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The recent surge in Bitcoins price to new all-time highs triggered intense debate among analysts. Speculation abounds regarding the longevity of this bullish momentum, with contrasting opinions shaping the narrative. A well-known individual referred to as Lady of Crypto lately shared her opinions on the social network platform X, which questioned the assumption that a […]
An analyst has explained what path Bitcoin might need to follow to surge to a new all-time high (ATH) target of $92,190. Bitcoin Needs To Breach This Resistance Barrier To Rise To New ATH In a new thread on X, analyst Ali discussed whether the BTC price has hit the top. The one signal the analyst has pointed out that may point towards the top has been the massive scale of profit-taking that the market has seen recently. Related Reading: Bitcoin Dominance: Traders Preferring The OG To Dogecoin & Other Altcoins Ali is waiting for another confirmation before the top can be confirmed. In the scenario that the top gets validated, these are the targets the analyst has marked based on on-chain data. The distribution of UTXOs across the various price levels | Source: @ali_charts on X The above chart shows the Bitcoin UTXO Realized Price Distribution (URPD) data from Glassnode, which tells us how many coins were last bought at what price levels. Generally, the cost basis is an important level for any investor, so they are likely to show some reaction when a retest of it happens. This reaction is the largest when many investors share their cost basis around the same level. When this retest happens from above, the holders may respond by buying more, as they could see the drop as a dip opportunity. As such, large cost basis zones below the current price can prove to be centers of support. “If the market top is confirmed, BTC could drop toward $51,530 or even $42,700!” notes Ali, given that these two levels are the next major support lines for the coin. The analyst says, however, that if BTC can instead break the $66,250 level, which is a source of major resistance right now since these loss holders may be desperate to exit at their break-even, then this bearish outlook could become invalidated. An on-chain pricing model could provide some hints about what might happen when such a break occurs. The trend in the MVRV Pricing Bands for BTC over the past few years | Source: @ali_charts on X The Market Value to Realized Value (MVRV) Pricing Bands is a model that, in short, tells us about where the different multipliers of the average cost basis of the entire market currently lie. The chart shows that the market cost basis is currently at $28,800. Historically, three multipliers of this metric have been relevant for the asset: 0.8x, 2.4x, and 3.2x. The 0.8x level is where bottoms occur, while the 3.2x line is a probable spot for tops to form. Bull rallies in proper have occurred after a breach of the 2.4x level. At present, the 2.4x level lies at $69,150. “By rising above $66,250, Bitcoin will gain the strength to push towards $69,150. And if this resistance barrier is breached, BTC can advance toward a new all-time high of $92,190,” explains Ali. Related Reading: This Bitcoin Metric Foreshadowed Recent Price Drops, Quant Reveals This ATH target is based on the fact that the 3.2x level is equivalent to $92,190 at the moment. It remains to be seen whether the top is already in and BTC would retest the lower levels or if more is left to this rally. BTC Price At the time of writing, Bitcoin is trading at around $61,100, down more than 7% over the past week. Looks like the price of the coin has plunged over the past day | Source: BTCUSD on TradingView Featured image from Shutterstock.com, Glassnode.com, chart from TradingView.com
Bitcoin is still struggling to reclaim its all-time high even after staging an impressive recovery in the last day. The bounce up from $60,000 to $68,000 has no doubt reignited confidence in the market, but the cryptocurrency continues to face some challenges in its bid for a new all-time high. Outflows Continue To Rock Bitcoin ETFs Over the last few months, Spot Bitcoin ETFs have done very well when it comes to inflows, hitting record after record. This saw issues such as BlackRock garner a large number of coins in a short time, which contributed to the Bitcoin run to new all-time highs. Related Reading: Shiba Inu Sees A Shift: Short Term Holders Take Possession Of 23 Trillion SHIB However, as the market gets used to the Spot Bitcoin ETFs being a part of daily investing, outflows have begun to rise. Mainly, these outflows have been from the Grayscale Spot Bitcoin ETF as investors flee from the fund due to their high fees. The same was the case back in January which triggered a crash in the market. In the last few days, outflows have been dominating the ETF net flows. Data from Coinglass shows that net flows first turned negative at the start of the week on March 18, with $154.3 million flowing out of the funds. The next day, March 19, another $326.2 million left the funds, leading to higher negative flows than the previous day. Then, on March 20, net flows were negative once more, with $261.5 million leaving the funds. This trend marks the first time since January that Spot Bitcoin ETFs have seen three consecutive days of outflows, which is in stark contrast to the previous week, which saw daily inflows hit a new all-time high of $1.04 billion on March 12. BTC Price Buckles Under Sell Pressure The sell pressure Bitcoin is shouldering right now is similar to the one seen in January right after the United States Securities and Exchange Commission (SEC) had given the green light to Spot Bitcoin ETFs for trading. The BTC price also suffered crashes during this time, dropping as low as $38,000. Related Reading: Crypto Expert Reveals Why XRP Price Will Rise 1,700% To $10 However, the Bitcoin price had begun to pick up right after the Grayscale outflows slowed down, giving demand enough time to catch up with supply. Just like before, the outflows are being led by Grayscale and until the outflows slow down, BTC could continue to decline. A turn in the tide from here, nevertheless, would give Bitcoin a lot of runway. A similar surge, as recorded after the outflows ended in January, would easily put the price past $75,000, which would be a new all-time high for cryptocurrency. For now, BTC is trading at a $67,320, with a 5.51% increase in the last 24 hours. BTC price crosses $67,000 | Source: BTCUSD on Tradingview.com Featured image from Inside Bitcoins, chart from Tradingview.com
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 Bitcoins 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 BTCs 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 Bitcoins 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 Bitcoins 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
Bitcoin price up: What is the upper limit for Bitcoin's price before the Halving event in 2024? Can Bitcoin reach its ATH price once again?
The day is finally here! Bitcoin managed to finally breach its all-time high price of USD 64,400. This led the entire cryptocurrency market to rally and push upwards. Volumes across exchanges are smashing high while investors who sat on the fence are jumping in again. Now that the ATH price is crossed, where will Bitcoin price reach? Will Bitcoin price reach 100k next?
Bitcoin SMASHED USD 66KRecently, the cryptocurrency market was consolidating while Bitcoin started to show a fast recovery in prices. News surfaced about the ETF approval, the fact that made investors more confident towards crypto adoption. Usually, one of the biggest fears that crypto investors have is the legitimacy of such cryptocurrencies. Now that the ETF news is confirmed, this big door opened to traditional investors to come in.
The market is showing a big positive attitude towards those events, and investors who were sitting on the sidelines are jumping back into the crypto game.
Fig.1 BTC/USD 1-day chart showing BTC crossing ATH - TradingView Bitcoin Price Prediction - Will Bitcoin Continue towards USD 100K?Now that momentum is back on track, and that Bitcoin crossed its all-time high price, it is very likely that prices will continue towards 100K. This is no surprise as the important milestones for BTC are the following:
Naturally, since we crossed the 66K, the next milestone where prices are likely headed towards would be the 100K. In fact, many analysts already predicted this price to be reached many years ago. Today marks yet an important milestone reached, and hopefully, another one accomplished.
If Bitcoin were to reach 100k today, this would mean an easy continuation of the uptrend within the next weeks. Fundamental news should also come in tandem with those elements.
Fig.2 BTC/USD 1-day chart showing the next milestone for BTC - TradingViewStay Ahead, Stay Updated
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Bitcoin Price© Cryptoticker
The post INSANE! Bitcoin Surpasses ALL-TIME HIGH and Eyes 70K! Here’s What’s Next appeared first on CryptoTicker.
Bitcoin price spikes to a new all-time high of $66,000. The movement of the price follows trending ETF news. If ...
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 Bitcoins 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 1.301.35 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 1.301.35 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 Bitcoins 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 Bitcoins 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 Bitcoins stability in the current consolidation phase. As the market digests recent volatility, Bitcoins 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 Bitcoins ability to hold above crucial support zones. Top analyst Axel Adler shared insights on X, highlighting key technical levels that could define Bitcoins 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 markets 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
Kevin Svenson, a prominent crypto analyst, has recently shared his 2024 price forecast for Bitcoin, providing a nuanced view of the expected trends in the coming months. Svensons analysis, which breaks down the year into distinct phases, offers a glimpse into the possible highs and lows that Bitcoin might experience. His predictions paint a picture [...]
The post Bitcoins 2024 Forecast: Analyst Predicts $60,000 Surge Before Halving And New ATH By Q4 appeared first on Crypto Breaking News.
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 remainswill 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, Bitcoins 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
Bitcoins short-term price direction remains uncertain as the market struggles to confirm its next move. Analysts and investors are divided, with some calling for a breakout into new all-time highs while others anticipate renewed selling pressure into lower prices. The price has been consolidating in a narrow range for the past twelve days, holding above the $94,000 demand level and facing resistance below the $100,000 mark. Related Reading: Are Meme Coins Hurting Solana? Rising Selling Pressure Sparks Investor Concerns Key data from CryptoQuant reveals that the nearest support zone for BTC is forming between $91,000 and $95,000. This range is reinforced by two critical technical indicators: the 111-day simple moving average (SMA 111D), currently at $95,000, and the Short-Term Holder (STH) Realized Price, which sits at $91,000. These levels suggest that BTC is trading above historically significant support areas, where short-term holders have realized their profits or losses. While the long-term structure remains bullish, investors are growing impatient as BTC fails to reclaim key resistance levels. If Bitcoin can push above $100K in the coming days, analysts expect a rally into price discovery. However, losing support around $94K$95K could trigger increased selling pressure and a deeper correction into lower demand zones. Bitcoin Prepares For A Decisive Move Bitcoins recent consolidation phase has fueled speculation about a potential breakout, with many analysts suggesting that the market is witnessing the calm before the storm. While short-term direction remains uncertain, the long-term bullish structure remains intact, and many expect BTC to make a strong move toward new all-time highs soon. Crypto analyst Axel Adler shared key CryptoQuant data on X, highlighting that Bitcoin’s nearest support zone is forming around $91,000$95,000. This range is significant because it aligns with the 111-day simple moving average (SMA 111D) at $95,000 and the Short-Term Holder (STH) Realized Price at $91,000. These levels represent areas where short-term holders have historically realized profits or losses, making them crucial for maintaining bullish momentum. On the resistance side, Adler notes that Bitcoin faces a key supply zone between $98,000 and $101,000. This area is defined by the aggregate exit prices of holders with a holding period of one week to one month at $100,800 and those with a one- to three-month holding period at $98,200. Related Reading: Ethereum Forms A Bullish Pattern Expert Reveals Short-Term Price Target As BTC continues to trade within this narrow range, investors are closely watching these levels for a decisive breakout. A push above $101K could trigger a rally into price discovery. While losing support at $91K could lead to further downside. BTC Bulls Face A Big Test Bitcoin is trading at $95,600 after nearly two weeks of sideways movement within a narrow range, fluctuating less than 4% in either direction. This extended period of consolidation has left traders on edge, as they await a decisive move in either direction. For BTC to maintain its bullish structure, the $95,000 level must hold. This price point aligns with technical support, and a break below it could signal strong selling pressure. Bulls face a critical test at this stage, as they must defend this support and initiate a push above key resistance levels. To confirm a breakout, Bitcoin needs to reclaim the $98,000 mark and, ultimately, the psychologically significant $100,000 level. A successful move above these levels would provide the momentum needed to challenge all-time highs and re-enter price discovery. However, failure to hold $95K could trigger a downside move, with BTC potentially testing support zones closer to $91K. Related Reading: Dogecoin Pulls Back To The Golden Ratio Analyst Expects A Bullish Reversal As Bitcoin consolidates, traders remain cautious, watching for volume spikes and increased buying pressure to confirm the next price movement. The coming days will be crucial in determining whether BTC resumes its uptrend or faces further correction. Featured image from Dall-E, chart from TradingView
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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 Bitcoins 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 BTCs price. Featured image from Dall-E, chart from TradingView
After surpassing its $100,000 milestone, Bitcoin (BTC) recorded its largest retrace in the past month before recovering. Amid the flagship cryptos performance, some analysts have suggested the levels to watch and the next stops for BTCs rally. Related Reading: Ethereum To Pull A BTC 2021-Like Rally? Analyst Shares Massive Prediction Bitcoin Rally To Continue Above $100,000 On Thursday, Bitcoin hit its latest all-time high (ATH) of $103,600 in an 8% daily jump. The largest cryptocurrency by market capitalization broke out of a one-month bullish pennant and smashed past the $100,000 barrier for the first time in history. After the impressive surge, BTC retraced to the $98,000 mark before briefly plummeting to the $90,000 support zone. This 13% correction marks the largest drip for the flagship cryptocurrency since the post-election rally started a month ago and triggered around $1 billion in liquidations, its largest since August. Nonetheless, Bitcoin quickly recovered the $97,000-$98,000 price range, followed by a retest of the previous ATH levels around $99,000 on Friday morning. Renowned crypto analyst Ali Martinez noted that BTCs rally seemingly depends on a key support level. Martinez revealed the most significant support zone for Bitcoin was the $96,870 mark, where over 1.45 million addresses bought 1.42 million BTC. The analyst explained, As long as this demand zone holds, there is a good probability that BTC will continue marching higher. Moreover, he highlighted that the local Bitcoin top is not in yet, as these are usually reached around the Short-Term Holder Cost Basis +1 standard deviation. Per the analysts chart, this level stood at $112,926 at the time of the report, suggesting that BTC could jump another 13% before seeing the first major retrace. Will BTC Repeat Its 2017 Move? Crypto analyst Jelle pointed out that Bitcoin is still following the Q4 2023 fractal closely despite the dip. He suggested that now that the flagship crypto took out the liquidity on both sides, it would start pushing back to the $100,000 milestone. Jelle suggested that BTC would range until Christmas, when he forecasts the true breakout will happen if it continues following last years steps. Additionally, he noted that yesterdays $100,000 candle resembles BTCs candle when it first surpassed the $10,000 mark. In November 2017, Bitcoin rallied to $10,000 for the first time, hitting the $11,000 range before plummeting to $8,500. The following day, the largest crypto saw its price recover from the correction and retest the $10,000 barrier, finally turning it into support on the third day. After that, Bitcoin rallied around 90% in the next few weeks to the $19,000 2017 ATH. Based on this, the analyst suggests that the recent price volatility is totally normal and will push higher soon if it repeats history. Related Reading: Tron (TRX) Leads The Crypto Market With 100% Rally To New ATH, $0.5 Next? After the recovery, BTC successfully retested the bullish pennant, setting the stage for a six-figure price once and for all, Jelle stated, with the liftoff targeting the $130,000 level. As of this writing, the flagship crypto trades at $101,050, a 4.7% increase on the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Bitcoin has set a new all-time high (ATH) beyond the $104,000 mark during the past day, but on-chain data shows investors are still unwilling to sell. Bitcoin Exchange Netflow Has Remained Negative During Latest Rally As explained by an analyst in a CryptoQuant Quicktake post, Bitcoin has continued to leave exchanges recently. The on-chain metric of relevance here is the “Exchange Netflow,” which, as its name suggests, keeps track of the net amount of BTC that’s entering into or exiting out of the wallets attached to centralized platforms. Related Reading: Bitcoin 30-Day Trader Profits Back In Healthy Range, Is BTC Ready For $100,000? When the value of this metric is positive, it means the investors are making net deposits to the exchanges. As one of the main reasons why holders use these platforms is for selling-related purposes, this kind of trend can have a bearish implication for BTC. On the other hand, the indicator being negative implies there are a higher amount of exchange outflows happening than inflows. Such a trend can be a sign that the investors want to hold onto their coins into the long-term, which is something that can naturally be bullish for the asset’s price. Now, here is a chart that shows the trend in the Bitcoin Exchange Netflow over the last couple of years: As displayed in the above graph, the Bitcoin Exchange Netflow has observed significant negative spikes during the last month or so, suggesting some large withdrawals have occurred. This net outflow spree has come even though the cryptocurrency has observed a massive run to new ATHs. The chart shows that this wasn’t the case during the rally in the first quarter of this year. Outflows were happening back then for sure, but there were also notable net inflow spikes between them, implying that demand was present for selling the asset. The recent negative Exchange Netflow has maintained for Bitcoin through the latest rally beyond $100,000, a sign that investors are still unwilling to part with their BTC even at these high prices. Related Reading: Ethereum To $10,000: Analyst Reveals Mid & Long-Term ETH Targets If this trend continues, it’s possible that this run could still have more room to run. However, it remains to be seen how long holders can stay quiet. Generally, the higher the investor profits, the more likely they become to participate in a mass selloff. So, with Bitcoin continuing to perform well, it may only be a matter of time before a large profit-taking spree arrives. BTC Price Bitcoin has finally broken free of its recent consolidation phase with a more than 7% surge during the last 24 hours. The asset briefly broke above the $104,000 mark in this rally, but its price has since seen a minor pullback to $103,500. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Bitcoin has been consolidating below the $100,000 level for twelve consecutive days, marking a pause in its recent historic rally. The aggressive surge since November 5 appears to be cooling off, with market attention gradually shifting toward altcoins. Despite the slowdown, Bitcoin remains a cornerstone of market strength, holding firmly above the critical $90,000 support level. Related Reading: Dogecoin Whales Keep Buying DOGE Metrics Reveal Demand Remains Strong Key data from CryptoQuant highlights two significant outflows exceeding 8,000 BTC each from Coinbase in the past 24 hours, signaling sustained institutional interest and potential accumulation. These outflows suggest that major players remain optimistic about Bitcoins long-term trajectory, even as short-term price action steadies. As Bitcoin maintains its consolidation phase, the broader crypto market is poised for dynamic changes. Analysts are closely watching whether this stabilization period will pave the way for BTCs next leg upward or signal an opportunity for altcoins to take the spotlight. The next few days will be crucial in determining whether Bitcoin reclaims momentum or continues its current range-bound movement. Bitcoin Leading A Heated Market Bitcoin continues to lead the crypto market with remarkable gains, even as it halts just below the highly anticipated $100,000 level. The current pause in its rally has triggered a liquidity shift, gradually pumping capital into the altcoin market. However, analysts and investors anticipate that Bitcoin may slow down in the short term after its aggressive recent surge, providing an opportunity for other cryptocurrencies to shine. Metrics from CryptoQuant highlight notable activity on Coinbase, where two massive outflows, exceeding 8,000 BTC each, were recorded in the last 24 hours. A total of 19,487 BTC, valued at an average price of $96,043, was withdrawn in these transactions, amounting to approximately $1.87 billion. Such significant movements indicate the involvement of institutional players or whales who may be positioning themselves for Bitcoins next major move. Historically, market dips have followed similar outflows, as large transactions often signal profit-taking or redistribution of holdings. However, these transactions could also suggest growing confidence among major investors in Bitcoins long-term potential. Related Reading: XRP Reaches 6-Year High Whales And STH Accumulate Together If BTC maintains its position above $90,000 and demand continues to build, the market may see a renewed push toward six-figure territory in the weeks ahead. Price Levels To Watch Bitcoin is trading at $96,700, continuing a range-bound movement between $93,500 and $98,700 without establishing a clear direction. This consolidation follows a period of aggressive rallies, with BTC approaching but not yet surpassing its all-time high. Market participants are closely watching the $90,000 mark, which has proven to be a critical level of support. Holding above this level has been essential in signaling market strength and sustaining bullish momentum. If Bitcoin maintains its position above the $95,000 mark over the next few days, the likelihood of a breakout to new all-time highs becomes significantly stronger. A stable consolidation above this level would fuel buyers to push BTC past the psychological $100,000 barrier. Conversely, losing the $95,000 support would raise concerns, potentially prompting a test of the $90,000 level again. Should this key level fail, Bitcoin could experience a deeper correction with lower support zones. Related Reading: Cardano Could Be Heading For A 20% Correction Technical Data Signals Bearish Price Structure Bitcoin’s ability to remain above $95,000 will be crucial in determining its next move. Bulls are eyeing another upward push, while bears are looking for signs of exhaustion to capitalize on. Featured image from Dall-E, chart from TradingView
Bitcoin has entered a period of calm after a turbulent decline from $99,000 to $90,000 over just three days. Currently trading above $95,000, the leading cryptocurrency holds a pivotal level that will likely dictate its next move. This key zone will determine whether Bitcoin regains upward momentum or seeks lower-level liquidity to establish stronger support. Related Reading: XRP Reaches 6-Year High Whales And STH Accumulate Together Despite the recent volatility, market participants remain optimistic, as on-chain data provides fresh insights. According to CryptoQuant, a notable uptick in stablecoin transfer volumes has coincided with Bitcoins price action. This metric often signals increased purchasing power entering the market, a potential precursor to renewed buying interest in Bitcoin. As Bitcoin consolidates above $95,000, traders and investors closely monitor its ability to reclaim psychological resistance at $100,000. Conversely, losing support could push BTC to retest lower levels near $90,000 or even deeper liquidity zones. Bitcoin And Stablecoins: What They Have In Common? Bitcoin has achieved a remarkable milestone, staying less than 1% away from the coveted $100,000 mark, driven by a wave of institutional and retail buying. This historical rally reflects a growing global demand, with investors from various countries utilizing stablecoins to purchase BTC. Stablecoins have emerged as the preferred bridge, enabling seamless transactions across borders and currencies. According to CryptoQuant analyst Axel Adler, the recent surge in stablecoin transfer volumes coincided with Bitcoins price ascent. This trend highlights stablecoins’ significant role in providing liquidity and driving market momentum. Cash inflows through stablecoins create robust support for Bitcoins price, allowing it to maintain upward pressure even as it nears critical psychological levels. The correlation between stablecoin activity and Bitcoin price action offers valuable insights into market dynamics. Increased stablecoin transfers often signal heightened demand for Bitcoin, providing a reliable indicator of potential price movements. This interplay is particularly relevant in identifying periods of high buying pressure, as stablecoins facilitate quick and efficient market participation. Related Reading: Dogecoin Ready To Hit $1 Price Struggles To Break Above Major Resistance As Bitcoin approaches the $100,000 milestone, the continued influx of stablecoin-driven liquidity underscores the assets global appeal and resilience. Whether this momentum leads to a breakout above $100,000 or a period of consolidation, the role of stablecoins in fueling demand will remain pivotal in shaping Bitcoins price trajectory. BTC Price Nears Critical Zone Bitcoin currently holds above the crucial $95,000 level, a price that will play a decisive role in its short-term trajectory. This level acts as a psychological and technical support zone that could propel BTC toward the long-anticipated $100,000 milestone this week or delay the breakthrough until next year. For Bitcoin to breach $100K, the $95,000 level must hold for several days, allowing sufficient time to fuel demand and attract fresh liquidity. Sustained buying pressure around this range will likely enable BTC to break above the key psychological barrier, continuing its historic rally. However, the bullish momentum faces risks. A failure to hold the $95,000 level would expose BTC to a retest of $92,000, another critical support. Losing both levels could trigger a significant correction, sending Bitcoin to lower demand zones around $85,000 or sub-$ sub-$80,000. This move would sharply reverse its recent rally, shaking market confidence. Related Reading: Cardano Transactions Rise To Multi-Year Highs Metrics Support Bullish Outlook The coming days will be pivotal as traders watch for sustained support above $95,000. Bitcoins ascent to $100,000 could soon materialize if the bulls defend this level effectively. Otherwise, the market might brace for a deeper retracement before regaining its upward momentum. Featured image from Dall-E, chart from TradingView
Bitcoin delighted investors with a Christmas Eve surge, climbing from $92,300 to an intraday high of $99,400. The swift rally has reignited bullish sentiment as the price successfully held a critical demand level, signaling strength and positioning BTC to challenge the psychological $100,000 milestone. Market participants are now closely watching Bitcoins next move, anticipating continued momentum in the coming days. Related Reading: XRP Whales Keep Buying Data Reveals Smart Money Prepares For A Rally Top analyst Carl Runefelt shared a compelling technical analysis on X, highlighting Bitcoins formation of a symmetrical triangle on the hourly timeframe. This pattern often indicates a period of consolidation before a significant breakout, and Runefelt believes BTC is on the verge of such a move. A confirmed break above this triangle could propel Bitcoin into price discovery, unlocking further gains and marking a pivotal moment in its current market cycle. With strong demand levels providing support and technical patterns aligning for a potential breakout, Bitcoins path to $100,000 appears clearer than ever. However, traders remain cautious as volatility could still play a role in the short term. All eyes are on the leading cryptocurrency as it enters a critical phase, with investors eagerly awaiting confirmation of a new leg in its historic bull run. Bitcoin Looks Ready To Rally Again Bitcoin appears primed for another rally into price discovery, maintaining a bullish structure after holding critical demand levels. This resilience underscores the market’s confidence in BTC’s ability to reclaim the $100,000 mark and push higher, with both analysts and investors closely monitoring its price action for confirmation. Top analyst Carl Runefelt recently shared an insightful technical analysis on X, highlighting a symmetrical triangle pattern on Bitcoin’s hourly chart. Symmetrical triangles often indicate a period of consolidation before a breakout, and Runefelt suggests that BTC is poised to break upward. He further identified $100,700 as a key level; surpassing it would signal strong bullish momentum, potentially driving Bitcoin to new all-time highs. Conversely, he cautioned that a drop to $95,200 would signal weakness, indicating a bearish turn in the short term. Runefelts analysis aligns with market sentiment, as many traders view Bitcoin’s current consolidation as a precursor to significant upward movement. If BTC confirms a breakout above the triangle, it could trigger a surge of buying activity, driving the price into uncharted territory. However, a failure to sustain momentum above critical levels may lead to heightened volatility, challenging Bitcoins bullish outlook. Related Reading: If History Repeats Dogecoin Has Potential For A Parabolic Rally Details For now, the leading cryptocurrency holds steady, with all eyes on the pivotal $100,700 mark. If Bitcoin successfully breaks this resistance, it could ignite the next phase of its bull run, reaffirming its position as the dominant force in the crypto market. Price Action: Key Levels To Watch Bitcoin is currently trading at $98,400, marking a notable 7% surge from its recent local lows of $92,000. This recovery highlights renewed bullish momentum, with the price reclaiming the critical 4-hour 200 EMA, a key indicator of short-term strength. BTC now faces a significant hurdle as it attempts to push above the 4-hour 200 MA, which sits at $98,470. Reclaiming the 200 MA would confirm Bitcoins bullish trajectory, potentially igniting aggressive buying activity to propel the price above the psychological $100,000 mark. Breaking this level would not only reinforce market confidence but could also trigger further upside momentum, pushing BTC into new all-time highs. Related Reading: Solana Holds Weekly Support At $180 Analyst Expects $330 Mid-Term On the flip side, failure to reclaim the 200 MA could result in Bitcoin consolidating below $100,000. This would likely lead to a period of sideways price action, with traders awaiting fresh catalysts to determine the next move. Featured image from Dall-E, chart from TradingView
Bitcoin experienced a highly volatile trading session yesterday, with prices swinging between $92,300 and $96,420 throughout the day. The cryptocurrency now hovers near the $93,000 mark, struggling to establish a clear direction in the short term. As market participants await decisive action, uncertainty looms over whether Bitcoin will sustain its bullish structure or face a deeper correction. Related Reading: If History Repeats Dogecoin Has Potential For A Parabolic Rally Details CryptoQuant analyst Axel Adler recently shared valuable insights, highlighting a significant trend among short-term holders (STH). According to Adler, these investors continue to sell their coins at high-profit margins, capitalizing on Bitcoins recent upward momentum. While profit-taking is a natural part of market cycles, the lack of consistent demand to absorb this selling pressure could challenge Bitcoins price stability. If demand fails to match the pace of active profit-taking, a local correction could occur, potentially leading to a decline in Bitcoins price. This delicate balance between profit-taking and market demand makes the coming days critical for determining Bitcoins next move. Will buyers step in to support the price, or will selling pressure lead to a deeper retrace? Investors and analysts are watching closely as Bitcoin navigates this pivotal moment. Bitcoin Demand Levels Responding Bitcoin has faced days of intense volatility as it struggles to break above the $100,000 psychological barrier while holding firm above the $92,000 support. The market remains in a state of flux, with investors and analysts closely monitoring Bitcoin’s next move. Despite the uncertainty, Bitcoins resilience at these key levels highlights the ongoing tug-of-war between bullish and bearish forces. Top analyst Axel Adler recently shared an insightful analysis on X, shedding light on the behavior of short-term holders (STHs). According to Adler, STHs are actively selling their coins at high profit margins, taking advantage of the recent price surges. While profit-taking is a normal part of market cycles, a lack of consistent demand to counter this selling pressure could lead to a local correction and a potential price decline. However, in the event of a price drop, STHs are unlikely to continue selling their holdings, as selling at a loss in a bull market is often considered an unwise move. This dynamic could provide Bitcoin with the breathing room needed to stabilize at its key support levels, currently around the $90,000 mark. Related Reading: Solana Holds Weekly Support At $180 Analyst Expects $330 Mid-Term If Bitcoin successfully holds above $90,000, a period of consolidation around this level could create the foundation for the next rally, potentially propelling BTC to new all-time highs. The coming days will be critical in determining whether Bitcoin continues its ascent or faces a temporary setback. BTC Holding Above $90K Bitcoin is trading at $93,800 after enduring days of selling pressure and market uncertainty. Despite holding above key support at $92,000, the loss of both the 4-hour 200 moving average (MA) and exponential moving average (EMA) is a short-term bearish signal. These indicators, often viewed as gauges of market momentum, suggest that Bitcoin may need additional demand to regain upward traction. For bulls to reclaim control and ignite a fresh rally, Bitcoin must recover these critical levels. The 4-hour 200 MA at $96,500 and the 4-hour 200 EMA at $98,500 are essential hurdles. Successfully pushing above these thresholds and securing a decisive close beyond them would confirm renewed bullish momentum. Related Reading: Ethereum Whales Bought $1 Billion ETH In The Past 96 Hours Details If Bitcoin achieves this feat, the stage could be set for a massive rally into price discovery, breaking through psychological barriers like $100,000 and paving the way for new all-time highs. On the flip side, failing to reclaim these indicators might signal extended consolidation or a potential retest of lower support levels. Featured image from Dall-E, chart from TradingView
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