Bitcoin maintained a trading value of about $104k on Jan. 25. The cryptocurrency launched at a high of $106,428 on Jan. 24 before maintainers reduced demand, which caused it to drop slightly.
Bitcoin maintains its support value near $100,000 points and faces resistance at about $105,000. Considering the $100,000 support zone above will ensure continued bullish price trends. A sustainable rally through $105,000 will open up more potential ascent for Bitcoin. A price drop beneath $100,000 could cause Bitcoin to fall towards successive support areas at $92,000 and then at $87,000.
According to Coinglass Liquidations data, Bitcoin exceeded $36.03 million during the last 24 hours, showing a 34.34% increase. Long and short positions across Bitcoin markets contributed closely matched levels of liquidations, amounting to 49.96% from longs and 50.04% from shorts. Per these stats, the market seems volatile, which mixes the positive and negative market momentum.
Experts in the field have established higher price forecast targets for Bitcoin. Crypto analysts predict Bitcoin’s near-term bullish momentum. They also believe successful breakthroughs of key resistance zones could push Bitcoin prices to between $118,000 and $120,000. Bitcoin’s future will largely depend on how United States policy evolves regarding cryptocurrencies and on greater macroeconomic factors.
Onchain Indicators Signal “Distribution Region”
Research from on-chain analytics platform CryptoQuant, which published this analysis on Jan. 24, provides evidence that Bitcoin may be nearing the end of its current bull market phase. The platform’s Index of Bitcoin Cycle Indicators (IBCI) shows Bitcoin entering what it describes as the “distribution region,” which traditionally signals market cycle peaks.
Market analysts forecast Bitcoin to reach $150,000 or higher in 2025, although CryptoQuant’s on-chain assessment presents a more restrained perspective. Seven on-chain indicators within the IBCI composite monitor Bitcoin’s price cycle development and identify its big market shifts between popular measurements like Puell Multiple and Spent Output Profit Ratio and Net Unrealized Profit/Loss.
Gaah’s research finds that Bitcoin “may be approaching a potential cycle peak, although it cannot offer full verification now.”
Within his analysis, the network economist Timothy Peterson studied the similarities between current market conditions and earlier market cycles. A recent X post from Peterson showcased an impressive 90% alignment between the current trend and a previous market cycle over 250 days.
According to Peterson, the BTC/USD exchange rate may climb to $137,000 before dropping below six figures, implying a temporary market consolidation. Between optimistic forecasts and on-chain analysis, Bitcoin investors face significant ambiguity regarding their crypto asset’s future market momentum.
Matrixport Highlights Seasonal Trend
Data from the crypto services platform Matrixport indicates Bitcoin has consistently performed during China’s Spring Festival since 2009. The digital currency increased in value for 11 consecutive years with an 83% chance of positive results. This pattern has become among the most reliable time-based movements throughout Bitcoin history.
Bitcoin demonstrated robust performance during the recent Spring Festivals, growing by 26% and 23%, resulting in an average increase of 21% across the holidays. According to analysts, Bitcoin prices increase during festive periods because consumers show increased interest in Bitcoin products.
Multiple conflicting market indicators exist in today’s Bitcoin economy. The weekly market overview shows Bitcoin being overbought. Meanwhile, reversal indicators displayed oversold conditions last week, indicating possible support for cryptocurrency. Market participants watch carefully to determine whether Bitcoin’s seasonal price surge will repeat during this upcoming Spring Festival period.
Bitcoin Price Analysis
The technical indicators show that Bitcoin presented strong bullish signals at the time of writing. Currently priced at approximately $106,670, Bitcoin’s daily trading range spans between $104,544 and $106,740. The relative Strength Index (RSI) is at 66.334, confirming market buying signals. The coupled Stochastic Oscillator (STOCH) reaches 99.019 as the overbought zone, while the Moving Average Convergence Divergence (MACD) delivers a buy signal count of 581.73.
Monitored moving averages across all timeframes from short-term to mid-term to long-term, agreeing with a strong buy signal and drawing support. The pivot points uncover multiple crucial support points at $105,464, $105,262, and $104,913 beside multiple resistance levels at $106,015, $106,365 and $106,566.
The current technical analysis shows that Bitcoin holds a strong buying sentiment, indicating its significant price-rise potential in the market. The crypto market volatility requires investors to perform extensive research about all available trading factors before taking action
[…] However, on-chain analytics platform CryptoQuant’s Index of Bitcoin Cycle Indicators (IBCI) shows Bitcoin entering what it describes as the “distribution region,” which traditionally signals market cycle peaks. This suggests that Bitcoin may be nearing the end of its current bull market phase[4]. […]
With Bitcoin facing resistance at $105K and support at $100K, how likely is it that the Block Blast cryptocurrency will sustain a rally to break through the $120K mark, given the mixed market momentum and volatility?
[…] 25, with a high of $106,428 on January 24 before experiencing a slight drop due to reduced demand[2]. The cryptocurrency faces resistance at about $105,000, and a sustainable rally through this level […]
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[…] Bitcoin, the leading cryptocurrency, is currently trading at around $104,000, with analysts predicting a potential price surge to $120,000 or higher. However, on-chain indicators suggest that Bitcoin may be nearing the end of its current bull market phase, with CryptoQuant’s Index of Bitcoin Cycle Indicators (IBCI) indicating a “distribution region” that traditionally signals market cycle peaks[2]. […]
[…] cryptoanalyst I predicted recently Bitcoin price drops to $85,000 by April 2025. Using historical Bitcoin price data from April 2024, […]
[…] Experts predict Bitcoin could reach $150,000 in 2025. However, CryptoQuant’s analysis warns that Bitcoin may be entering a “distribution phase,” potentially signaling a cycle peak. Read more […]
[…] Experts predict Bitcoin could exceed $150,000 in 2025. However, on-chain analysis by CryptoQuant suggests Bitcoin may be nearing a “distribution phase,” indicating the potential peak of the market cycle. Read more […]
[…] Pepe’s trading landscape shows remarkable volatility. Recent data hints at big price moves. Traders are watching support and resistance levels closely4. […]
[…] volatility, with significant liquidations indicating mixed market momentum. In fact, over 36 million in liquidations were reported in the last 24 hours, highlighting the active nature of the market. Investors should […]
[…] signal a peak in the current market cycle. This phase often leads to increased volatility, and with $36.03 million in liquidations occurring in just the last 24 hours, it's clear that the market is experiencing fluctuations. […]
[…] Based on recent market signs, Martinez expects Bitcoin’s value to reach $200K during the upcoming event. He predicts the Distribution Phase will start when investors sell their assets at higher prices following this level. […]
[…] Based mostly on current market indicators, Martinez expects Bitcoin’s worth to succeed in $200K through the upcoming occasion. He predicts the Distribution Part will begin when traders promote their property at greater costs following this degree. […]
[…] latest Bitcoin price recovery brings enthusiasm and doubt in the public mind. Market analysts are bullish about Bitcoin […]
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With Bitcoin encountering strong resistance at $105K and holding the critical $100K support, what are Snow Rider 3D chances of a sustained breakout toward $120K, considering the prevailing market uncertainty, shifting investor sentiment, and heightened volatility?
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I think there are good forecasts for BTC for this year!
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Bitcoin will hit $1M soon. Everybody should buy it right now before to late. Enjoy some video games: color block game Block and wait for moon shot
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This Bitcoin price analysis is pretty solid but plays it safe with the usual “on one hand, on the other” approach. I like how it balances technical indicators with historical patterns like the Spring Festival effect – that 83% chance of positive results during Chinese holidays is fascinating!
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