- Institutional inflows rise while regulatory uncertainty persists, balancing Bitcoin’s momentum between growth and caution.
- Critical support at $93,900 and resistance at $98,200 set Bitcoin’s path for March’s market direction.
Bitcoin traded at $94,000 as of February 24, 2025, according to CoinMarketCap data. The price reflects a 0.25% increase over 24 hours, with fluctuations between $95,120 and $96,503.
This level remains 12% below its all-time high of $109,114 set in January 2025. ETHNews analysts project moderate upward movement this week but caution against potential volatility tied to macroeconomic updates.
ETHNews analysts cite a neutral-to-bullish short-term outlook. Platforms like TradingView report buy signals across weekly charts, supported by moving averages and momentum indicators.
Invest identifies a horizontal trend channel, noting support at $93,900 and resistance at $98,200. A sustained break above $98,200, according to MMCrypto, could trigger a rally toward $105,000.
ETHNews anticipates continued accumulation by large investors, suggesting upward pressure. CoinCodex forecasts a weekly range of $97,787 to $105,993, aligning with bullish technical patterns. Traders offers a more conservative estimate, predicting Bitcoin will be near $96,665 by week’s end.
MICHAEL SAYLOR HAS PURCHASED ANOTHER $2 BILLION WORTH OF BITCOIN pic.twitter.com/n8gYAsllhe
— Arkham (@arkham) February 24, 2025
However, Charles Hoskinson warns of instability due to scheduled economic data releases. These include U.S. inflation figures and employment reports, which historically influence crypto markets. Bitcoin’s correlation with traditional risk assets remains a factor, though it has weakened since 2024.
Bitcoin has held above $90,000 since February 20, despite reduced trading volumes. Derivatives data reveals cautious positioning: open interest in futures contracts dipped 7% week-over-week, per Bitget, while funding rates stayed neutral.
Retail activity appears muted compared to institutional flows
Platforms like Coinbase report steady buy orders from corporate treasuries and ETFs. Meanwhile, Grayscale’s Bitcoin Trust recorded its first inflows in six months, signaling renewed institutional interest.
Regulatory developments linger as a wildcard. The SEC’s pending decision on spot Ethereum ETFs could indirectly impact Bitcoin’s momentum. Additionally, Congressional hearings on stablecoin legislation may affect market sentiment.
Technically, Bitcoin must reclaim $98,000 to confirm bullish momentum. Failure to breach this level risks consolidation between $93,900 and $96,500. Long-term holders show little movement, with Glassnode data indicating 70% of supply remains inactive for over a year.
Traders now watch two key levels: $98,200 as a breakout threshold and $93,900 as critical support. A close below $93,900 could invalidate bullish setups, prompting liquidations. Conversely, sustained trading above $98,200 may attract sidelined capital.
Bitcoin’s dominance rate holds at 52%, per CoinGecko, suggesting altcoins aren’t siphoning market share. This stability contrasts with 2024’s “altseason” cycles, indicating focused trader attention on Bitcoin.
As the week progresses, ETHNews analysts advise monitoring spot ETF flows and Fed commentary. Bitcoin’s reaction to $98,200 will likely set the tone for March. For now, the market balances technical optimism against macroeconomic uncertainty, leaving room for abrupt shifts.
