Analysts forecast $200K+ Bitcoin price after BTCs bullish momentum returns

Bitcoins decisive move above $65,000 and miners' return to deep profitability could lead to BTC hitting $220,000.

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Bitcoin Consolidates Below ATH Buying Pressure Weakens As Equities Outperform

Bitcoin is facing growing risks of a pullback as bullish momentum begins to fade near key resistance. After weeks of impressive gains, BTC is now consolidating in a tight range just below its all-time high, with buyers struggling to push the price into price discovery. This ongoing indecision has raised concerns among traders and analysts, who are closely watching for signs of either a breakout or a deeper retracement. Related Reading: Ethereum Multi-Year Consolidation Could Spark A Parabolic Move Details Crypto analyst Daan offered a broader perspective on the situation, noting that Bitcoin initially surged in response to the recent tariff-related tensions, significantly outperforming equities in the process. However, as trade uncertainty began to ease and traditional markets regained momentum, Bitcoin lost steam and failed to follow through. While stocks continued their uptrend, BTC stalledan unusual divergence that suggests caution may be creeping back into the crypto space. With the price now hovering around the $103K mark and key resistance near $105K remaining untouched, bulls must act decisively to reclaim control. A failure to do so could trigger a larger correction, especially if macro conditions shift or equity markets show renewed weakness. For now, all eyes are on the range and which side breaks first. Bitcoin Bulls Eye Breakout But Caution Grows Near Resistance Bitcoin is just 5% away from its all-time high of around $109,000, trading near $103K as bulls attempt to reclaim momentum. After weeks of strong upward movement and consolidation above key levels, many analysts believe BTC is preparing for a decisive breakout. If price can clear the $105K resistance, it could trigger a new leg into price discovery and signal the start of a powerful bull phase. However, selling pressure at current levels remains strong. Bitcoin has struggled to break higher, and some traders see this consolidation as a sign of potential exhaustion. Daan offered insights on the recent behavior, noting that BTC surged sharply following the tariff-related macro drama, outperforming equities in the process. Yet, as some trade uncertainty faded, stocks kept climbing while BTC stalled near resistance. Daan considers $90K his line in the sand for long-term spot exposure. If Bitcoin were to drop below that mark, it would suggest a structural breakdown that hasnt occurred during this cycle. For now, he remains cautiously bullish while BTC stays above that level, but admits the risk-reward was more attractive when BTC was 2030% cheaper. He also warns that if equities correct after their aggressive ralliesmany stocks have surged 3050% in a single monthit could drag Bitcoin lower in a short-term flush. With BTC showing relative weakness near resistance, the next move will be critical for confirming either continued upside or the start of a broader pullback. Related Reading: Dogecoin Whales Accumulate 1 Billion DOGE In A Month: Fueling Price Surge Speculation Tight 4H Range Signals Imminent Price Breakout The 4-hour chart shows Bitcoin consolidating tightly between $105,700 resistance and $100,700 support, creating a narrow range that suggests a strong move is imminent. Price has been ranging sideways for several days, with multiple failed breakout attempts above $103,600. This level continues to act as a key barrier for bulls. Notably, Bitcoin remains above both the 200 EMA ($96,121) and the 200 SMA ($94,622), reinforcing the medium-term bullish structure. Momentum is neutral in the short term, as shown by the indecisive price action and declining volume. However, the trend remains intact as long as BTC holds above $100,000 the psychological and technical line in the sand. If price breaks above $103,600 with volume, it could trigger a move toward the $105,000$109,000 range and initiate a push into price discovery. On the other hand, failure to hold this support zone could open the door for a quick flush to retest the $98,000$96,000 area, where the moving averages align. Related Reading: Solana Sees Renewed Demand As Capital Flows Turn Positive Details Traders should watch for a clear breakout or breakdown, especially as moving averages and prior highs converge. This tight setup rarely lasts long, and a decisive move could define Bitcoins trend for the rest of the month. Featured image from Dall-E, chart from TradingView

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Tether mints another $1B Last time, it helped Bitcoin climb to $73K

Bitcoin has flipped its old resistance into support as USDTs market cap continues to grow rapidly in 2024.

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M2 money supply holds the key for Bitcoins next move Market analyst

The growth of the money supply is historically correlated with previous Bitcoin price bull runs.

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Bitcoin 4H Chart Shows Bullish Consolidation Classic Continuation?

Bitcoin is trading confidently above the $100,000 mark, having recently marked a local high near $104,300. After months of choppy action and uncertainty, bulls are now firmly in control, reigniting momentum across the broader crypto market. As BTC retests key supply levels last seen near the previous all-time high, optimism is building that this breakout could be the beginning of a sustained move higher. Related Reading: Bitcoin Whale Entry Prices Diverge Sharply Confidence Builds At Higher Levels The entire market appears to be waking up, with altcoins following Bitcoins lead and liquidity flowing back into risk assets. Traders are watching closely to see if BTC can maintain this strength and convert $100K into solid support. Top analyst Big Cheds shared a technical update highlighting the current 4-hour chart structure, noting that BTC is exhibiting a bullish consolidation. This pattern typically signals continuation, as price compresses just below resistance before attempting a breakout. With no signs of exhaustion yet, the setup suggests that Bitcoin may have more room to run, especially if bulls can maintain momentum through the weekend. Bitcoin Tests Key Resistance Amid Bullish Momentum Bitcoin has surged with strength over the past few days, breaking through multiple resistance levels and reclaiming the $100K mark with conviction. Now trading near $104,000, BTC is facing a critical resistance zone that could determine whether the rally continues toward new all-time highsor pauses for consolidation. This level coincides with the upper boundary of a previous supply zone and has become a focal point for both bulls and bears. While price action remains clearly bullish, macroeconomic conditions still pose risks. Persistent global uncertainty, concerns about inflation, and tight monetary policies from central banks could weigh on risk assets in the short term. If sentiment shifts or external shocks hit the market, Bitcoin may experience a pullback despite the strong structure it’s built recently. Cheds offered insights into Bitcoins current setup, highlighting that the 4-hour chart is showing a high and tight bullish consolidationa classic continuation pattern. According to Cheds, this formation reflects strength, as BTC consolidates at elevated levels rather than pulling back, suggesting that buyers remain in control and are absorbing any sell pressure. If Bitcoin can push above the $104K mark with volume, the next logical target would be a retest of the previous all-time high around $109K. However, traders should remain cautious. Despite the bullish technical setup, short-term volatility and external market risks could lead to sudden reversals. For now, Bitcoin holds a bullish bias, and as long as it continues consolidating above $100K, the case for a continuation higher remains intact. The next few sessions will be crucial in determining whether BTC has the strength to break out or needs more time to build. Related Reading: Ethereum Breaks Key Resistance In One Massive Move Higher High Confirms Momentum Price Analysis: Forming A Bullish Structure Bitcoin is currently trading just above $103,000, consolidating after tagging the $104,300 level earlier in the day. The price action confirms that bulls are firmly in control, having reclaimed the $100K level with strength and cleared multiple layers of resistance. However, the chart shows that BTC is now testing a major supply zone between $103K and $103.6K a level that previously acted as resistance in January and February. Volume has spiked in recent days, signaling strong demand behind this breakout. Still, the latest candle shows a long upper wick, hinting at some short-term selling pressure as BTC faces overhead resistance. If bulls manage to push above $103.6K with sustained volume, a breakout toward the $109K all-time high could follow. Related Reading: Cardano Approaches Critical Resistance Break Above Could Trigger Move To $0.80 On the downside, the $100K level now acts as immediate support. Below that, the $95K and $90K zones previously consolidation areas could offer additional structural backing. The daily 200-day simple moving average (SMA) at $91,227 and the 200-day exponential moving average (EMA) at $87,004 remain well below the current price, reinforcing the strong bullish trend. Featured image from Dall-E, chart from TradingView

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Bitcoin Could Could Gain Momentum For A Move To $150,000 If Bulls Reclaim This Level Details

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, Bitcoins 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 Fridays 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 Bitcoins 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 Trumps 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 Bitcoins short-term direction. Whether BTC stabilizes above $90K or faces another leg down will shape the markets momentum in the coming weeks. Featured image from Dall-E, chart from TradingView

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Bitcoin Futures Data Shows Bullish Long/Short Ratio Details

Bitcoin continues to trade within a tight range, consolidating below the $85,000 mark and holding above the $81,000 support zone. Bulls are making efforts to reclaim higher levels and spark a recovery rally, but persistent macroeconomic uncertainty and growing concerns over global trade tensions continue to weigh on market sentiment. Related Reading: Whales Accumulate Over 120 Million Dogecoin In Past Week Analyst The lack of momentum in either direction has left Bitcoin range-bound for the past several sessions. However, optimism remains among futures traders. According to recent data, 60.52% of traders with open Bitcoin positions on Binance Futures are currently holding long positions, suggesting a majority still believe in an upside breakout. This bullish leaning among leveraged traders highlights growing expectations that Bitcoin could recover once broader market sentiment improves. Still, the consolidation pattern remains in place until BTC can break decisively above the $85K level and target $88K or higher. If bulls fail to reclaim resistance soon, the risk of a breakdown below $81K increases, potentially triggering a deeper correction. As uncertainty dominates headlines, Bitcoin remains at a crossroads, and traders continue to watch closely for a catalyst to drive the next major move. Bitcoin Investors Split On Market Direction As Long Positions Dominate Futures After months of volatility and a sharp correction from Bitcoin’s January all-time high, some market participants are preparing for a prolonged bear market. Sentiment among this group is driven by persistent macroeconomic uncertainty, erratic global policy shifts, and rising concerns of recession, all of which have shaken confidence across both crypto and traditional markets. However, a more optimistic view persists among analysts who argue that the current price action is simply a healthy correction within a larger bull cycle. They believe that Bitcoin is undergoing a standard consolidation phase following its parabolic move in late 2024. The structural fundamentals supporting Bitcoinincluding growing institutional interest and broader adoptionremain intact. Supporting this view, top analyst Ali Martinez shared a key metric on X: the Bitcoin Long/Short Ratio on Binance Futures. Martinez revealed that 60.52% of traders with open BTC positions are currently leaning long, signaling a bullish sentiment among futures traders. This bullish skew in leveraged positions suggests that a potential breakout may be on the horizon. If bulls can reclaim resistance levels near $88K and push above the $90K mark, it could confirm the start of a recovery rally and help restore confidence. Related Reading: Cardano Indicator Flashes Buy Signal On 4-Hour Chart Rebound Ahead? Until then, indecision continues to dominate the market, and Bitcoin remains trapped in a tight range where both scenariosa deeper correction or a bullish breakoutremain on the table. BTC Price Range Narrows As Key Resistance Holds Strong Bitcoin (BTC) is trading at $84,200 after several days of tight consolidation between the $87,000 resistance and the $81,000 support level. Despite recent attempts to push higher, bulls have struggled to break through key resistance, leaving the price range bound and vulnerable to sudden volatility. Currently, BTC sits approximately 4% below the 4-hour 200-day Moving Average (MA) and Exponential Moving Average (EMA). These indicators, now acting as dynamic resistance around $87,300, are widely watched by traders as crucial short-term trend signals. Reclaiming this zone as support could be the catalyst for a recovery rally toward the $90,000 mark, helping shift sentiment back in favor of the bulls. Related Reading: Investors Withdraw 360,000 Ethereum From Exchanges In Just 48 Hours Accumulation Trend? However, the failure to break above this technical ceiling raises concerns. If price action remains weak and fails to retake the 200 MA and EMA in the coming sessions, the likelihood of a drop below the $81,000 support increases. Such a move would not only trigger fresh selling pressure but could also send BTC into deeper correction territory. Featured image from Dall-E, chart from TradingView

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Bitcoin Lost And Retested The 200-Day MA As Resistance Heres What Happened Last Time

Bitcoin is trading below crucial support levels after massive selling pressure swept through the market. Since late January, BTC has lost over 29% of its value, fueling fear and uncertainty among investors. With global trade war fears intensifying and volatile macroeconomic conditions shaking the crypto and U.S. stock markets, traders are bracing for further downside risk. Related Reading: Bitcoin Drops Below 200-Day MA Next Key Support Lies At $66K According To Mayer Multiple Market sentiment remains overwhelmingly bearish as Bitcoin fails to hold key technical levels. Crypto analyst Daan shared a technical analysis on X, revealing that BTC has broken below the Daily 200-Moving Average (MA) and has now retested it as resistance. Historically, this pattern signals a continuation of bearish price action, indicating that BTC could see more downside in the coming weeks. With Bitcoin struggling to regain momentum, the markets next major move will depend on whether bulls can reclaim lost ground or if further selling pressure will drive BTC toward lower support levels. As uncertainty grows, investors remain cautious, waiting for clear signals before making significant moves. The coming days will be crucial in determining whether Bitcoin can stabilize or if the current downtrend will continue. Bitcoin Downtrend Deepens as Bears Maintain Control Bitcoin has remained in a persistent downtrend since late January, with fear continuing to set lower price targets among investors. Many now question whether the BTC bull cycle is over, as selling pressure intensifies and market sentiment turns increasingly bearish. The uncertainty surrounding macroeconomic conditions has fueled this decline, with volatility increasing since the U.S. elections in November 2024. Given the ongoing trade war fears and unstable global markets, it appears that this period of uncertainty will continue to weigh on Bitcoins price action. Crypto analyst Daan recently shared technical insights on X, highlighting that BTC has lost the 200-day moving average (MA) and has now retested it as resistance. This signals that bears remain in control, and bulls have a lot of work to do to reclaim this level. According to Daan, Bitcoin experienced a similar scenario last year, where price action chopped around these levels for over three months before breaking out. If history repeats itself, BTC could be entering another extended consolidation phase, keeping prices range-bound for months. Related Reading: XRP Flirts With A Daily Range Breakdown Price Must Hold Above $2 Level However, if bulls fail to reclaim the 200-day MA/EMA, further downside could follow, bringing Bitcoin to even lower price levels. With bears still in control, the market remains highly fragile, and investors are watching closely to see whether BTC can stabilize or if another major drop is on the horizon. The next few weeks will be critical as Bitcoin either finds a foothold or continues deeper into bearish territory. Bitcoin Stuck Between $80K and $85K as Fear Continues Bitcoin (BTC) is currently trading between $80,000 and $85,000, struggling to reclaim key price levels amid growing panic selling and fear. With selling pressure dominating the market, investors remain uncertain about Bitcoins next move as bulls fail to push BTC into a recovery phase. For a bullish reversal, BTC must hold above $80,000 and reclaim the $86,000 level, which would signal renewed buying interest and possibly set the stage for a stronger uptrend. However, Bitcoin may enter a sideways consolidation phase below $90,000$88,000, prolonging the uncertainty and keeping price action choppy for weeks. Related Reading: Bitcoin Could Rally Above ATH To $128K On-Chain Indicator Signals Potential Recovery If BTC fails to defend the $80K level, the risk of a deeper correction increases, potentially pushing prices below critical support zones. A breakdown below $80K could trigger another wave of selling, sending BTC toward lower demand levels and extending the current bearish market structure. Traders remain cautious, closely watching whether Bitcoin can stabilize or if another major decline is ahead. Featured image from Dall-E, chart from TradingView

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Bitcoin Drops Below 200-Day MA Next Key Support Lies At $66K According To Mayer Multiple

Bitcoin (BTC) is under severe selling pressure, having lost the $85,000 level just a few days ago. This breakdown has pushed the market to its lowest levels since November 2024, increasing fear and uncertainty among investors. The entire crypto market has been struggling, weighed down by negative macroeconomic conditions and an overall shift in risk-off sentiment. Related Reading: Charts Reveal Cardano Holds Key Support Zone Staying Above Could Set The Next Move U.S. President Trumps policies have added to the volatility and instability, as rising global trade war fears and erratic economic decisions continue to rattle investors. The U.S. stock market has dropped to its lowest point since September 2024, further fueling concerns that broader financial markets are weakening, dragging Bitcoin and other cryptocurrencies down with them. According to Glassnode data, the Mayer Multiplier suggests that the next key support level for Bitcoin sits at $66,000. If the current sell-off continues, BTC could test this level in the coming weeks, marking a significant correction from its recent highs. With Bitcoin at a crucial point, traders and investors are closely watching whether BTC can stabilize and reclaim key levels or if further downside is ahead. The coming days will be critical for Bitcoins short-term outlook. Bitcoin Struggles Below 200-Day MA Bitcoin has been in a consistent downtrend since late January, with fear dominating investor sentiment. Many now believe that the bull cycle is over, as BTC continues to set lower highs and break key support levels. With selling pressure mounting, the market remains under bearish control, and lower targets are being set by cautious investors. Related Reading: Bitcoin Could Rally Above ATH To $128K On-Chain Indicator Signals Potential Recovery Since the U.S. elections in November 2024, macroeconomic uncertainty and volatility have been major drivers of the market. The rise in global trade tensions, erratic economic policies, and shaken investor confidence have all contributed to Bitcoins extended correction. With U.S. stock markets also struggling, Bitcoin has failed to find the momentum needed for a recovery. Top analyst Ali Martinez shared insights on X, highlighting that Bitcoin is now trading below the 200-day moving average, a key technical indicator that often signals long-term trend direction. According to the Mayer Multiple, the next major support level sits at $66,000. If BTC fails to stabilize above current levels, further selling pressure could send Bitcoin toward this lower support zone in the coming weeks. For Bitcoin to reverse its downward trend, bulls must reclaim the 200-day MA around $83,500. A break and hold above this level would indicate strength returning to the market and could prevent further downside. However, if BTC fails to regain momentum, fear and uncertainty will continue to drive prices lower, making the next few weeks crucial for Bitcoins market structure. Investors are closely watching price action as Bitcoin remains at a critical point that could define its mid-term trend. BTC Eyes $85K For Recovery Bitcoin is currently trading at $81,700 after losing the 200-day Moving Average (MA) at $83,450, a key technical level that previously supported its bullish momentum. With BTC now trading below this critical indicator, the market remains under bearish pressure, and traders are closely watching for signs of a potential reversal. For bulls to regain control, BTC must reclaim the $85,000 mark in the coming days. A strong push above this level would indicate renewed buying interest, potentially setting the stage for a recovery rally. However, if BTC fails to break above $85K, the market could see further downside pressure. Related Reading: Cardano Bulls Eye $10 Target Analyst Reveals Key Levels To Break If BTC drops below the $80,000$78,000 range, it will increase the likelihood of a decline toward the next major support levels at $75,000$72,000. Such a move would reinforce bearish sentiment, delaying any chances of a meaningful recovery in the near term. The next few trading sessions will be critical, as Bitcoin remains in a vulnerable position where either a reclaim of key levels or a deeper correction is imminent. Featured image from Dall-E, chart from TradingView

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Vaneck CEO Predicts Bull Cycle for Bitcoin and Gold — Expects Fed Tightening to End Soon

The CEO of investment management firm Vaneck has predicted a bull cycle for gold and bitcoin. “We are at the very beginnings of what could be a several-year cycle in gold, and I also put bitcoin in that category as well,” the executive said, adding that the Federal Reserve is “close to the end of [...]

The post Vaneck CEO Predicts Bull Cycle for Bitcoin and Gold — Expects Fed Tightening to End Soon appeared first on Crypto Breaking News.

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On-Chain Metrics Reveal The Most Critical Resistance For Bitcoin Can BTC Break $97.5K?

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

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Bitcoin Price Forecast: Analyst Predicts $100,000 Peak Before Halving Event

Crypto analyst Adam Back believes there is a chance Bitcoin (BTC) could hit the $100,000 price mark ahead of the halving event in April. This prediction comes as Bitcoin continues its recovery from a rather bearish January. Data from the price tracking site, CoinMarketCap, reveals that BTCs price gained by 11.02% in the last week, moving into the $47,000 zone.  Related Reading: Crypto Analyst Says Bitcoin At $100,000 Not Far Off, Heres When Dual Bull Cycle? Analyst Forecasts Bitcoin Bull Run Pre-Halving In a post on X on February 10, Adam Back shared a Bitcoin price forecast in which he predicted the digital asset to attain a new all-time high (ATH) price before the much-anticipated halving event on April 12, 2023. Back based his projections on Bitcoins historical price data stating that just like on Friday, BTC crossed the $47,000 mark on October 1, 2021, in what would be a 41-day journey to its current ATH of $69,045.  1st oct 2021 #bitcoin crossed $47k like yesterday, then on it’s way to the $69k ATH. that run-up took 41 days. there are 70 days to the halving. just another data point for what it looks like, and how we may yet get a new ATH or even $100k before the halvening. pic.twitter.com/jmtQIHcenR Adam Back (@adam3us) February 10, 2024 The analyst explained that he anticipates that BTC will maintain its present upward trajectory, embarking on a bull run to possibly notch a new ATH within the next 70 days leading up to the Bitcoin halving event. Backs price prediction comes across as somewhat unique as, historically, the Bitcoin bull run usually occurs months after the halving event.  However, the crypto analyst explains in subsequent responses to certain X users that he anticipates the recent launch of the Bitcoin spot ETFs to induce a bull run before the halving event. Following a rather rocky launch, the Bitcoin spot ETF market appears to have finally found its expected rhythm, with consistent positive net inflows recorded throughout last week.  Notably, on Friday, the budding ETF market experienced a total net inflow of $541.5 million, second only to the $655.3 million recorded on the first trading session on January 11. In addition, Grayscales GBTC continues to see a consistent decline in outflows recording a new low of $51.8 million.  Adam Back predicts that a consistent development of the Bitcoin spot ETF market over the next few weeks could trigger a bull run pre-halving, causing the asset to potentially reach the $100,000 price mark. In addition, the analyst supports Bitcoin still to repeat its bull run months after the halving event, painting a dual bull cycle.  Related Reading: Can Bitcoin Overcome Past Trends? Examining The Pre-Halving Rally And Resistance Levels BTC Price Overview At the time of writing, Bitcoin trades at $47,716, reflecting a 0.88% gain in its price over the last day. However, the tokens daily trading volume is down by a staggering 59.68% and is valued at $15.92 billion. Meanwhile, BTC continues to dominate the crypto market with the largest asset market cap of $936.17 billion. BTC trading at $47,668 on the daily chart | Source: BTCUSDT chart on Tradingview.com Featured image from Forbes, chart from TradingView

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A 20%-30% Correction Is The Most Bullish Thing That Could Happen To Bitcoin Analyst

Bitcoin is navigating turbulent waters as its price continues to slide, searching for a stable support level amid growing uncertainty. The current downward momentum has sparked concerns among investors and analysts, with many questioning whether Bitcoin has reached its cycle top. Sentiment in the market has shifted dramatically, with fear replacing the once euphoric optimism that drove the cryptocurrency to recent highs. Related Reading: Chainlink Is Forming A Head-And-Shoulders Pattern Confirmation Could Take LINK To $14 Despite the unease, crypto analyst Ali Martinez offers a more optimistic perspective on the situation. In a recent analysis shared on X, Martinez suggested that a 20% to 30% correction could actually be the most bullish outcome for Bitcoin at this stage. He highlights how such pullbacks have historically set the stage for stronger rallies by shaking out weaker hands and allowing the market to reset before resuming its upward trajectory. As Bitcoins price action teeters on the edge of a potential breakdown, all eyes are on the key support levels that could determine the next move. Will Bitcoin confirm the fears of a cycle top, or will a healthy correction provide the foundation for the next leg of its rally? The coming weeks will be crucial in shaping the narrative for the worlds leading cryptocurrency. Bitcoin Correction Looms  Bitcoin appears on the verge of entering a critical correction phase, with the $92K level emerging as the line in the sand. Analysts and investors are increasingly concerned that a drop below this thresholdand potentially the $90K markcould trigger a wave of selling pressure, driving the price into sub-$80K territory. The growing fear has cast a shadow over Bitcoin’s bullish narrative as many brace for potential downside risks. Related Reading: ONDO Faces 30% Correction Risk If It Loses $1.46 Support Top Analyst However, not everyone sees this potential correction as bearish. Martinez offers a contrarian viewpoint, suggesting that a 20% to 30% correction could be the most bullish outcome for Bitcoin within the context of a bull trend. Martinez presented a compelling chart showcasing every Bitcoin correction exceeding 20% during past bull markets. His findings reveal that each of these corrections acted as a reset for the market, shaking out weaker hands and paving the way for stronger rallies. Martinez emphasizes that corrections are a natural and healthy component of Bitcoins price cycles, especially during bull runs. By allowing the market to recalibrate, they set the stage for sustained upward momentum. If Bitcoin does experience a significant pullback, it could be the precursor to a more robust and prolonged rally in the coming months. BTC Testing ‘The Last Line Of Defense’ Bitcoin is currently trading at $94,500, grappling with sustained selling pressure and bearish price action. The market sentiment has shifted significantly in recent days, with fears of a deeper retracement gaining traction among analysts and investors. Many believe that if Bitcoin loses the $92,000 mark, it could open the door for an accelerated decline. The $90,000 level is emerging as the critical support zone that Bitcoin must hold to maintain its bullish outlook. This level represents a psychological and technical barrier that could determine the cryptocurrency’s trajectory in the weeks ahead. If BTC manages to stay above $90K, analysts anticipate a strong recovery that could reignite bullish momentum and lead to a push toward previous highs. Related Reading: Ethereum Price Setting For a Big Move Breakout Or Downturn? However, the stakes are high. A decisive break below the $90,000 level would likely exacerbate selling pressure, driving Bitcoin into deeper correction territory. In such a scenario, prices could fall as low as $75,000, marking a significant pullback from recent highs. Featured image from Dall-E, chart from TradingView

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Bitcoin Is Forming A Symmetrical Triangle Can BTC Reclaim $100K?

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

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Bitcoin Breaks ATH Pushing Back Into Price Discovery BTC To $130K?

Bitcoin has shattered its all-time high, reaching $106,500 just a few hours ago, setting the stage for an even bigger move. After trading in a sideways range within an ascending triangle for weeks, the price finally broke through the crucial $103,600 resistance level established on December 5. This breakout has sparked renewed excitement, with traders and investors now eyeing Bitcoins next potential targets. Related Reading: Ethereum Forming A Symmetrical Pattern Key Resistance At $4,100 Top analyst Jelle shared his insights on X, highlighting that Bitcoins breakout from the ascending triangle is a clear bullish signal. According to his technical analysis, the pattern indicates significant upside potential, with Jelle setting a $130,000 price target for BTC in the coming weeks. He noted that the breakout marks a shift in market sentiment, paving the way for sustained momentum as Bitcoin continues its climb. This milestone solidifies Bitcoins dominant position in the crypto market as the leading asset, attracting attention from both retail and institutional investors. Now, the focus turns to whether BTC can maintain its bullish momentum and how quickly it might reach the $130,000 target. The market awaits the next move, with analysts emphasizing the importance of Bitcoin holding above its previous resistance to sustain this historic rally. Bitcoin Price Remains Strong  Bitcoin has been consolidating around the $100,000 mark since late November, creating a tense atmosphere among investors who are now speculating about a potential correction. Despite this, Bitcoin’s price action remains firmly bullish, with consistent support above key levels, suggesting that the uptrend is far from over. The consolidation phase, while uneventful on the surface, often sets the stage for significant moves. Top analyst Jelle recently shared his technical analysis on X, highlighting that Bitcoin has broken out of an ascending triangle formationa bullish continuation pattern that signals further upside potential. Following this breakout, Bitcoin has re-entered price discovery, pushing beyond its previous all-time high and igniting fresh excitement among market participants. Jelle has set an ambitious $130,000 target for Bitcoin, emphasizing that the breakout could accelerate the assets momentum in the coming weeks. As Bitcoins rally progresses, the broader market dynamics are likely to shift, with altcoins historically following BTCs lead during bull runs. Analysts and investors anticipate that once Bitcoin resumes its climb, the altcoin market will respond with its own significant gains, marking the start of another euphoric phase for the crypto space. Related Reading: AAVE Dominates DeFi Lending Metrics Reveal 45% Market Share For now, all eyes remain on Bitcoin, with its ability to sustain above $100,000 and break through resistance levels like $103,600, which is critical for maintaining its bullish trajectory. Testing Fresh Supply Into Price Discovery Bitcoin is trading at $105,100 after reaching a new all-time high at $106,533 earlier today. The price broke above the critical $102,200 resistance, a level that had previously capped upward movements. This breakout has reignited bullish momentum, signaling that Bitcoin could be on track for even higher prices. For the rally to sustain, the $102,200 level must now act as support, providing a solid foundation for the next leg up. If Bitcoin holds above this level, traders anticipate continuing toward higher targets, with $110,000 and beyond within reach. However, market volatility remains a concern. A loss of the psychological $100,000 mark could signal underlying weakness, leading to a potential correction. In such a scenario, BTC might retrace to test lower demand zones, possibly around $95,000, before finding renewed support. Related Reading: ONDO Exchange Inflows Grow Volatility Ahead? Despite the risks, Bitcoins bullish structure remains intact as long as key levels hold. The breakout above $102,200 highlights strong buying interest, and many analysts believe this could be the start of an extended rally. However, the next few days will be crucial in determining whether Bitcoin can maintain its momentum or if it will face a short-term pullback. For now, the market is closely watching for Bitcoin’s next move. Featured image from Dall-E, chart from TradingView

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Bitcoin Stuck Between $99K And $102K Analyst Explains Macro Situation

Bitcoin has remained range-bound between $99,000 and $102,000 since breaking above the psychological $100,000 level. While the breakout initially sparked excitement among investors, the current price action reflects market indecision, with no clear direction for the weeks ahead. Concerns about a potential correction linger as the broader market awaits stronger signals to confirm the next trend. Related Reading: Solana To New ATH Before Christmas Analyst Expects $300 Soon Top analyst Axel Adler recently shared insights on X, supported by data from CryptoQuant, highlighting two crucial support levels at $90,000 and $93,000. These levels represent key demand areas, underscoring that the market floor has moved highera positive sign of resilience even amid the uncertainty. According to Adler, these supports could act as safety nets, absorbing selling pressure if Bitcoin fails to sustain its momentum above $100,000. Despite the hesitation, Bitcoins ability to hold above $100,000 for consecutive days has provided some optimism among investors. It remains uncertain whether the market will break out of its current range to continue the bull run or face a correction. For now, all eyes are on Bitcoins price action near these critical levels as traders look for clues that could set the tone for the remainder of the year. Bitcoin Technical Details Explained Bitcoin has faced choppy price action recently, leaving the market in anticipation of the next big move, whether upward or downward. Traders and investors remain cautious, closely watching key technical and macroeconomic signals. The uncertainty has kept Bitcoin trading between $99,000 and $102,000 as market participants wait for a decisive breakout. Top analyst Axel Adler recently shared a detailed macro analysis on X, shedding light on Bitcoins current position. According to Adler, the market has established two crucial support levels at $90,000 and $93,000, signaling that the overall market floor has shifted higher. These levels could act as strong safety nets if Bitcoin experiences a short-term pullback. Adler emphasized that these supports reflect growing confidence in Bitcoins long-term potential despite the current indecision. One notable observation is the decline in trading volume peaks, which presents a neutral signal. This indicates that traders avoid excessive risk, preferring to wait for clearer market signals before entering significant positions. The declining volume also suggests a reduced likelihood of extreme price volatility in the immediate term. Related Reading: Dogecoin Whales Bought 210 million DOGE During Recent Correction Bullish Signal? With Bitcoin stuck in its current range, the market remains highly sensitive to external factors. Any significant news or events could quickly trigger a breakout or breakdown, setting the stage for Bitcoins next major move. BTC Price Action  Bitcoin is trading at $100,100 after failing to break above its all-time high of $103,600. The current consolidation reflects market indecision while the price remains above key demand levels. Bitcoin’s resilience above $100,000 suggests bullish momentum may still be in play, as buyers look for opportunities to push the price higher. However, the next few days will be critical. A correction could be imminent if Bitcoin fails to hold above the psychologically significant $100,000 level and struggles to find the momentum to surpass $103,600. Analysts warn that a break below $100,000 could trigger a wave of selling pressure, pushing the price toward lower support zones. The $93,000 level is a crucial area to watch during a downturn. Losing this key support would significantly heighten bearish risks, as it represents a critical demand zone for the market. A failure at this level could result in a sharper correction, potentially challenging Bitcoin’s bullish structure. Related Reading: Cardano Follows 2020 Bullish Pattern Analyst Plans To Take Profits Between $4 And $6 Bitcoin’s ability to hold above $100,000 provides a cautious sense of optimism. If bulls can maintain support and fuel a breakout above the all-time high, Bitcoin could enter a new price discovery phase. However, the high stakes make every move above or below these levels pivotal for short-term direction. Featured image from Dall-E, chart from TradingView

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Bitcoin ETFs See Historic Surge Institutions Go Bullish On BTC With $1.38 Billion Record Inflows

Yesterday, Bitcoin had one of its most bullish days in history, skyrocketing past its all-time high to reach $76,990. This new milestone has ignited widespread excitement and confidence among investors, who now see the potential for further gains.  Key data from Carl Runefelt reveals that Bitcoin ETFs experienced a historic surge, with $1.38 billion in net daily inflows. This record-breaking figure highlights institutional demand for Bitcoin, as major players like BlackRock are buying BTC in anticipation of long-term growth. Related Reading: Solana Breaks Above Key Resistance Top Analyst Sets $300 Target The influx into Bitcoin ETFs underscores a broader trend of institutional adoption, with increasing interest from financial giants as they recognize Bitcoins potential as a store of value and hedge against economic uncertainty. Runefelts analysis suggests that this level of demand is unprecedented, marking a turning point that could sustain Bitcoins bullish momentum.  The recent surge is not just a technical breakout but also a fundamental shift driven by institutional confidence, setting Bitcoin up for potential further highs as large-scale investors continue to enter the market.  Bitcoin Hits New ATH Bitcoin has surged into uncharted territory, breaking its previous all-time highs once again to reach a new peak that has captivated the crypto community. This historic rally comes on the heels of the U.S. election, which saw Donald Trump emerge victorious. Market sentiment suggests that Trumps pro-crypto stance could have played a role in driving renewed confidence among U.S. investors, who are looking to Bitcoin as a hedge amid changing economic policies. Adding to this momentum, traditional investors increasingly pour into Bitcoin through ETFs, marking a significant shift in institutional interest. According to key data from SoSo Value, shared by prominent analyst Carl Runefelt on X, Bitcoin ETFs experienced record-breaking daily inflows yesterday, totaling an astounding $1.38 billion. This historic inflow underscores the growing appetite from institutional players who are viewing Bitcoin as a critical asset for their portfolios. The recent bullish shift among institutions follows a prolonged 7-month accumulation phase that had cast shadows of doubt over Bitcoins potential to break new highs this year. Many investors remained cautious, with market volatility and uncertainty testing their confidence.  Related Reading: Bitcoin Indicator Signals Equilibrium After Trump Victory A Clear Path To New Highs? With institutional backing at record levels, Bitcoins recent rally could signify the beginning of an extended bullish phase. As big players like BlackRock buy-in through ETFs, the market sees this as a signal of renewed strength. All eyes are now on Bitcoins next moves, with analysts suggesting the recent price action may only be the beginning of a larger bull run for the worlds largest cryptocurrency. BTC Pushing Up: Strong Price Action Bitcoin is trading at $76,000 after reaching new all-time highs. BTC is entering a strong consolidation phase above the previous record level of $73,800. This price zone is crucial for bulls, as holding above it could provide stability for Bitcoins rally to continue. Analysts are closely watching this level; if BTC can respect it, the bullish momentum may persist, encouraging further gains. However, the recent euphoria could lead to a consolidation phase just below $77,000a level some experts identify as a short-term local top. This resistance could take time to overcome as the market digests recent gains and awaits fresh catalysts for another breakout. Related Reading: Ethereum Analyst Sets $3,400 Target Once ETH Breaks Key Resistance Details Despite potential consolidation, demand remains robust, and on-chain data reflects strong buying pressure that could continue driving the price upward. The technical outlook suggests further upside potential if Bitcoin can stay above $73,800 over the coming days. Bulls are optimistic, as it could establish a solid foundation for the next leg up in Bitcoins ongoing rally. Featured image from Dall-E, chart from TradingView

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Bitcoin Attempt To Dip Below $96K Led To Nothing Analyst Expects $100K Soon

Bitcoin has been on a remarkable upward trajectory, pushing above the $96,000 mark for several days after consolidating below the psychological $100,000 level. As the leading cryptocurrency, Bitcoin has consistently broken all-time highs over the past three weeks, with yesterday marking a milestone weekly close at $98,000the highest in its history.  Related Reading: XRP Analyst Sets $2 Target If It Holds Key Level Can It Reach Multi-Year Highs? CryptoQuant analyst Axel Adler shared an insightful analysis on X, emphasizing that Bitcoin’s recent attempt to dip below $95,000 met with significant resistance, reinforcing the strength of current support levels. According to Adler, the market is now poised for a critical test of the $100,000 mark, a barrier that could catalyze further bullish momentum or signal a short-term consolidation phase. With Bitcoins bullish trajectory showing no signs of slowing, traders and investors are closely watching for a breakout above $100,000. Such a move could ignite broader market optimism and drive renewed interest in altcoins, potentially shaping the next phase of the crypto markets growth. However, failure to break above this key level might trigger a healthy correction, setting the stage for a more sustainable rally. Bitcoin Price Action Remains Strong Bitcoins price action has remained exceptionally bullish despite a recent retrace from $99,800 to $95,800a minor dip of less than 4%. Investors widely see this pullback as a brief consolidation phase before a potential breakout above the pivotal $100,000 mark.  The resilience demonstrated during this retrace has bolstered confidence among market participants, with many viewing it as a healthy pause in an ongoing uptrend. Renowned CryptoQuant analyst Axel Adler weighed in on the recent market movements via X, sharing a technical analysis that reinforces Bitcoin’s robust bullish structure. Adler highlighted that pushing BTC to lower demand levels was unsuccessful, further solidifying current support zones.  According to his insights, the stage is now set for Bitcoin to finally test the critical $100,000 area and gauge the markets reaction at this psychological threshold. As BTC approaches this milestone, investor sentiment appears divided. Many traders view the $100,000 level as an ideal price to begin taking profits, citing historical patterns of pullbacks after significant round-number milestones.  Related Reading: Avalanche Soars 20% In 24 Hours Analyst Reveals Next Price Target However, others remain optimistic about Bitcoins continued strength, forecasting a potential surge beyond $100,000. Predictions for the rallys peak range between $105,000 and $120,000, reflecting a broader belief in the cryptocurrency’s long-term potential. Whether Bitcoin consolidates or continues climbing, all eyes remain on its next moves. Bullish Weekly Close Could Send BTC Higher Bitcoin has achieved its highest weekly close in history, recording an impressive $98,000. This milestone is a technical achievement and a critical psychological boost for market participants. It signals a strong bullish environment that could soon propel Bitcoin above the coveted $100,000 mark. The $98,000 level now serves as a robust support zone, and maintaining this priceor at least staying above $95,000in the coming days will be pivotal. A breakout above these levels could propel Bitcoin towards $100,000 with significant momentum. Such a move would solidify Bitcoins uptrend and attract further interest from retail and institutional investors. Related Reading: Massive Ethereum Buying Spree Taker Buy Volume hits $1.683B In One Hour However, continued consolidation below $100,000 remains a possibility. Bitcoin may take several weeks of sideways movement to gather the strength needed for the next leg up. While potentially frustrating for short-term traders, this consolidation phase would provide a healthy foundation for sustainable growth.  Featured image from Dall-E, chart from TradingView

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Bitcoin Rally Driven By U.S. Coinbase Investors Top Analyst Shares Metrics

Bitcoin reached a new all-time high yesterday, surging to $94,000 and solidifying the bulls control over the market. This milestone has ignited widespread speculation about the key factors fueling the rally, as Bitcoin continues to dominate headlines and capture investor enthusiasm.  Key insights from CryptoQuant CEO Ki Young Ju shed light on the drivers of [...]

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Bitcoin Finally Turns $100K Into Support Ready To Rally Higher?

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. Mondays price action highlighted the ongoing volatility in the market, leaving investors divided on Bitcoins 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, Bitcoins 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. Jelles 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 Bitcoins 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, Bitcoins 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 Bitcoins 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, Bitcoins ability to hold above $100,000 signals strong investor confidence. The cryptocurrencys recent stability at these levels suggests it may be primed for a decisive move upward. Analysts and investors are closely monitoring Bitcoins 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, Bitcoins 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 Bitcoins long-term strength. Featured image from Dall-E, chart from TradingView

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