The price of bitcoin (BTC) remains just under $ 105,000 and shows no indications of the next movement. Although an outbreak can arouse raise and revive the tension around this crypto bull, it is also relevant that market bulls resist further decline to certain price levels.
Bitcoin must hold over $ 97,877 to preserve uptake
After a significant price correction in December 2024, Bitcoin seems to have regained its haus -like form 2025 and rose to even establishing a new record level of $ 109 114 as Donald Trump took over as US president.
Currently, the flagship’s crypto supply is traded below $ 105,000 after a series of significant profits and losses over the past week. In the midst of this market uncertainty, the popular crypto analyst Ali Martinez has highlighted a price support level that is crucial to maintaining Bitcoin’s current hausse -like structure.
In one X Post On January 25, Martinez states that investors accumulated over 101,000 BTC to $ 97,877, which converts this price zone to an important level of support. Therefore, the Bitcoin Prize must be held above this level to ensure a continuation of the current performance.
Noteworthy, the accumulation of a massive volume of BTC of $ 97,877 indicates strong market confidence among investors. Converting this high market price to a potential price floor for Bitcoin suggests expectations of an extended haisserable phase and higher profit levels.
Interestingly, some technical indicators also support this haus -like feeling. Based on Bitcoin’s daily trading diagram, its relative Strength index is 60.83, indicating that the main cryptocurrency still has a lot of room for growth before entering the over -bought zone and experiencing an price use.
However, if BTC loses its support level of $ 97,877 due to overwhelming sales pressure, this price decline would signal a wider market retail that paves the way for a free fall to about $ 92,800, where the next significant support zone is located.
BTC investors show strong demand with high CEX outflows
In second news, blockchain analytics platform intotheblock reports That centralized stock exchanges (CEX) have registered $ 800 million in net outflows of bitcoin over the past week.
This development indicates a high demand from BTC investors who acquire and move BTC to private wallets pending future profits. It is important that a decreasing range of BTC on stock exchanges reduces the potential for any significant sales pressure that would adversely affect prices.
At the time of the press, Bitcoin changes to $ 104,805, which reflects a less 0.15% decline on the past day. At the same time, daily trade volume has decreased by 53.81% and valued to $ 25.5 billion. Despite these measurement values, the Bitcoin Community remains largely hausse according to Voting data from Coinmarketcap. With a market capitalization of $ 2.07 trillion, the first cryptocurrency retains 57.7 % dominance of the total market for digital assets.
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