Bitcoin (BTC) witnessed a sharp decline below $90,000 yesterday, sparking concerns about its near-term stability. However, the cryptocurrency has since rebounded, trading back above $96,000 at the time of writing. This rapid recovery has drawn the attention of market analysts who are examining the underlying trends driving Bitcoin’s price movements. Related Reading: Rebound Alert: US Bitcoin ETF Interest Picks Up Speed In 2025 Is Bitcoin’s Surge Above $96k A Stop Hunt? A CryptoQuant contributor, Mignolet, shared an analysis highlighting the recent price dynamics. According to the analyst, the recent drop in BTC to $89,000 and the current recovery was triggered by the breaking of a key short-term support level. Mignolet revealed that this pattern, referred to as “stop hunting,” occurs when price movements break support levels temporarily before recovering. Despite the recovery, Mignolet emphasizes that a true trend reversal would require stronger involvement from key market participants. Mignolet’s analysis points to significant selling activity among whale entities, as observed in Coinbase Premium Gap (CPG) data. Typically, buying whales step in to absorb such dips, creating notable market volatility. However, this time, such activity was absent, raising questions about the sustainability of the ongoing rebound. Additionally, Binance’s market-buy ratio data suggests that large-scale buyers on the exchange have not capitalized on the recent price movement, indicating cautious sentiment among key players. Further evidence disclosed by Mignolet comes from the exchange-traded fund (ETF) daily inflow and outflow data, which is yet to confirm any major shifts in market dynamics. While the daily candle pattern suggests a meaningful move, the lack of participation from whales could limit Bitcoin’s ability to sustain a long-term reversal. Mignolet also warned that market sentiment might shift too quickly to optimism without clear supporting data. The analyst noted: While the candle pattern signifies a meaningful move, the major players are not capitalizing on the opportunity. What concerns me more is that many people’s sentiment may quickly shift to a sense of relief too soon. Bitcoin Market Performance After seeing a notable plunge in price yesterday dropping below $90,000 and triggering a total liquidation of over $300 million in the crypto market, Bitcoin is finally seeing a noticeable reversal in its bearish trend. Particularly, over the past day, Bitcoin has increased by 5.6% bringing its price to trade at $96,351, at the time of writing. However, despite this increase, the asset is still roughly a 10.8% decrease away from its peak above $108,000 recorded last month. While Mignolet’s analysis suggested that Bitcoin bearishness might not be over yet, it is worth noting that the asset’s current recovery coincides with reduced selling activity from long-term holders. Related Reading: Could Bitcoin Hit Its Peak In Summer 2025? Analysts Weigh In In a separate analysis, CryptoQuant contributor Darkfost revealed that the net position change of long-term holders (LTHs) over the past 30 days remains negative but shows signs of improvement. From a low of -827,000 BTC on December 5, the figure has improved to -246,000 BTC. This reduction in selling pressure suggests that LTHs are less inclined to sell at current price levels as Bitcoin’s price declines. However, Darkfost noted that for bullish momentum to regain strength, LTHs would need to shift toward accumulation rather than reducing sales. Featured image created with DALL-E, Chart from TradingView
Bitcoin has faced significant selling pressure and underwhelming price action since late December, leading many investors to question its short-term trajectory. Despite these challenges, BTC continues to hold above key demand levels, maintaining a long-term bullish outlook. This resilience underscores the broader market’s confidence in BTC as a robust store of value and a leading […]
The cryptocurrency market is facing a sharp downturn, with Bitcoin (BTC) hitting fresh lows of around $90,000 on the daily timeframe. This marks a critical moment for the market leader, as BTC hasn’t traded at this level since late November. The steep drop has fueled concerns among investors, particularly as market sentiment shifts toward caution […]
Bitcoin (BTC) has continued to exhibit bearish sentiment, currently trading below $91,000. This decline has sparked debates about its future trajectory, with analysts closely examining major market metrics to understand where BTC’s price action could likely be headed next. Among these, CryptoQuant contributor Percival’s detailed insights shed light on Bitcoin’s current state, offering an in-depth look at key market trends. Related Reading: Bitcoin Sentiment Plummets To Neutral: Reversal Signal? Bitcoin Market Dynamics And Key Indicators Percival’s analysis highlights Bitcoin’s seasonal behavior, which has consistently influenced its price patterns in recent years. Historically, the final months of the year see increased sell-side pressure, often extending into January. This year is no different, with institutional profit-taking and broader macroeconomic factors playing a significant role. Despite these challenges, Bitcoin has shown resilience, maintaining a $90,000 support level despite heavy selling pressure. According to Percival, Bitcoin has experienced a 13% decline in Open Interest, much of it attributed to institutional activity on platforms like the Chicago Mercantile Exchange (CME). Bitcoin exchange-traded funds (ETFs) have also seen a reduction in monthly inflows, dropping from $14 billion to $6.6 billion. These declines reflect broader market sentiment but also highlight Bitcoin’s ability to sustain critical support levels. On the sell side, Percival noted that December saw substantial pressure, with outflows reaching $200 million per day. However, this trend eased in January, with sell-side risk indicators showing a balanced market. This can be attributed to the Short-Term Holder Market Value to Realized Value (STH MVRV) remaining in a favorable zone, signaling that short-term investors are not facing unbearable losses. This stability suggests that short-term holders are unlikely to contribute to further downward pressure, creating an environment that supports Bitcoin’s $90,000 floor. Demand Trends and Future Scenarios While sell-side pressure has diminished, demand dynamics remain a critical factor in Bitcoin’s outlook. Percival highlighted a slight slowdown in on-chain volume, though it continues to hover around a healthy $12 billion across exchange inflows and outflows. Related Reading: 8 Bitcoin Price Predictions For 2025: What Banks, Hedge Funds And Experts Say This level of activity indicates that Bitcoin still retains strong market interest despite recent price declines. Percival also pointed to a potential risk in the gap between the STH MVRV average of 1 and the short-term holder cost base of $88,000. This gap could act as a “breathing space” for external market events to influence Bitcoin’s price, potentially challenging its ability to maintain the $90,000 support. However, for now, the balance between demand and sell-side risks suggests a period of consolidation rather than a significant further decline. Percival wrote: The odds favor the $90K floor, but beware! There is a gap in the STH MVRV between 1.08 and the average at 1 (STH cost base $88), and this difference can become the “breathing space” for an eventual external scenario, zeroing the possibility of going deeper! Featured image created with DALL-E, Chart from TradingView
Despite a potential supply-shock-driven rally, Bitcoin currently lacks trading volume to recapture the $100,000 resistance, analysts told Cointelegraph.
Bitcoin is currently testing demand below the $95K mark, a crucial level that could provide the fuel needed for the next rally. While this consolidation phase has left many investors nervous about a potential deeper correction, some even speculating that BTC may have already peaked, key metrics paint a more optimistic picture. Related Reading: BTC […]
Bitcoin has had a volatile start to 2025, with price action reflecting both optimism and caution among investors. After reaching the $102,000 mark earlier this month, BTC faced a sharp decline, testing critical support at $92,000. Despite the selling pressure, Bitcoin held firm above this key level and is now showing signs of recovery, currently […]
Bitcoin has shown resilience following its recent decline from the $102,000 mark, managing to hold above the crucial $92,000 support level. After days of bearish pressure, BTC is now pushing upward, offering a glimmer of optimism for investors eyeing a potential recovery. This rebound highlights the importance of the $92K zone as a strong demand […]
Bitcoin experienced significant selling pressure after successfully breaking above the $100K mark, a psychological milestone that had investors buzzing with optimism. However, the celebration was short-lived as BTC failed to hold this critical level, dropping as low as $92,500 in less than three days. This sharp downturn has reignited concerns about the market’s stability and Bitcoin’s ability to sustain its upward momentum. Related Reading: Ethereum Downswing To $2,900 Could Be A ‘Buy-The-Dip Opportunity’ – Analyst Expects Bullish Surge Axel Adler, a prominent CryptoQuant analyst, shared valuable insights into the recent market activity. He revealed that the largest deleveraging in the past week took place between January 6 and 7, when Bitcoin’s price fell from $102K to $100K due to liquidations. This wave of forced selling pushed prices lower, allowing bears to regain control and drive Bitcoin’s price down further to $92,500. The current market conditions have left investors questioning Bitcoin’s next move. Will it stabilize and find support to mount another rally, or will the bearish momentum lead to a deeper correction? With the market sentiment teetering between fear and cautious optimism, all eyes remain on Bitcoin as it navigates this critical phase. Bitcoin Regains Ground After Aggressive Sell-Off Despite experiencing an aggressive drop that saw Bitcoin plummet to $92K, the cryptocurrency has managed to find key support at this critical level. In the past few hours, BTC has pushed above this threshold, climbing to $95K, offering a glimmer of hope for bullish investors. The ability to hold and rebound from this support level suggests potential resilience, but uncertainties remain. Prominent CryptoQuant analyst Axel Adler shared insightful data on X about the recent market dynamics. He noted that the largest deleveraging in the last week occurred between January 6 and 7, when Bitcoin’s price dropped from $102K to $100K due to a wave of liquidations. This liquidation event wiped out overleveraged positions and set the stage for bearish activity. Capitalizing on the chaos, bears opened shorts, further driving the price down to $92K. Despite the recent recovery, Adler warns that the current 9K BTC reduction in open interest (OI) doesn’t provide a definitive signal of pressure easing in the market. This leaves Bitcoin’s next move uncertain, with investors closely watching how the price action unfolds in the coming days. Related Reading: Expert Sets $1 Target For Dogecoin Once It Breaks A Multi-Year Trend – Details The recovery to $95K is a positive sign, but BTC must reclaim higher levels to confirm bullish momentum and stabilize the market. Until then, traders remain cautious as the potential for further volatility looms. BTC Holds Key Level: Bulls Eye Higher Ground Bitcoin is trading at $95,000, holding above a critical support level and sitting just 2% below its 4-hour 200 EMA at $96,200. The 200 MA, another significant indicator, lies 3% away, adding further importance to Bitcoin’s current position. These technical levels are pivotal for assessing short-term market momentum and potential bullish recovery. For bulls to reclaim the uptrend, the $95K level must hold as a foundation for further upward movement. A decisive push to reclaim the $98K and $100K levels is crucial. These price points serve as key resistance levels that, once surpassed, could set the stage for a robust leg up, paving the way for Bitcoin to revisit its all-time highs. Failing to hold above $95K could open the door to increased bearish pressure, potentially sending BTC into a deeper consolidation or even testing lower demand zones. However, holding the line at current levels and building momentum could restore investor confidence and create the conditions needed for a sustained rally. Related Reading: Solana Must Reclaim Momentum In The Coming Weeks – SOL/BTC Ratio At A Pivotal Point As Bitcoin consolidates, traders and analysts alike are closely monitoring these critical levels to gauge the cryptocurrency’s next move. A breakout above the $100K mark could reignite bullish sentiment and set a more defined direction for the market. Featured image from Dall-E, chart from TradingView
Bitcoin price is chasing $95,000 after showing modest gains today as several onchain BTC metrics are hinting at signs of a potential bottom.
Bitcoin has faced intense selling pressure since Tuesday, following a strong breakout above the $100K mark. The rally, which many investors hoped would solidify Bitcoin’s bullish structure, quickly reversed, driving the price down to a low of $92,500. The sudden downturn has rattled market sentiment, leaving investors cautious about the immediate direction of the crypto market leader. Related Reading: Expert Sets $1 Target For Dogecoin Once It Breaks A Multi-Year Trend – Details Top analyst Axel Adler has shared crucial data on X, highlighting Bitcoin’s nearest support levels. According to Adler, the key levels to watch are between $86.8K and $89.7K, representing the short-term holders’ realized price. These metrics suggest that Bitcoin is approaching a significant demand zone, where accumulation might take place if the selling pressure eases. As Bitcoin consolidates near these levels, the market waits for signs of stabilization. Whether Bitcoin can recover from this setback or extend its correction remains uncertain. However, the current support levels could serve as a turning point, offering a foundation for bulls to regain momentum. Bitcoin Consolidates Between Key Levels Bitcoin is navigating a critical consolidation phase, with the price fluctuating between $100K and $92K. While there have been brief deviations above the $100K mark, the market leader has struggled to maintain momentum, raising concerns about a potential drop to lower demand zones. Investors and analysts alike are closely monitoring this range, with expectations of Bitcoin finding stronger footing below the $90K area. Top analyst Axel Adler recently shared insights on X, shedding light on Bitcoin’s nearest support levels. According to Adler, the Short-Term Holders 1M-3M Realized Price is currently $89.7K, while the broader Short-Term Holders Realized Price sits at $86.8K. These levels represent key demand zones that could provide Bitcoin with the fuel needed for its next rally. A dip into these areas would likely attract buyers, setting the stage for a potential reversal. Related Reading: Solana Must Reclaim Momentum In The Coming Weeks – SOL/BTC Ratio At A Pivotal Point This period of consolidation is seen as pivotal for Bitcoin, as holding above or reclaiming key levels like $92K will determine its trajectory. While the broader market sentiment remains cautious, a drop into these lower support zones could offer a significant accumulation opportunity for long-term investors. The coming days will be crucial in deciding whether Bitcoin can stabilize and prepare for a renewed bullish push. BTC Faces Critical Support Test Below $95,000 Bitcoin is trading at $93,400, navigating a precarious position as it faces increasing risk with each moment spent below the $95,000 mark. After a brief surge above $100K earlier this month, the bulls lost control, failing to sustain support above this psychological level. This decline has left Bitcoin vulnerable to further downside, with investors closely watching key support levels. For bulls to regain momentum, reclaiming the $95K level is crucial. Beyond this, the $98K mark must also be retaken to confirm a bullish consolidation and signal strength in the market. Until then, uncertainty looms, with Bitcoin’s current range reflecting a lack of decisive control by either side. Related Reading: Ethereum Will Drop Before The Next Leg Up – Analyst Sets Target The critical $92K support level now acts as a short-term safety net. However, losing this level would expose Bitcoin to lower demand zones around $85K, a key area that could attract buyers and stabilize the price. The next few days will be pivotal as Bitcoin either stages a recovery or risks a deeper correction. Featured image from Dall-E, chart from TradingView
Bitcoin’s sentiment has taken a sharp turn, moving from bullish optimism above the $100K mark to growing fear as the price hovers around $95K. The much-anticipated clean breakout after reclaiming the $100K level has failed to materialize, leaving investors questioning the strength of the current bull trend. Related Reading: Ethereum Takes Early Q1 Lead Showing […]
Bitcoin has faced severe selling pressure after briefly reclaiming the $100K mark, only to lose it in under three days. The swift reversal has left investors on edge as BTC now struggles to find stability around the $95K level. This critical support zone is pivotal in determining whether BTC can recover or face a deeper […]
Rising concerns about Federal Reserve monetary policy and rising bond rates are having a negative impact on Bitcoin’s price.
The incoming Trump administration’s crypto regulations and the US Federal Reserve’s monetary policy path remain the biggest factors influencing Bitcoin’s price trajectory.
Bitcoin has surged above the $100K mark, signaling strength and fueling optimism among traders as the market enters 2025. This breakout has bolstered a bullish outlook for BTC in the first quarter, with many anticipating further gains. However, amid this enthusiasm, a cautious undertone persists. Analysts and investors are debating the trajectory of this bull […]
Bitcoin has finally reclaimed the highly anticipated $100K mark after days of consolidation and lingering negative sentiment. The psychological milestone had been a key resistance level, with many investors and analysts closely monitoring BTC’s price action for clues about its next big move. The recent breakout above $100K signals renewed market optimism, yet the question remains: can Bitcoin maintain its momentum? Related Reading: Solana Back Above Weekly & Monthly Support Levels – Analyst Expects New ATH Top analyst Carl Runefelt shared a detailed technical analysis on X, highlighting a critical pattern forming in Bitcoin’s 1-hour time frame. According to Runefelt, Bitcoin is currently shaping a symmetrical triangle, a classic chart pattern that typically precedes a significant price movement. The pattern suggests that Bitcoin is coiling for a decisive breakout or breakdown, with the next few days—or even hours—potentially shaping its short-term trajectory. This pivotal moment for Bitcoin comes as the broader crypto market experiences renewed energy following a sluggish end to the previous year. Investors are optimistic yet cautious, as the technical setup could signal either a continued rally or a temporary setback. With BTC back in six-figure territory, the stage is set for a critical period that could define the first quarter of 2025. Bitcoin Breaks Above $100K But Faces Risks Bitcoin has surged to $102,700 with impressive strength, fueling optimism for a highly bullish year ahead. Investors are closely watching the market leader, which continues to show resilience after reclaiming the $100K mark. However, BTC is not without risks; any loss of current levels could result in a significant pullback, potentially shaking confidence in the ongoing rally. Top analyst Carl Runefelt recently shared a detailed technical analysis on X, highlighting Bitcoin’s formation of a symmetrical triangle on the hourly timeframe. This classic chart pattern often precedes a sharp breakout or breakdown, signaling heightened market activity. Runefelt emphasized that the next move could occur as the price consolidates tightly within the triangle. Runefelt outlined key price targets for traders to watch. A close below the $100K mark would act as a bearish signal, potentially invalidating the bullish structure built over recent weeks. Conversely, a breakout above $103K would confirm bullish momentum and set the stage for a continuation of the rally. Related Reading: Key Indicator Signals Buy On XRP 4-Hour Chart – Analyst Predicts A Price Rebound The next few days will be critical for Bitcoin as the market remains in a state of indecision. While optimism surrounds the possibility of a sustained bull cycle, the potential for increased volatility underscores the need for caution in this pivotal period. Testing Fresh Liquidity Bitcoin is trading at $101,400 after a decisive 4-hour breakout above the critical $100K mark, sparking renewed optimism among investors. This clean breakout has pushed BTC into fresh liquidity above the psychological level of $100K, a sign of strength as the market leader attempts to maintain bullish momentum. However, the battle is far from over. While Bitcoin’s price action remains promising, bulls need to push the price higher to assert full control. The next major hurdle lies at $103,600, a key resistance level that, if broken, could pave the way for a massive rally. A strong move above this mark would confirm Bitcoin’s bullish structure and likely attract more buyers, driving the price into new all-time highs. Related Reading: Dogecoin ‘Looks Undeniably Impulsive’ – DOGE/BTC Ratio Uncovers Strong Accumulation On the flip side, a failure to hold above $100K could result in a consolidation phase. This scenario may keep BTC range-bound, frustrating traders and delaying the bullish breakout investors are eagerly awaiting. Featured image from Dall-E, chart from TradingView
Bitcoin is on the verge of a historic breakout, consolidating just below the highly anticipated $100K mark. After surging over 8% since the start of the year, the leading cryptocurrency has captured the attention of investors and analysts alike. While the market remains cautiously optimistic, all eyes are on BTC for confirmation of its next […]
Bitcoin has shown resilience by pushing above key demand levels, but the psychological and technical barrier of $100K remains unclaimed. This resistance has left investors and analysts in a state of uncertainty, with no clear short-term direction for the market leader. Despite this, a growing consensus among market experts suggests that BTC will likely see […]
Bitcoin has seen a significant surge, rising from local lows of $92,000 to a recent peak of $98,950. This strong move has reignited enthusiasm among investors and analysts, who are closely watching for the next major price action in the market leader. Despite concerns of potential overheating after such a rapid climb, Bitcoin’s market structure […]
Bitcoin has experienced a significant surge, climbing from local lows of $92,000 to a local top of $98,950 yesterday. This upward momentum has reignited optimism among investors and analysts as the leading cryptocurrency continues to show resilience after weeks of market indecision. However, the dynamics behind this rally shed light on the influence of major […]
Bitcoin’s daily volume remains 91% lower than the $743 million on Dec. 5, when BTC first surpassed the $100,000 milestone.
Bitcoin has started the year with a strong performance, confirming crucial demand above the $92,000 mark and gaining over 6% in price appreciation. This move has renewed investor optimism, reinforcing Bitcoin’s position as the market leader amid a broader crypto market recovery. However, selling pressure continues to cap the price below the psychologically significant $100,000 […]
As 2025 begins, the crypto market shows signs of recovering from the late December correction, setting an optimistic tone for the year ahead. Bitcoin, the market leader, has demonstrated remarkable resilience by holding strong support at $92,000 despite recent selling pressure. This stability has renewed investor confidence, with many eyeing a potential continuation of its […]
Bitcoin has experienced a 4% price increase since yesterday, a modest but significant growth that highlights strong demand at the $92,000 level. This movement confirms the resilience of BTC at key support zones and indicates that market sentiment remains positive despite recent fluctuations. The price action reflects investor confidence as BTC continues to build momentum […]
US-based spot Bitcoin ETFs now hold over 5.7% of the entire Bitcoin supply, with analysts seeing it as a price catalyst toward $200,000.
Bitcoin faced a sharp decline yesterday, testing crucial support below the $92,000 mark. This move has sparked concern among analysts, as the $90,000 to $92,000 demand zone is seen as a critical level for maintaining Bitcoin’s bullish structure. A breach below this range could signal a deeper correction, potentially shaking market confidence in the short […]
Bitcoin analysts predict a rally to $120,000 during the first month of 2025, with nearly $45 billion worth of stablecoin reserves awaiting deployment on Binance.
Bitcoin continues to demonstrate resilience, holding above crucial demand levels after its recent decline from all-time highs. While the market grapples with negative sentiment and a wave of bearish predictions, BTC price action remains steady, offering hope to investors eyeing a potential recovery. Related Reading: Bitcoin Exchange Netflow-To-Reserve Ratio: New Metric Reveals BTC Accumulation Adding […]
Bitcoin is currently navigating a volatile phase, consolidating below the $100,000 mark after failing to hold it as a key support level. This recent setback has sparked uncertainty among investors, but the future still looks promising. Related Reading: Are BTC Holders Waking Up? Exchange Deposits Crash To Lowest Levels Since 2016 Despite the short-term turbulence, […]