such a decline often suggests that traders are unwinding their positions, potentially leading to a market reset. Historically, similar declines have been followed by price stabilization or recovery as speculative excesses are removed from the market. Additionally, the Crypto Fear & Greed Index, a widely used sentiment indicator, has dropped sharply since February 4. The index fell from 72 (extreme greed) to 26 (fear), indicating a shift in market sentiment. A reading above 70 typically suggests an overbought market, while a lower reading signals growing investor caution. This shift may reflect broader uncertainty in the crypto market, possibly influenced by external factors such as regulatory discussions and macroeconomic developments. Banker noted: The recent decline suggests a cooling-off period, which could pave the way for a healthier market environment. However, the sharp drop in sentiment also reflects heightened caution among investors, likely driven by recent market turbulence and fundamental developments, such as news surrounding the U.S. government’s crypto reserves. Bitcoin Market Outlook and Upcoming Events According to Banker, upcoming events could influence Bitcoin’s price trajectory. The analyst mentioned that the Crypto Summit at the White House on March 7 is expected to discuss cryptocurrency regulation and market policies. Related Reading: Bitcoin’s ‘KISS Of Death’? Arthur Hayes Warns Of Recession Before Surge Banker suggest that announcements from the event could lead to short-term volatility, particularly for Bitcoin, Ethereum, and other major assets like ADA, XRP, and SOL. Depending on the regulatory stance taken, the market may react with further price swings or a potential rebound. The CryptoQuant analyst wrote: Depending on the outcomes and announcements, there may be a small window of upside potential. For now, investors should remain cautious but vigilant, as the current dip in open interest and sentiment could offer strategic entry points for those with a longer-term perspective. Featured image created with DALL-E, Chart from TradingView
Bitcoin is trading above $90K after experiencing extreme selling pressure last week, which drove the price as low as $78,100 and broke through key demand levels. However, the market quickly recovered following President Trump’s announcement that he plans to establish a U.S. strategic crypto reserve, including Bitcoin and select altcoins like XRP, SOL, ADA, and ETH. This statement injected confidence back into the market, fueling Bitcoin’s rebound. Related Reading: Dogecoin Will Start A Move To $4 If Current Demand Holds – Can Bulls Step In? Despite this recovery, the road ahead remains uncertain as Bitcoin faces key technical levels that could define the next move. According to top analyst Axel Adler’s data on X, Bitcoin is currently trading at $92K, with support levels resting around the 200-day simple moving average (SMA) at $82,314 and the realized price for short-term holders in the 3-to-6-month range at $79,290. On the resistance side, Bitcoin must break through the realized price for short-term holders in the 1-week-to-1-month range at $97,478 and the 1-month-to-3-month range at $99,395. As Bitcoin continues to stabilize above $90K, analysts believe a breakout above $100K could trigger renewed bullish momentum, while failing to hold above key support levels could result in another wave of selling pressure. The next few days will be critical in determining Bitcoin’s next major move. Bitcoin Price Action Remains Uncertain Bitcoin is about to enter a critical phase as the market shifts from fear to excitement following President Trump’s announcement of a U.S. crypto strategic reserve. The announcement has ignited bullish sentiment across the market, with Bitcoin surging over 12% since the news broke. Just three days ago, Bitcoin was breaking down below key demand levels, and now, speculation is growing about the potential for a massive bull run. Market sentiment flipped from extremely bearish to bullish in a matter of hours, reinforcing the argument that Bitcoin remains in a strong uptrend. Analysts are watching key levels closely to determine if BTC can sustain this momentum. Adler’s insights on X reveal that Bitcoin is currently trading at $92K, with critical support resting around the 200-day simple moving average (SMA) at $82,314 and the realized price for short-term holders in the 3-to-6-month range at $79,290. On the resistance side, Bitcoin must break through the realized price for short-term holders in the 1-week-to-1-month range at $97,478 and the 1-month-to-3-month range at $99,395. Additionally, the short-term holder realized price at $91,096K could act as a local support level. While the price action has improved significantly, some analysts warn that BTC needs to hold above $90K to maintain bullish momentum. The futures market also remains stable, with no significant leverage buildup, reducing the chances of sudden liquidations. Investors are closely monitoring the $97K–$100K range, as breaking above it could trigger an explosive rally. Related Reading: If Ethereum Holds $2,200 Price Could Recover Fast – Analyst Sets Price Target The market is heating up quickly, but the big question remains: Can BTC reclaim $100K this week? With renewed optimism and rising speculation, all eyes are on Bitcoin’s next move. Price Action Details: Holding Key Levels Bitcoin is trading at $91,800, holding above the key $90K mark after experiencing a sharp recovery from last week’s extreme selling pressure. The price struggled below this level for several days, dropping as low as $78K, fueling speculation that Bitcoin could be entering a bear market. However, bulls have regained some control, and Bitcoin has managed to stabilize above this crucial demand zone. This recovery has shifted market sentiment, with many analysts now considering the possibility of a renewed bullish phase. If BTC continues to hold above $90K and pushes toward $95K in the coming days, it could set the stage for an attempt to reclaim the psychological $100K level. Breaking above this milestone would likely confirm a full recovery and signal the continuation of Bitcoin’s long-term uptrend. Related Reading: Whales Add 190,000 Ethereum In The Last 24 Hours – The Accumulation Continues However, losing the $90K level again could spell trouble for bulls. A breakdown below this key support could reignite bearish momentum, potentially sending BTC back toward the $85K or even $80K regions. The next few days will be critical as bulls attempt to solidify their position and push BTC toward a stronger recovery phase. All eyes are now on whether Bitcoin can maintain this level and build momentum for another rally. Featured image from Dall-E, chart from TradingView
This week’s market correction has seen Bitcoin (BTC), the largest cryptocurrency by market capitalization, retest some of its key support levels. As the price starts to recover from the recent lows, some analysts consider the weekend might bring some bullish relief for investors. Related Reading: Ethereum Drop Coming? ETH Risks Fall To $2,180 If This Support Fails – Analyst Bitcoin Recovers From $78,000 Drop Bitcoin has experienced significant selling pressure over the last week, fueling doubts about a potential market top. The flagship crypto has dropped 21% from last week’s high of $99,000, dipping below the $80,000 level for the first time since November. The correction also saw BTC drop nearly 30% from its January all-time high (ATH) and trade below its post-US election price range. A week after the market bleeding started, Bitcoin hit a new three-month low, retesting the $78,000 support on Friday morning. Various market watchers noted that BTC’s most recent decline reached and partially filled its November 2024 CME Gap between $78,000 and $80,700. Rekt Capital pointed out that Bitcoin is experiencing a “strong rebound against the partially filled CME Gap and is doing so on above-average seller volume.” The flagship crypto has surged around 7% from today’s lows, hovering between the $83,000 and $84,000 support zone for the past few hours. To the analyst, the CME Gap support and sell-side volume will be two key indicators to pay attention to over the weekend as constant, uninterrupted BTC sell-side pressure is unsustainable, and seller exhaustion potentially accelerates in the next few days. Bitcoin is finally starting to experience above-average seller volume. There’s still scope for more seller volume to come in, but the chances of Seller Exhaustion occurring are increasing. And Seller Exhaustion tends to precede price reversals. Is A Weekend Rebound Coming? Crypto analyst Jelle highlighted that Bitcoin has done “three drives in deeply oversold territory” this week and is retesting the local lows before today’s drop, which suggests that a “weekend relief seems likely.” The analyst stated that reclaiming the $84,500 support is key for BTC’s recovery as “the past two retests ended up resulting in new lows.” Nonetheless, he noted that today’s rebound seems different due to BTC “touching the 200-ema cluster” for the first time this week and breaking above it. To Jelle, this could signal an “interesting weekend,” with the new CME Gap at $93,000 open. Rekt Capital pointed out that Bitcoin “has filled every CME Gap that has formed since mid-March 2024” and that only the newly formed CME Gap between $92,800 and $94,000 remains open after this retrace. If BTC continues this pattern, the price could see a rebound to fill the new gap soon. Related Reading: Memecoin Scam Alert: Pump.Fun X Account Hacked, Promotes Fake PUMP Token The analyst has outlined two potential scenarios for BTC’s current “downside deviation.” According to the post, Bitcoin’s price could revisit $93,500 by the end of the week if the deviation “is to end up as a downside wick.” Meanwhile, if the deviation is “to end up as the Post-Halving deviation featuring Weekly Candle Closes below the Re-Accumulation range,” BTC’s price could revisit the $93,500 level in the next two to three weeks as “part of a post-breakdown relief rally.” As of this writing, Bitcoin trades at $85,120, a 0.5% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Bitcoin’s price continues its decline, falling farther from its March all-time high of $109,000. Currently trading below $82,000, the cryptocurrency has experienced a significant 24.6% drop. Amid this bearish trend, CryptoQuant contributor EgyHash has highlighted a troubling development on Binance that could further pressure Bitcoin’s price. Related Reading: Bitcoin Whales Buying The Dip: $1.28 Billion Added Below $90,000 Bearish Sentiment Takes Hold EgyHash notes that Binance, one of the world’s largest crypto exchanges, is seeing a steady rise in key metrics that indicate growing sell-side activity. According to EgyHash, the 7-day moving average of mean coin inflows into Binance is increasing, signaling that investors are making larger, more frequent deposits. This uptick in inflows often precedes heightened selling activity, as it suggests that more coins are becoming available on the exchange’s order books. Adding to this, the “Bitcoin: Exchange Inflow (Top10)” metric—an indicator that tracks the total coin volume of the top ten largest inflow transactions—has reached levels not seen in almost a year. This surge suggests that significant amounts of Bitcoin are being moved onto Binance, potentially with the intent to sell. EgyHash also points out that Binance’s Bitcoin reserves are climbing, returning to levels last observed in November of the previous year. A rise in exchange reserves typically reflects an increase in coins held by the platform, which can signal more selling pressure. Bearish Signals on Binance? Key Metrics Point to Rising Sell Pressure “Binance’s Bitcoin reserve has risen to levels last observed in November of the previous year, potentially indicating more selling pressure.” – By @EgyHashX Read more ⤵️https://t.co/vl4sDIxaKD pic.twitter.com/y7qB1D4IS1 — CryptoQuant.com (@cryptoquant_com) February 28, 2025 Further supporting this view is the Taker Buy/Sell Ratio, which reveals that sell orders currently outweigh buy orders, painting a bearish picture for the market. This accumulation of factors—rising inflows, growing exchange reserves, and a dominant bearish sentiment—could indicate that Bitcoin’s downward trajectory may continue. Examining the Role of Unrealized Profit and Loss (NUPL) While sell pressure on exchanges is a significant factor, other indicators are offering a broader perspective on the market’s overall sentiment. Another CryptoQuant analyst, tugbachain, recently discussed the Net Unrealized Profit/Loss (NUPL) metric, which tracks the network’s unrealized profits and losses to determine whether investors, on average, are holding Bitcoin at a gain or a loss. Related Reading: Spot Bitcoin ETFs Suffer Massive Losses: $1 Billion Drained In Single-Day Outflow According to tugbachain, the NUPL currently sits just below the 0.50 support level. Historically, a reading below this threshold has coincided with bearish phases, while a recovery above it can suggest renewed buying interest. If Bitcoin’s monthly close for February exceeds this 0.50 mark, it could indicate a shift toward more optimistic price action, possibly encouraging long-term holders to re-enter the market. Featured image created with DALL-E, Chart from TradingView
Bitcoin remains under pressure, with its price dropping below $85,000. At the time of writing, Bitcoin is valued at $84,397, representing a 2.4% decline in the past 24 hours and a significant 13.7% drop over the past week. These market conditions have sparked a range of analyses, with various on-chain indicators offering insights into current investor behavior. Related Reading: Bitcoin Retail Demand Levels Return to Neutral Zone—What Next? Bitcoin Latest CDD Spike Could Signal A Market Shift One of the key indicators highlighted recently by a CryptoQuant analyst known as Banker is the Coin Days Destroyed (CDD) metric. According to Banker, the Coin Days Destroyed (CDD) metric—a measure of economic activity weighted by the age of coins being moved—has seen a substantial surge. The 60-day CDD indicator, which aggregates these destroyed coin days over two months, indicates that coins held for extended periods are now being spent at a much higher rate. This trend, observed from November 2024 to February 2025, suggests that long-term holders are increasingly active in the market, potentially signaling a pivotal moment for Bitcoin. Banker explains that elevated CDD values often correlate with significant market events. In this case, the sustained uptick in long-term holder activity may hint at profit-taking, asset reallocation, or anticipation of heightened market volatility. While it is not unusual for Bitcoin long-term holders to move coins during periods of major price shifts, the current trend represents the strongest CDD signal since 2021. Historically, such patterns have preceded market turning points, making this metric a critical one to watch. Why CDD Matters Notably, the Coin Days Destroyed metric differs from typical transaction volume as it gives more weight to coins that have remained untouched for longer periods. Each unspent day accumulates “coin days,” and when the holder finally moves those coins, these days are “destroyed.” The 60-day CDD effectively tracks long-term holder sentiment by revealing when these seasoned participants decide to act. As earlier mentioned, a consistent increase in CDD often reflects a growing willingness among long-term holders to take profits or reposition their portfolios—moves that can influence broader market sentiment. Related Reading: Bitcoin Crashes: Experts Warn Of 6-Month Slump To $73,000 Banker points out that this uptick may signal more than just a Bitcoin price correction. With long-term holders moving their coins at a steady pace, the market could be heading toward a “healthier reset.” This kind of activity often sets the stage for new entrants to step in, potentially stabilizing the market and creating opportunities for fresh capital inflows. However, the implications depend heavily on the broader market context, including macroeconomic factors and investor confidence. Featured image created with DALL-E, Chart from TradingView
Bitcoin has experienced a tiring price action in recent weeks, with the price struggling to set a clear short-term direction. Investors are beginning to feel impatient as BTC remains stuck in a tight range, showing no decisive breakout. The price was testing crucial supply between $98K and $100K when the market was hit by negative news, adding further uncertainty. Related Reading: Ethereum Holds Key Support – Analyst Doubts Bears Can Defend $4K Anymore On Friday, the cryptocurrency exchange Bybit suffered a massive hack, with $1.4 billion in ETH stolen. The incident triggered fear among traders, leading to increased volatility across the crypto market. However, Bybit responded quickly, working to reassure investors and prevent further market-wide panic. As Bitcoin remains range-bound, price compression is becoming extreme, indicating that a major move could be coming soon. Top analyst Big Cheds shared an analysis on X, revealing that Bitcoin is facing its tightest daily Bollinger Bands (BBs) since August 2023, when the price was at $29.5K. Historically, such low volatility phases lead to explosive price movements, making BTC’s next move critical. Bitcoin Price Action Signals Imminent Breakout Bitcoin has struggled below the $100K mark since late January, with bulls unable to confirm a recovery rally despite multiple attempts. At the same time, bears have failed to push BTC below key demand levels, keeping the price above $90K. This ongoing battle between supply and demand has created an uncertain short-term outlook, leaving the market waiting for a catalyst to determine the next move. The lack of directional clarity has led to Bitcoin consolidating in a tight range, signaling an upcoming breakout. Big Cheds’ insights on X reveal that Bitcoin now has its tightest daily Bollinger Bands (BBs) since August 2023, when BTC was trading at $29.5K.The last time BTC saw this level of price compression, the market experienced an aggressive price drop before a long accumulation phase that eventually led to a recovery. With BTC now coiling up for another breakout, traders remain cautious about the direction of the move. If BTC reclaims $100K, an explosive rally into price discovery could follow. However, a breakdown below $94K–$90K could trigger deeper corrections, making the next few days critical for the market. Related Reading: Ethereum Could Target $3,000 Once It Breaks Current Supply Levels – Analyst If history is any indication, this period of low volatility is unlikely to last much longer. The market is preparing for a major move, and traders are closely watching key resistance and support levels for confirmation. With Bitcoin’s supply on exchanges at historically low levels and long-term holders showing resilience, a breakout above $100K could spark a new wave of buying pressure. BTC Struggles After Volatile Friday Bitcoin is trading at $96,000 after a highly volatile Friday, where the price spiked to $99,500 before dropping to $94,800 following news of the Bybit hack. This sudden price action unsettled investors, as BTC failed to hold above critical supply levels and experienced a rapid selloff. Now, bulls must defend the $95K level throughout the weekend to prevent further downside. Holding this level would signal strength and allow BTC to push toward the $98K resistance, a key area that needs to be reclaimed for a breakout attempt above $100K. However, losing the $95K mark could trigger a breakdown into lower demand levels, potentially retesting the $94K or even $90K zones. Market sentiment remains divided, as BTC is showing signs of compression, typically leading to an aggressive move in either direction. Related Reading: Solana Sweeps Lows But Recovers – Can Bulls Reclaim $185 by Friday? For now, all eyes are on whether Bitcoin can reclaim $98K and sustain momentum, or if bears will push the price into deeper corrections. The weekend could be critical in determining the next major trend, as BTC remains stuck in a tight range between $94K and $100K with increasing volatility. Featured image from Dall-E, chart from TradingView
Bitcoin continues to trade within a tight range, holding above the $94K level while struggling to break past the $100K mark. The long-term outlook remains bullish as BTC maintains key demand levels, but short-term price action remains uncertain. Investors and analysts are closely watching for a breakout, with speculation rising that this period of consolidation is the calm before the storm. Related Reading: Ethereum Holds Multi-Year Bullish Structure – Time For A Comeback? While bulls have defended crucial support levels, they have been unable to push BTC above key resistance, leading to growing frustration in the market. Analysts suggest that an aggressive move in either direction is imminent. Key metrics from Glassnode reveal that the most critical resistance level for Bitcoin is currently at $97,533. This level has acted as a key rejection zone in recent weeks, preventing BTC from reclaiming momentum. If Bitcoin manages to break and sustain a move above this resistance, it could signal the start of a new uptrend, potentially driving prices toward ATH and beyond. However, failure to do so may lead to continued sideways trading or even another retest of lower demand zones. As market participants await confirmation, Bitcoin remains at a pivotal moment that could define its next major move. Bitcoin Prepares For An Aggressive Move Bitcoin has remained in a quiet consolidation below the $100K mark, creating an environment filled with uncertainty and frustration among traders. Price action remains range-bound, fluctuating between $94K and $100K without any clear direction. Analysts continue to speculate about the next move, with most agreeing that an aggressive breakout is inevitable. However, the major question remains—will it be a bullish surge into price discovery or a selloff into lower demand levels? Top analyst Ali Martinez shared Glassnode data on X, revealing that the most critical resistance level for Bitcoin is currently at $97,533. This level has repeatedly acted as a barrier, preventing bulls from regaining control. Martinez suggests that a sustained breakout above this level could signal further upside, potentially paving the way for a move toward the $100K psychological barrier. Investor sentiment is mixed, with some expecting Bitcoin to reclaim momentum and push past ATH, while others remain cautious due to the prolonged consolidation and weakening volatility. Historically, extended periods of low volatility often precede major price moves, but the market remains divided on which direction BTC will take. For now, Bitcoin continues to trade within a tight range, and investors eagerly await confirmation of the next major trend. Related Reading: Solana Sweeps Lows But Recovers – Can Bulls Reclaim $185 by Friday? BTC Price Action Details Bitcoin is trading at $97,300, attempting to reclaim key moving averages that could define its short-term direction. The 4-hour 200 exponential moving average (EMA) at $98K and the 200 moving average (MA) at $100K serve as critical resistance levels that bulls must overcome to confirm an uptrend. If Bitcoin breaks above these levels and holds them as support, it could ignite a massive rally toward new highs. However, uncertainty still dominates the market as BTC struggles to sustain bullish momentum. Investors are closely watching whether the price can break through these resistance zones or if another rejection will occur. A failed attempt to push above the $98K-$100K range could result in increased selling pressure, leading BTC into lower demand zones around $91K. Related Reading: Altseason At Risk? Expert Believes Ethereum Must Hold $2,600 To Sustain Momentum Despite the cautious sentiment, Bitcoin’s long-term structure remains bullish as it continues to hold above key support levels. The coming days will be crucial as traders look for confirmation of either a breakout or a potential retracement. If BTC manages to reclaim these key moving averages, confidence could return to the market, fueling further upside momentum. Until then, Bitcoin remains in a critical consolidation phase, awaiting its next decisive move. Featured image from Dall-E, chart from TradingView
Bitcoin has been trading sideways in a tight consolidation range, staying below key supply levels while holding strong above crucial demand zones. This phase of indecision has divided market sentiment, with many leaning toward a bullish trend that could result in an aggressive move in the coming days. While uncertainty lingers, analysts are optimistic that Bitcoin is preparing for its next significant price action. Related Reading: Ethereum Indicator Flashes Buy Signal On The Weekly Chart – Potential For A Rebound? Renowned analyst Jelle shared a technical analysis on X, revealing that Bitcoin is still building a 4-hour rounding bottom, a bullish pattern that often precedes a breakout. Jelle highlighted that a new higher high was set on Friday, signaling potential momentum in favor of the bulls. This formation suggests that Bitcoin could be gearing up for a move toward reclaiming key levels, including the much-anticipated $100K mark. Despite the recent sideways price action, Bitcoin’s resilience above crucial demand zones reflects underlying strength. Many traders and investors are keeping a close watch, as this consolidation could soon come to an end. Whether BTC breaks above its supply zone or retraces to retest lower levels, the next move is expected to set the tone for short-term market direction. All eyes remain on Bitcoin as the market awaits confirmation. Bitcoin Prepares For A Massive Move Bitcoin’s price remains driven by speculation and uncertainty as short-term price action continues to be unpredictable. The price has struggled to reclaim the $100K mark, leaving analysts divided over its next move. Some are calling for a cycle top at $109K, while others believe that Bitcoin is setting the stage for a massive rally once it consolidates and establishes strong demand at current levels. Jelle shared a technical analysis on X, highlighting that Bitcoin is still forming a rounding bottom pattern above the $94K level—a bullish structure that signals accumulation and potential upward momentum. He pointed out that a new higher high was set on Friday, strengthening the case for a possible breakout. According to Jelle, if Bitcoin can hold for another higher low over the weekend, bulls could push the price toward the critical $100K mark next week. Despite the ongoing uncertainty, the rounding bottom pattern offers a glimmer of optimism for the market. Bitcoin’s ability to stay above the $94K level reflects its resilience, even amid volatility. Traders and investors are closely monitoring this consolidation phase, as it could determine the next significant trend for BTC. Related Reading: Dogecoin Adam & Eve Structure Hints At Bullish Potential – Can DOGE Breakout? If the price successfully reclaims the $100K mark, a rally toward the $109K cycle top becomes increasingly likely. Conversely, failing to hold current levels could lead to a deeper correction. The coming days will be crucial for Bitcoin’s short-term direction, with both bulls and bears battling for control. BTC Price Struggles With Short-Term Direction Bitcoin is trading at $97,700 after briefly tagging the 4-hour 200 EMA near $98,800, sitting less than 3% below the crucial $100K level. Bulls are striving to reclaim the $98K level and push the price above the psychological $100K mark, a critical resistance zone that has kept BTC in a consolidation phase. Breaking above $100K would signal renewed momentum and could set the stage for a strong uptrend. The $98K and $100K levels are key short-term hurdles for bulls, as reclaiming these zones would restore confidence and likely attract more buyers. A successful breakout above the $100K mark could ignite a rally, taking Bitcoin into higher territory and possibly testing all-time highs. Related Reading: Ethereum Whales Have Bought Over 600,000 ETH In The Past Week – Time For A Price Upswing? On the flip side, downside risks remain significant. Losing the $94K support level could trigger a correction into lower demand zones around $89K, where buyers might step in to prevent further declines. Such a move would signal continued market indecision and could lead to extended consolidation or even bearish pressure. Featured image from Dall-E, chart from TradingView
A week after its last attempt to reclaim the $100,000 barrier, Bitcoin (BTC) continues moving within its local range. Following its recent performance, some analysts consider that BTC could be near a breakout and a massive rally toward a new high. Related Reading: CZ Sparks Memecoin Frenzy With Dog Picture: Four.Meme Starts Token Betting Event Bitcoin Ready For A Breakout Or a Breakdown? Amid the market volatility, Bitcoin has found price stability, staying within the mid-zone of its post-election breakout level. During the recent 12% correction, BTC saw its price retest the range lows as support, bouncing toward the $100,000 barrier. However, it failed to regain this zone as support and continued its sideways move within this range. Over the last week, the flagship crypto has hovered between $94,000 and $98,000, incapable of holding the $99,000 mark since late January. Crypto trader EliZ noted that Bitcoin has been within this “mini range” for nearly two weeks, suggesting that the cryptocurrency is poised for “a big move” out of this consolidation zone. He cautioned investors that the direction the flagship crypto could take “is almost impossible to predict.” It is worth noting that market sentiment has recently divided, as Bitcoin’s price action doesn’t seem to reflect bullish news. A Nansem analyst suggested that the market appears momentarily satiated and more “reactive to negative sentiment than positive news.” Ali Martinez said Bitcoin looks “primed for a breakout,” highlighting an almost two-week symmetrical triangle in BTC’s chart. After the recent price performance, the cryptocurrency tested the pattern’s upper trendline, suggesting another retest could be near. Nonetheless, the analyst stated that a confirmation of the breakout will be key before the next BTC move. BTC Price Eyes $150,000 Cycle Top Crypto Jelle also considers that Bitcoin is preparing to start its next leg up. BTC’s “explosive moves generally kick off after the first price-discovery consolidation is completed,” which, according to other analysts, it has. Rekt Capital has stated that Bitcoin is about to embark on its second price discovery uptrend, as BTC has completed the first price-discovery correction of its post-halving parabolic phase. According to Jelle’s X post, Bitcoin gained 577% in 133 days in 2017, while it recorded a 70% increase in 56 days in 2021. Moreover, he pointed out another signal that could shed some light on BTC’s top this cycle. The analyst affirmed, “Bitcoin crossing above its 2-year MA multiplier has historically been a great top signal.” Bitcoin topped after crossing above the 5X multiplier in the first two cycles. Meanwhile, it didn’t hit last cycle’s top until “tagging the 5x multiplier – well above the 4x multiplier,” suggesting that a diminishing trend could be forming. Related Reading: BNB Flips Solana’s Market Cap Amid Market Retrace – Breakout To $700 Coming? However, Jelle affirms that even if BTC’s price only hits the 3x multiplier this cycle, the price is still poised for a significant rise. According to the chart, the potential multiplier for the cycle targets the $152,000 mark. As of this writing, Bitcoin trades at $98,243, a 1.7% increase on the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Bitcoin has shown some resilience after weeks of consistent price declines, recording a slight upward move in the past day. However, the recovery has not been sufficient to reverse the prevailing bearish sentiment, with the cryptocurrency still trading below the key psychological level of $100,000. Notably, according to a recent insight shared by a CryptoQuant analyst known as Crypto Dan, this latest uptick from Bitcoin might just be an early sign of stabilization. Related Reading: Bitcoin On The Brink Of A Massive Short Squeeze, Expert Warns Market Indicators Show Room for Growth In Crypto Dan’s latest analysis titled “Crypto Market – The Bull Cycle Isn’t Over Yet,” Dan discussed several indicators suggesting that the current market phase still has room for growth. Notably, he highlighted that Bitcoin’s valuation metrics remain below historical overvaluation levels, and other market conditions point to potential upside in the longer term. According to Dan, the MVRV (Market Value to Realized Value) ratio, a metric that measures whether Bitcoin is overvalued or undervalued relative to its historical performance, remains well below the peaks seen in prior bull cycles. This indicates that Bitcoin might still have substantial upward potential. #Bitcoin $BTC momentum has shifted, signaling a possible trend reversal! pic.twitter.com/vfxoJaIfkT — Ali (@ali_charts) February 13, 2025 Dan also noted that certain hallmark signs of a market top—such as a surge in new capital inflows typically associated with altcoin season—have yet to materialize, suggesting that the bull cycle may still be in progress. In addition, Dan pointed to recent macro-level developments, such as the approval of spot ETFs and the early stages of pro-Bitcoin policies under former President Trump’s administration. These factors, he argued, could help boost confidence in the cryptocurrency market, providing the foundation for a sustained recovery. Bitcoin Market Performance Bitcoin is currently trading for $95,999, at the time of writing following a drop of nearly 10% in the past two weeks. Although the asset has managed to see a slight uptick of 1% in the past day, it remains below the $100,000 price mark. At current market prices, BTC is roughly an 11.5% decrease away from its all-time high (ATH) above $109,000 recorded in January. Interestingly, despite the decline in BTC, its daily trading volume has seen an opposite trend. Particularly, over the past few days, this metric was able to see a noticeable surge increase from below $25 billion as of February 9 to now sitting above $37 billion, as of today. Related Reading: Bitcoin Funding Rate Turns Neutral On Top Exchanges: What Happened Last Time Aside from Dan’s BTC MVRV ratio’s bullish indication, other analysts have shared their technical perspective on Bitcoin disclosing that a major rally is on the horizon. Featured image created with DALL-E, Chart from TradingView
Bitcoin has experienced a quiet weekend, with the price remaining stagnant around the $96,500 level for five consecutive days. This prolonged period of consolidation highlights the current indecisive nature of the market. Bulls have been unable to reclaim control and push Bitcoin above the critical $100K mark, while bears are also struggling to drive the price lower toward key demand levels. Related Reading: Ethereum Holds Multi-Year Bullish Pattern – Expert Suggests The Next Move Will Be ‘The Real Deal’ The lack of direction has left investors and analysts watching closely for signals of the next major move. The broader market sentiment remains cautious, with many questioning whether Bitcoin can regain bullish momentum or if a deeper correction is on the horizon. Key metrics shared by crypto expert Axel Adler on X provide some insight into the current dynamics. According to Adler, the $97K level serves as a strong support zone, representing the average purchase price for Bitcoin short-term holders. This suggests that a significant portion of market participants are still confident in Bitcoin’s ability to hold above this level despite the lack of upward momentum. Bitcoin Demand Remains Strong As Indecision Drives The market Bitcoin has been navigating through weeks, even months, of uncertainty and speculation, leaving investors divided about its short-term direction. Bulls have struggled to push the price back above the critical $100K mark, while bears have been unable to break below key support levels. This stalemate has created a market characterized by indecision, with volatility continuing to dominate price action. The absence of a clear trend has caused frustration among investors, many of whom had anticipated a stronger rally earlier this year. Instead, Bitcoin has been consolidating within a range, bouncing between its $109K all-time high and support levels around $90K. For now, the market seems stuck in this phase, with no immediate catalyst to break out. Top analyst Axel Adler has provided crucial insights into the current dynamics. According to Adler, the $97K level is acting as strong support, as it represents the average purchase price for short-term holders who have held their Bitcoin for one to three months. This data suggests that many market participants are still confident in Bitcoin’s ability to hold this level, even as broader uncertainty looms. If Bitcoin can sustain this support in the coming days, analysts anticipate a potential rally back toward range highs around $109K. However, failure to maintain this level could pave the way for further downside, testing lower demand zones. For now, the market remains on edge, waiting for Bitcoin’s next decisive move. Related Reading: Cardano Is Showing Signs Of A Potential Rebound As Key Indicator Flashes A Buy Signal – Analyst BTC Price Action Details: Key Levels Bitcoin is currently trading at $98,000 after spending the past week in a tight range between the $100K psychological resistance and the $94,500 low. This range-bound price action highlights indecision in the market, as bulls and bears struggle to gain control. For Bitcoin to confirm a short-term reversal and regain bullish momentum, bulls need to reclaim the $98K mark as support and push decisively above the $100K level. Breaking and holding above this critical resistance could set the stage for a move toward higher price levels, potentially targeting all-time highs around $109K. A successful reclaim of the $100K level would signal renewed strength and confidence in the market, sparking optimism among investors. On the flip side, failure to hold above the $95K support level could open the door for further downside. A drop below $95K might send Bitcoin into lower demand zones, with the $90K level acting as the next key support. Such a move could further fuel bearish sentiment and extend the current consolidation phase. Related Reading: Ethereum Stuck Below $2,800 Resistance – Bulls Need A Higher Low To Recover As the market continues to consolidate, investors are closely monitoring these levels for clues about Bitcoin’s next move. With both bulls and bears testing their limits, the coming days will likely determine the short-term direction of BTC’s price. Featured image from Dall-E, chart from TradingView
Bitcoin is now experiencing a break from last week’s steady decline, which saw the asset drop as low as $94,000. As of today, BTC’s price has steadily climbed, hovering above $97,000 at the time of writing—a 1.3% gain in the past day. Amid this Bitcoin price performance, a CryptoQuant analyst known as Crypto Lion has identified a meaningful decline in leverage and open interest (OI) ratios since November 21, following the presidential election. What does this indicate for the Bitcoin market? Related Reading: Could Fear Fuel Bitcoin’s Comeback? Analyst Spots a Surprising Pattern Leverage Ratio Decrease And Its Implications In a recent QuickTake post titled “Leverage ratio decreased. Risk Off,” Crypto Lion explained that the leverage ratio of Bitcoin has fallen, along with the derivatives buy-sell ratio and the OI-to-market-cap ratio. This suggests a gradual unwinding of leverage as more Bitcoin leaves centralized exchanges (CEXs). The analyst also highlighted that much of this Bitcoin has shifted to Coinbase Prime or been used to back exchange-traded funds (ETFs), indicating a shift toward long-term holding and possibly a broader “risk-off” stance among large investors. The analyst particularly wrote: The large decrease in the leverage ratio means that OI is decreasing relative to the CEX BTC reserve. It is important to note that the CEX reserve has been declining for a long time and has been moved to the coinbase prime and bought to back ETFs. This means that risk-off may be more advanced than it appears. Bitcoin Exchange Outflows Reach 2022 Levels Adding to this narrative, another CryptoQuant analyst, Papi, reported a significant development in Bitcoin’s exchange dynamics. According to Papi, the largest net outflow of Bitcoin from exchanges since 2022 occurred last week, reducing the supply of Bitcoin on these platforms by 3%. The last time outflows reached a comparable scale was shortly after the collapse of FTX, a major exchange event that reshaped market sentiment. This latest exodus of Bitcoin from exchanges may signal growing confidence among institutional players and long-term holders. Despite recent price fluctuations, large buyers appear to be “stacking on dips,” as Papi noted. This behavior suggests that these entities anticipate future price appreciation and are accumulating while prices remain comparatively low. Related Reading: Bitcoin Indicator Signals Short-Term Holders Have Been Taking Profits – Is The Next Rally Near? The shift of funds off exchanges into private wallets or institutional custody often reflects a strategy of long-term holding rather than short-term trading, potentially providing a stable foundation for future market growth. Looking ahead, the reduced leverage ratios, coupled with significant outflows from exchanges, could point to a more cautious yet optimistic market sentiment. If these patterns continue, they may set the stage for a more sustained recovery in Bitcoin’s price and a shift toward healthier market conditions over time. Featured image created with DALL-E, Chart from TradingView
Bitcoin is trading below the $100K mark after enduring a volatile and turbulent week. The cryptocurrency faced extreme selling pressure last Sunday, dropping over 9% in less than 24 hours. Although Bitcoin managed a slight recovery on Monday, the selling pressure has persisted, leaving the market in a state of uncertainty. Related Reading: Whales Accumulate 100 Million Dogecoin In 24 Hours – Demand Signals Growing Confidence Key metrics shared by Axel Adler on X shed light on the current state of Bitcoin’s price action. According to Adler, the Bitcoin Short-Term Holder (STH) MVRV indicator has declined from $98K and a value of 1.35 to average levels. This drop suggests that short-term holders have been actively taking profits during this period of heightened volatility. The STH MVRV is a critical indicator for assessing market sentiment among short-term participants. Historically, values above 1.30–1.35 signal an overheated market, often leading to sell-offs. The recent decline in the indicator indicates that some short-term holders have exited their positions, potentially marking the end of a local overheated phase. As Bitcoin consolidates below $100K, market participants are keeping a close eye on key support and resistance levels, hoping to identify the next big move in this unpredictable market environment. For now, profit-taking and volatility dominate the narrative. Bitcoin Faces Persistent Selling Pressure As Short-Term Holders Exit Positions Bitcoin has been grappling with heightened volatility and selling pressure since the start of February, a trend that has negatively impacted altcoins and meme coins, leading to bearish price action across the market. Analysts are increasingly calling for a correction as bulls show signs of fatigue and price movements suggest further declines could be on the horizon. Key insights from CryptoQuant, shared by Axel Adler on X, reveal an important shift in market dynamics. The Bitcoin Short-Term Holder (STH) MVRV indicator, a critical tool for gauging short-term holder behavior, has declined from $98K and 1.35 to average levels. This drop indicates that short-term holders have been taking profits amid the recent market volatility. Historically, an STH MVRV above 1.30–1.35 signals an overheated market, often preceding significant sell-offs. The current decline in the indicator suggests that a portion of short-term holders have exited their positions, relieving some pressure on the market. A return to average levels typically marks the end of a local overheated phase. Related Reading: Solana Holds Support Above Key Indicator – Expert Sees Push To ATH If Momentum Returns If demand remains strong, Bitcoin is likely to enter a consolidation or sideways trading phase following this period of profit-taking. However, a drop in the STH MVRV below 1.0 would signal the formation of a local bottom, potentially setting the stage for a future rally. As the market navigates this period of uncertainty, monitoring these key metrics will be crucial in anticipating Bitcoin’s next move. Price Struggles to Find Direction Below $100K Bitcoin is trading at $96,700 after several days of sideways movement within a tight range between $100,000 and $95,600. The price has been unable to establish a clear direction, with bulls losing control after failing to hold the $100K mark last Tuesday. This lack of momentum has created an atmosphere of uncertainty in the market, leaving traders on edge as Bitcoin hovers near key support levels. The short-term outlook for Bitcoin remains unclear, as neither bulls nor bears have managed to take decisive control. If Bitcoin fails to hold above the critical $95K support level, a deeper decline into the $90K demand zone could follow. Such a move would signal increased selling pressure, potentially dampening sentiment further and extending the current consolidation phase. Related Reading: Ethereum Is Consolidating After The Flush Last Weekend – The Calm Before A Big Move? On the other hand, reclaiming the $100K level is crucial for bulls to regain control and push the price higher. However, without a strong push above this psychological resistance, Bitcoin’s price action is likely to remain choppy and uncertain. Market participants are watching closely for any signs of a breakout or breakdown, as the next move could define Bitcoin’s trajectory in the coming weeks. For now, caution remains the prevailing sentiment. Featured image from Dall-E, chart from TradingView
Bitcoin has been struggling to reclaim the $100K mark, facing intense volatility and selling pressure since the weekend. The market remains uncertain as bulls attempt to defend key support levels while bears push for a deeper correction. Despite this, Bitcoin continues to show resilience, holding above crucial price zones that could determine the next big move. Related Reading: Ethereum Is Testing Key Support on the ETH/BTC Chart – A Parabolic Move Could Be Next Top analyst Axel Adler shared key insights on X, revealing that as of February 6, 2025, the most critical support level for BTC is at $90.6K, based on the Short-Term Holder (STH) Realized Price metric. Additionally, another major support level is found at $97.2K, calculated from the Short-Term Holder one-month to three-month Realized Price. These levels indicate where recent buyers are positioned, making them crucial for Bitcoin’s stability in the current consolidation phase. As the market digests recent volatility, Bitcoin’s ability to hold above these support levels could set the stage for a renewed rally. If BTC remains strong and demand picks up, breaking above $100K could trigger a push toward all-time highs. However, losing these levels could invite further downside pressure. Investors and analysts are watching closely to see if Bitcoin can regain bullish momentum in the coming days. Bitcoin Metrics Highlight Liquidity Levels Bitcoin has experienced intense volatility since the weekend, with price action swinging between key levels. After a sharp drop to $91K, BTC quickly rebounded above $100K before settling around $98K. Market sentiment remains fragile as trade war fears continue to shape price movements. The uncertainty surrounding global markets and economic policies has led to increased speculation, with investors closely watching Bitcoin’s ability to hold above crucial support zones. Top analyst Axel Adler shared insights on X, highlighting key technical levels that could define Bitcoin’s short-term trend. As of February 6, 2025, the primary support level is at $90.6K, based on the Short-Term Holder Realized Price metric. This level is a critical price point where short-term holders have acquired BTC, making it a strong area of demand. Additionally, another key support zone is at $97.2K, which represents the one-month to three-month Short-Term Holder Realized Price. On the resistance side, Bitcoin faces significant supply pressure at $100.6K, a level where recent buyers have concentrated their entries. This range, identified through the Short-Term Holder one-day to one-week and one-week to one-month Realized Price metrics, acts as a key barrier preventing BTC from breaking higher. If Bitcoin manages to reclaim and hold above this level, the next target would be $105K or higher, opening the door for another attempt at price discovery. Related Reading: Solana Could Target $220 If It Holds Current Levels – Analyst Expects Short-Term Bullish Momentum For now, BTC remains in a consolidation phase, with both bulls and bears fighting for control. If Bitcoin holds above its key support levels, a renewed bullish phase could emerge, pushing the price toward new highs. However, losing these zones could trigger another round of selling pressure, potentially sending BTC into lower demand levels. The next few days will be crucial in determining the market’s direction. Price Consolidates At Demand Levels: Can BTC Hold? Bitcoin is trading at $99,000 after days of choppy price action, struggling to reclaim the $100K mark. The market remains in a consolidation phase, with bulls attempting to regain control while bears push for further downside. Despite strong demand at lower levels, BTC has yet to establish a firm breakout above key resistance zones. The most crucial support level for bulls to hold is $98K. Maintaining this level could set the stage for a rally, as it has proven to be a strong demand zone in recent sessions. A successful defense of $98K would give buyers the confidence needed to push the price above $100K, a psychological and technical level that must be reclaimed to shift momentum in favor of the bulls. Related Reading: ‘Solana Breakdown Fails’ – Holding $205 Is Crucial To Trigger a Push Higher However, failure to hold above $98K would expose BTC to increased selling pressure. If the price loses the $96K mark, a deeper correction into lower demand zones becomes likely, potentially bringing BTC down to the $92K–$94K range. For now, traders are watching these levels closely, as Bitcoin remains at a crucial point in determining whether the next move will be a surge above all-time highs or a continued pullback into lower support zones. Featured image from Dall-E, chart from TradingView
Bitcoin market activity over the past day has been marked by turbulence, with its value falling to as low as $90,000 levels earlier today before rebounding to just above $94,000. Despite this partial recovery, the cryptocurrency remains down 5.8% over the past week and more than 13% below its all-time high of $109,000, reached in January. This recent price movement has led a CryptoQuant analyst to suggest that Bitcoin may be transitioning into a distribution cycle, a phase where price gains start to slow as supply shifts toward newer market participants. Related Reading: Bitcoin Price Is Trading In This Bearish Flag — What’s The Downside Target? Bitcoin Transitioning From Accumulation to Distribution The analyst known as Oinonen, discussed the current state of Bitcoin’s market cycle in a recent post titled “Entering the Distribution Cycle.” Oinonen noted that after gaining 129.2% over the past year and surpassing $100,000, Bitcoin might be nearing a “cycle top.” He cited comments from Ki Young Ju, who suggested that the market is in the “early distribution phase” and could potentially see a few more quarters of growth, influenced by retail investors entering the market and broader promotional efforts. Applying Dow Theory to Bitcoin’s recent market patterns, Oinonen explained that the cryptocurrency’s market movements can be divided into accumulation and distribution phases. He pointed out that while 2022 represented a clear distribution cycle, Bitcoin transitioned into an accumulation cycle in 2023, which extended through 2024. Now, as 2025 unfolds, Bitcoin appears to be shifting back into a distribution phase. Despite this shift, Oinonen emphasized that the market still has the potential for further price discovery, citing relatively low funding rates and a lack of overleveraged conditions. Price Supports and Future Outlook Oinonen also cited Axel Adler Jr, another market observer, who shared similar sentiments, noting that Bitcoin’s current market environment is not overheated and retains the potential for additional growth under stable macroeconomic conditions. This view is supported by the ongoing institutional demand reflected in MicroStrategy’s recent Bitcoin purchases. The company has continued its pro-cyclical acquisition strategy, adding 10,107 bitcoins in early 2025 and bringing its total holdings to 471,107 BTC. Related Reading: Bitcoin Eyes $108K: Can Bulls Sustain Momentum Against Bearish Signals? This sustained institutional interest serves as a leading indicator of market confidence and highlights Bitcoin’s continued appeal as a long-term investment. Oinonen mentioned that as Bitcoin hovers near its “fair price” support level of $87,990—identified by its power-law fit—further developments should be watched out for. The analyst added: Despite the approaching distribution cycle, Bitcoin might still reach significantly higher spot price levels. Bitcoin’s funding rate is relatively low and comparable to summer 2024 levels. We’re far from an overleveraged market, and the structure supports further spot price discovery. Featured image created with DALL-E, Chart from TradingView
Bitcoin has been trading sideways since mid-January, moving within a tight range between its all-time high and the $97,750 support level. The market remains divided, with bulls expecting a breakout into price discovery and bears speculating that the cycle top is already in. Despite this uncertainty, Bitcoin continues to hold above critical levels, keeping investors on edge about the next major move. Related Reading: Avalanche Forms A Falling Wedge On The Daily Chart – Breakout Target Set At $56 Top analyst Ali Martinez shared key insights on X, revealing that $97,190 is one of the most important support levels for Bitcoin at the moment. Martinez emphasizes that holding above this level is crucial to sustaining the bull market and determining BTC’s price direction for the coming weeks. If Bitcoin maintains strength above this zone, it could provide the foundation for another rally toward the $110K mark and beyond. However, losing this level could result in a deeper correction, shaking market confidence. With macroeconomic conditions still playing a key role in market sentiment, traders closely watch how BTC reacts to this critical support. Whether Bitcoin can hold firm or break lower will likely define its short-term trajectory, shaping expectations for the rest of the bullish cycle. Bitcoin Facing A Crucial Test Bitcoin is at a crucial moment in its cycle, as the coming weeks will determine whether BTC can break above all-time highs and enter price discovery or if a longer consolidation—or even a correction—into lower demand levels is ahead. After weeks of sideways trading, Bitcoin remains at a crossroads, with bulls and bears battling for control of the next major move. Key metrics shared by Martinez reveal that $97,190 is one of the most important support levels for Bitcoin at the moment. This level is a crucial structural point that has provided strong demand during recent corrections. Holding above it is vital to sustaining the bull market, as it could serve as a launchpad for BTC’s next leg up. Martinez emphasizes that if the price maintains strength above this support in the coming weeks, a new bullish phase is almost inevitable—pushing BTC into new highs and likely sparking a broader market rally. Related Reading: Chainlink Could Target $30 Once It Breaks Bullish Pattern – Top Analyst However, failure to hold above $97,190 could lead to a breakdown, triggering extended consolidation or a deeper retrace into lower demand zones. Investors and traders are closely watching how Bitcoin reacts to this level, as it could define the market’s trajectory for the next few months. Consolidation Below ATH Bitcoin (BTC) is trading at $101,200 after a volatile week, with price action consolidating between all-time highs (ATH) and the crucial $100K level. Despite recent swings, Bitcoin has held strong above key structural support, signaling resilience in the face of market uncertainty. If BTC stays above $100K in the coming days, a push above ATH is almost certain, as demand remains strong at these levels. The market is watching closely for a breakout confirmation, which would require BTC to clear the $106,000 level with strength. A successful move above this resistance would likely trigger a massive rally, sending Bitcoin into uncharted territory. However, losing the $100K support could change the short-term outlook, signaling a possible correction into lower demand zones. Such a move could lead to extended consolidation or a deeper retrace, allowing new liquidity to enter the market before another bullish push. Related Reading: Cardano Consolidates Within A Symmetrical Triangle – Expert Sees A 40% Move Once It Breaks For now, BTC remains at a critical level, with investors and traders closely monitoring whether bulls can sustain momentum and drive prices higher—or if a temporary pullback is on the horizon. Featured image from Dall-E, chart from TradingView
Volatility remains the norm in the Bitcoin market, with aggressive price swings defining the past few days. On Monday, BTC dropped to $97K before surging to $106K yesterday. However, the price has since retraced and now consolidates around the $102K mark, keeping investors on edge about its next move. Related Reading: Chainlink Could Target $30 Once It Breaks Bullish Pattern – Top Analyst Top analyst Daan shared key insights from Coinglass, revealing that Bitcoin has mostly traded with a Coinbase discount over the past month, as indicated by the Coinbase premium index. This means that other spot exchanges are pricing BTC higher than Coinbase, signaling increased selling pressure from US investors. A Coinbase premium typically indicates strong demand from institutional and ETF buyers, reinforcing bullish sentiment. However, with the index currently flat, the US market seems indecisive. As Bitcoin consolidates below all-time highs, traders are closely watching whether it can reclaim key resistance levels or face another wave of selling pressure. If BTC breaks above $106K again, a test of the all-time high could follow. However, losing the $100K support level could lead to further downside and extended consolidation. The coming days will be crucial in determining the next phase for Bitcoin. Bitcoin At A Crucial Level As Market Awaits Next Move Bitcoin is at a pivotal moment after failing to retest its all-time high (ATH) and now seeking support to fuel the next leg up. The $110K level remains the key psychological target above ATH, and once BTC breaks and holds above it, the entire market could enter a new bullish phase. Related Reading: Cardano Consolidates Within A Symmetrical Triangle – Expert Sees A 40% Move Once It Breaks Despite recent upside momentum, BTC has struggled to gain a clear breakout, leading to uncertainty among investors. Analysts remain divided—some see this as a natural consolidation before Bitcoin makes its next big move, while others worry about a deeper correction if BTC fails to hold key support levels. Top analyst Daan shared key insights from Coinglass, revealing that Bitcoin has mostly traded with a Coinbase discount over the past month. This means that BTC is priced lower on Coinbase compared to other spot exchanges, indicating that selling pressure is coming primarily from US investors. Historically, a Coinbase premium has signaled strong institutional demand, particularly from ETFs and major financial players. However, with the index currently flat, the US market seems cautious. For BTC to confirm a bullish breakout, holding above $102K and reclaiming $106K is critical. If Bitcoin loses these levels, a retest of $100K support could be imminent, delaying a breakout into price discovery. Bitcoin Price Consolidates Below Key Levels Bitcoin is currently trading at $102,400, showing signs of consolidation as the price remains bounded between the $106K resistance and the $100K support levels. This range has defined Bitcoin’s short-term movements, and a breakout in either direction will likely dictate the next trend. A breakdown below $100K could lead to further consolidation or even a deeper correction, delaying Bitcoin’s bullish breakout. If BTC fails to hold this psychological level, selling pressure could increase, pushing prices lower before any attempt at recovery. On the other hand, reclaiming and holding above $106K would be a major bullish signal, suggesting that price discovery is imminent. This would clear the path for Bitcoin to test its all-time high (ATH) and target the $110K mark, potentially triggering a fresh rally. Related Reading: Solana Restested A Key Level And Now Faces Resistance – Breakout Next? For now, uncertainty remains the dominant theme as the market waits for a decisive price move to confirm short-term direction. With volatility increasing, traders are closely monitoring these key levels, knowing that a clean breakout or breakdown will set the tone for Bitcoin’s next major move. Featured image from Dall-E, chart from TradingView
Bitcoin (BTC) has seen an impressive 8% surge since Monday, solidifying $100K as a strong support level. After weeks of volatility and uncertainty, BTC has now reclaimed key levels and is pushing toward an all-time high (ATH) retest. Investors and analysts alike are closely watching Bitcoin’s next move, as bullish momentum continues to build. Related Reading: Dogecoin Is Setting For A Massive Leg Higher – Analyst Sees Bullish Consolidation Above Key Level Top analyst Axel Adler shared insights revealing that Bitcoin continues to flow out of exchanges, a sign that long-term holders are accumulating. This trend is reducing available supply, which historically has been a key driver for price appreciation in bull cycles. With fewer BTC available for trading, demand pressure could accelerate, potentially fueling a breakout into price discovery. Now that Bitcoin has regained critical resistance levels, traders are eyeing a push above ATH, which would confirm the next major leg of the bull run. However, market participants remain cautious, as BTC must hold above key levels to sustain its uptrend. The coming days will be crucial in determining whether Bitcoin can continue its climb or enter another consolidation phase before making a decisive move. Bitcoin Holds Strong Above $105K Bitcoin (BTC) has experienced high volatility in recent weeks, yet strong price action continues to defy negative market sentiment. After testing key support levels, BTC is now trading above $105K, showing resilience as it looks ready to push above all-time highs (ATH). Investors remain optimistic about Bitcoin’s long-term trajectory, with many expecting a bullish year ahead. Related Reading: Solana ‘Still Wants Lower’ As Meme Coins Face A Major Shakeout – Analyst Yesterday’s Federal Reserve meeting added to the positive market sentiment, giving BTC the momentum needed to shift back into an upward trajectory. With institutional and retail demand rising, Bitcoin remains the leading asset poised for another breakout. Crypto expert Axel Adler shared valuable insights on X, highlighting that a negative Netflow-to-Reserve ratio is a bullish signal. He pointed out that the largest BTC outflow from exchanges occurred at the Bear Market bottom in January 2023, marking strong buying activity and the first accumulation phase of the bull cycle. In 2024, peak buying activity was observed at the $100K level, reinforcing strong demand despite a slight decline in volume. The key takeaway is that Bitcoin continues to flow out of exchanges, reducing supply and fueling further price appreciation. If demand remains strong, BTC could soon break into price discovery, setting the stage for new all-time highs. BTC Testing Last Resistance Below ATH Bitcoin (BTC) is currently trading at $105,200, showing strong momentum as it inches closer to a breakout above all-time highs. The next key level to clear is $106K, which could trigger a move toward the highly anticipated $110K mark. If BTC pushes past ATH with conviction, it would confirm a bullish breakout, setting the stage for further price discovery. However, bulls must defend the $103,600 level to sustain the uptrend. This price zone has been a critical support, holding Bitcoin in a bullish structure. Losing this level could signal short-term weakness, potentially sending BTC back to test the $100K mark. Related Reading: Dogecoin Whales Accumulate 450 Million DOGE During Recent Price Dip – Time For A Breakout? For now, Bitcoin’s price action remains strong, and as long as $103,600 holds, momentum should continue to favor the bulls. With demand rising and exchange supply decreasing, BTC is in a prime position to push toward new highs. The coming days will be crucial, as traders watch for a confirmed breakout or a potential retest of key support levels. Featured image from Dall-E, chart from TradingView
Bitcoin is showing signs of a gradual recovery following its earlier pullback. After dipping below the $100,000 mark, the cryptocurrency has regained ground, currently trading above $102,000. This represents a 6.3% increase over the past two weeks. Amid this upward trajectory, a CryptoQuant analyst has assessed the patterns of Bitcoin’s realized capitalization and UTXO age bands for clues about what might come next. Related Reading: Bitcoin Hovers Above $104K—Analyst Reveals What’s Next Based on Funding Rates What the Data Suggests About Bitcoin’s Future IT Tech, a contributor to the CryptoQuant QuickTake Platform, recently shared insights on Bitcoin’s current cycle behavior. According to the analysis, the proportion of younger UTXOs—coins that have moved recently—has begun to rise. Historically, high levels of younger UTXOs have coincided with cycle tops, as seen during the peaks of 2013, 2017, and 2021. Although the current cycle has not yet reached these extreme levels, the increase in younger UTXOs suggests that newer market entrants are becoming more active. According to IT Tech, based on historical trends, a high proportion of young UTXOs typically signals increased speculation, which can lead to heightened volatility and a potential market top. If this trend continues, Bitcoin could see another leg up before significant distribution takes place. Conversely, if long-term holders maintain their positions, the current rally may still have room to grow. IT Tech emphasized that while current indicators point to increased market activity, the younger UTXO levels remain below historical peaks. Bitcoin’s Next Move: Are We Approaching a Cycle Top or Just Gaining Momentum? “Suggests that we are entering a phase of increased market activity, but the proportion of young UTXOs is not yet at the historical peak levels.” – By @IT_Tech_PL Link ????https://t.co/fVO3Kuavlw pic.twitter.com/pxegbBrpBX — CryptoQuant.com (@cryptoquant_com) January 28, 2025 This provides room for Bitcoin to continue its upward trajectory, but market participants should remain vigilant. IT Tech concluded by noting: The chart suggests that we are entering a phase of increased market activity, but the proportion of young UTXOs is not yet at the historical peak levels. This could mean that Bitcoin still has room for further upside, but traders should closely monitor the ratio of young coins to long-term holdings for potential warning signs of a top. Bitcoin Market Performance At the time of writing, Bitcoin trades at a price of $102,768 marking a 1.3% increase in the past day. This slight surge in price has boosted BTC’s market cap back above $2 trillion—a notable surge from $1.96 trillion seen on Monday. Interestingly, despite this increase, Bitcoin’s daily trading volume has seen an opposite trend currently sitting at a valuation of $50.2 billion, a notable decrease from over $100 billion seen last week. Featured image created with DALL-E, Chart from TradingView
Bitcoin experienced a rollercoaster start to the week as the cryptocurrency dipped 5% below the critical $100K mark, only to recover and climb back above it. Monday’s price action highlighted the ongoing volatility in the market, leaving investors divided on Bitcoin’s next move. Some analysts are calling for a surge above the all-time high (ATH), while others warn of a potential continuation of the recent decline. Related Reading: Ethereum Poised To Test $2,800 Support Level If Market Downtrend Persists – Analyst Market sentiment remains mixed, with uncertainty dominating investor decision-making. However, Bitcoin’s resilience above the $100K level has sparked renewed optimism among bulls. Top crypto analyst Jelle shared a technical analysis, highlighting that Bitcoin has now turned $100,000 into a support level after two previous failed attempts. Jelle’s insights suggest that the psychological barrier has become a strong foothold for Bitcoin, setting the stage for potential upward momentum. As the market continues to watch for Bitcoin’s next move, the $100K level is now a critical zone to monitor. Whether Bitcoin surges toward a new ATH or faces another test of this support will likely shape the broader market narrative in the coming days. For now, Bitcoin’s ability to reclaim and hold $100K is a key indicator of its strength in this volatile phase. Bitcoin Holds Steady Amid Volatility Bitcoin has faced massive volatility since the start of the year, with price movements dominated by speculation and uncertainty. Despite these fluctuations, Bitcoin has demonstrated resilience, maintaining key demand levels and establishing new support zones. Analysts believe this could pave the way for a significant breakout in the coming weeks, with many eyeing an upward move toward new all-time highs (ATH). Top crypto analyst Jelle shared a technical analysis on X, highlighting the importance of Bitcoin’s recent price action. According to Jelle, “After two failed attempts, it looks like the third time is a charm indeed.” The $100,000 level, once a formidable resistance, has now turned into a solid support. This critical development underscores bullish momentum and sets the stage for a potential rally. Jelle noted that this shift in support indicates that bulls are gaining strength, positioning Bitcoin to rise higher and challenge its ATH. The broader market sentiment reflects cautious optimism. While uncertainty remains a driving force, Bitcoin’s ability to hold above $100,000 signals strong investor confidence. The cryptocurrency’s recent stability at these levels suggests it may be primed for a decisive move upward. Analysts and investors are closely monitoring Bitcoin’s next steps, as reclaiming and holding above ATH would solidify its long-term bullish trajectory. Related Reading: Solana Active Addresses Surge To 832K Per Hour Outpacing Ethereum Amid TRUMP Meme Coin Hype For now, Bitcoin’s ability to maintain support at $100,000 and push higher could serve as the catalyst for renewed enthusiasm in the market. If Bitcoin successfully challenges its ATH, it could mark the start of a new phase of growth, reinforcing its dominance as the leading cryptocurrency. As the market watches closely, Bitcoin remains the focal point of investor speculation and bullish expectations. Trading Between Key Liquidity Levels Bitcoin is currently trading at $102,900, having secured strong support above the critical $100,000 level. This psychological barrier has become a key focal point for market participants, with bulls showing resilience in defending it after recent volatility. The ability to hold this level suggests the potential for further upward momentum in the short term. For bulls to confirm a continuation of the uptrend, BTC must hold above $100,000 and push above the $105,000 mark. Breaking this next significant resistance level would likely trigger renewed bullish momentum, attracting fresh buyers and potentially paving the way for a massive rally. Such a move could see BTC retest its all-time high and even venture into price discovery territory. However, the stakes remain high. A failure to sustain support above $100,000 could lead to a deeper consolidation phase, dampening market enthusiasm. This would likely result in a retest of lower demand zones, with traders closely watching for signs of further weakness. Related Reading: Ethereum Tests Massive Falling Wedge – Breakout Could Target $4K Cycle Highs As BTC hovers near this level, attention lies on its ability to break above resistance. A surge above $105,000 could signal the start of a significant rally, reinforcing confidence in Bitcoin’s long-term strength. Featured image from Dall-E, chart from TradingView
Bitcoin is trading near the $103,000 level following a highly bullish Friday that has energized the market. The recent surge has positioned BTC for a potential rally toward new all-time highs, with analysts closely monitoring its next moves. This renewed momentum comes after a significant breakout that many believe has cleared the path for further price appreciation. Related Reading: Solana Reclaims Monthly And Weekly Support Levels – Expert Sets $330 Target Top analyst Jelle has shared a technical analysis that highlights the bullish outlook for Bitcoin. According to Jelle, BTC now faces virtually no resistance following the recent breakout, suggesting that the cryptocurrency could be poised for a rapid ascent. This lack of overhead resistance is a rare and encouraging sign, bolstering investor confidence in Bitcoin’s ability to sustain its upward trajectory. The coming days will be pivotal for Bitcoin as traders and investors look for confirmation of this bullish trend. If BTC continues to hold key support levels and build on its momentum, a rally to uncharted territory appears increasingly likely. With market sentiment turning optimistic and technical indicators aligning, Bitcoin’s current position could mark the start of a transformative phase for the leading cryptocurrency. All eyes are now on BTC as it edges closer to rewriting its own history. Bitcoin Enters A Key Phase Bitcoin has officially entered a pivotal phase as it broke above the highly anticipated $100,000 mark, signaling the start of what many expect to be an explosive rally. This breakout has ignited widespread optimism among investors, who now believe BTC is on the verge of entering price discovery—a phase where it explores uncharted territory beyond its previous all-time high (ATH). Top analyst Jelle recently shared a detailed technical analysis on X, emphasizing the significance of Bitcoin’s recent price action. According to Jelle, Bitcoin’s ability to reclaim critical supply levels has effectively cleared the last major resistance zones. With these levels now behind it, BTC faces virtually no resistance as it prepares to surge higher. Jelle also highlighted that the recent breakout aligns with broader market dynamics, adding further weight to the bullish narrative. The next few days will be crucial as Bitcoin tests its newfound strength above the $100K level. Holding this psychological and technical support is essential for sustaining the rally. If BTC maintains its position above this threshold, the move into price discovery becomes almost inevitable, paving the way for rapid gains and new ATHs. Related Reading: Dogecoin Leads The Pack As Dog-Themed Coins Rally – “Trump Effect” Sparks Excitement This bullish momentum comes at a time when market sentiment is overwhelmingly positive. Investors are positioning themselves for what could be one of Bitcoin’s most transformative periods yet. With fundamentals, technicals, and sentiment all pointing upward, Bitcoin is poised to lead the cryptocurrency market into a new era of growth. As the rally unfolds, the potential for unprecedented price levels underscores Bitcoin’s enduring role as the flagship of the crypto world. BTC Prepares To Surge Bitcoin (BTC) is currently trading at $103,000, maintaining its bullish momentum after an impressive surge on Friday. The price is now holding above the previous local high, signaling strength as it tests demand in a former supply zone. This critical level has shifted from resistance to support, showcasing the market’s growing confidence in Bitcoin’s upward trajectory. Analysts are optimistic that if BTC continues to hold above the $102,000 mark, a push toward new all-time highs (ATH) becomes inevitable. This level represents a strong foundation for the ongoing rally, and maintaining it would confirm short-term strength while supporting the long-term bullish trend. A decisive move above $103,000 would likely trigger heightened market activity, further fueling Bitcoin’s rally into price discovery. However, losing the $102,000 level could lead to a period of consolidation. Such a pullback might delay Bitcoin’s ascent but could also provide an opportunity for the market to regroup before making another attempt at breaking ATH. Related Reading: Ondo Finance Funding Rate Signals Greed Among Investors – Sign Of Strength? With Bitcoin now in a pivotal position, traders and investors are watching closely for confirmation of the next big move. Holding key support levels will be essential to sustaining the bullish momentum and keeping Bitcoin on track for its next major breakout. Featured image from Dall-E, chart from TradingView
The 22-fold increase was attributed to Bitcoin staking developments, the launch of spot Bitcoin ETFs in the US and BTC’s soaring prices during 2024.
“Higher-than-expected inflation could trigger equity market volatility, potentially dragging Bitcoin lower,” Bitfinex’ head of derivatives told Cointelegraph.
Bitcoin finds itself at a pivotal moment following a rollercoaster start to the week. The price experienced a sharp crash, plunging to $89K before staging an impressive recovery to reach $97K. Now, BTC is attempting to stabilize and build momentum for another rally. Investors and traders alike are watching closely as Bitcoin hovers near critical […]
Bitcoin showed unpredictable price action yesterday, plummeting to a low of $89,100 before staging a rapid recovery to reclaim the $96,000 mark. This sharp move is often seen as a liquidity sweep orchestrated by market makers to clear out leveraged positions, a tactic that fuels short-term volatility but strengthens the market’s long-term structure. Related Reading: […]
Bitcoin is trading above $95,000 after a rollercoaster Monday that saw the market plunge and recover in rapid succession. The price dropped over 6%, setting a fresh low around $89,000, before staging a swift rebound that propelled it back to $96,000 within hours. The volatility underscores the heightened uncertainty in the market as BTC consolidates […]