Mixed signals on Bitcoin price and focus on $100,000 level


This week, Bitcoin price is testing a sensitive resistance level near $100,000, a level that analysts believe will determine the currency’s next major trend, and whether the recent recovery is the start of a new upward wave or just a temporary pause in a longer downward path.

According to CoinGecko data, Bitcoin prices rose for five consecutive days, the longest series of gains since early October 2025, and briefly exceeded the $94,000 level on January 6, rising approximately 7.6% in a week.

But the overall picture has yet to be determined.

Crypto Dan analysts pointed to a key indicator that the average purchase price of the currency, which last moved between 6 and 12 months ago, is currently close to $100,000.

Trading below that level has historically been associated with negative trends and is likely to result in additional losses, he said.

On the other hand, a clear break above $100,000 could be seen as an important turning signal, as a return to this level has previously been associated with a bearish to bullish shift in the market.

Analysts believe that failure to break through this level may mean that the downward trend that began after hitting an all-time high above $126,000 in October will continue.

This vision intersects with other observations, including Dr. Profit analysis, which suggests a break above short-term resistance and opens the way to the $97-107,000 range.

Meanwhile, market data is giving mixed signals.

On the one hand, the rising ratio of Bitcoin to stablecoins on the Binance platform indicates an increase in purchasing power, as “Darkfost” analysts pointed out that stablecoin reserves on the platform have recently grown by about $1 billion, which may provide support for prices on entry.

Amid these conflicting indicators, the focus remains on Bitcoin’s ability to break through the $100,000 level and change the market narrative in the period ahead.

Also read:

As Bitcoin price rises to 93,000…Millionaire ‘Da Vinci’ sends message to new investors

Bitcoin price falls from $95,000 peak, XRP rises more than 10%



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *