- Rising exchange inflows and inflation data suggest potential obstacles ahead.
- Key resistance at $97,530 and weak support below $92,110 shape short-term risks.
Bitcoin’s price hovered near $96,200 this week after recovering from a dip below $92,000 in early February. The asset began 2025 by reaching $110,000 on January 20 but has since trended downward. Analysts remain split on whether this correction has ended or if further declines are likely.
ETHNews argue Bitcoin could soon retest its peak. One analyst, CRYPTOWZRD, noted that Bitcoin closed a daily trading session with strong upward momentum, suggesting renewed buyer interest.
BTC Daily Technical Outlook:$BTC closed strongly bullish and I expect to see further upside pressure from here. I'll be tracking the intraday chart to get the next trade opportunity once our current trade is secured 🤔 pic.twitter.com/nZ13bzPDdb
— CRYPTOWZRD (@cryptoWZRD_) February 13, 2025
They predict a push above $100,000, which might attract retail investors seeking higher returns. A break past $108,000 could then open a path to new highs. This view assumes current market conditions favor gradual recovery.
However, data from platforms like CryptoQuant reveals rising exchange inflows, indicating some holders may be preparing to sell. Increased supply on exchanges often precedes price drops.
Meanwhile, U.S. inflation data showed a slight uptick, complicating expectations for Federal Reserve rate cuts. Lower interest rates typically encourage investment in riskier assets like Bitcoin, but delayed cuts could slow market activity.
Analyst Ali Martinez identified $97,530 as Bitcoin’s immediate resistance level. He warned that failure to hold above $92,110 might trigger a sharper decline, citing limited support between $90,000 and $70,000.
The most important resistance level for #Bitcoin $BTC is at $97,530. However, support below $92,110 is weak, as there’s a gap between $90,000 and $70,000. pic.twitter.com/yW575BOBKk
— Ali (@ali_charts) February 13, 2025
His analysis underscores the fragility of Bitcoin’s current position, balancing between technical thresholds and macroeconomic pressures.
The current price of Bitcoin (BTC) is $95,983.69 USD, reflecting a 0.33% decline in the past 24 hours. Over the past week, BTC has dropped by 3.00%, indicating some short-term bearish movement. However, Bitcoin remains one of the strongest-performing assets in the long term, with a 92.1% increase over the past year.
Bitcoin’s market capitalization currently stands at $1.90 trillion USD, reinforcing its dominance in the cryptocurrency market. The 24-hour trading volume is $51.83 billion USD, showing a high level of activity and liquidity. The circulating supply is 19.82 million BTC, with a maximum cap of 21 million BTC, which ensures scarcity and long-term value appreciation.
From a technical perspective, Bitcoin has been trading between $94,119.79 and $98,098.08 USD in the past 24 hours. The key support levels to watch are $95,000 and $93,500 USD, which could prevent further declines.
On the upside, resistance is at $98,000 and $100,000 USD. If BTC manages to break above these resistance levels, it could push toward $105,000 USD in the near future.
