Bitcoin started the week with a dip below the critical $100,000 mark, but quickly recovered and climbed back above it, showcasing the ongoing volatility in the market. Analysts are divided on Bitcoin's next move, with some predicting a surge above the all-time high (ATH) while others warn of a potential continuation of the recent decline. However, Bitcoin's resilience above $100,000 has sparked optimism among bulls, with the level now seen as a strong support and a potential catalyst for upward momentum. The market sentiment remains cautious but optimistic, as Bitcoin's ability to maintain support at $100,000 could lead to a decisive move upward and solidify its long-term bullish trajectory. Bulls need to hold above $100,000 and surpass the $105,000 mark to confirm a continuation of the uptrend and trigger renewed bullish momentum. If successful, Bitcoin could retest its ATH and potentially enter price discovery territory. However, failing to sustain support above $100,000 could result in a deeper consolidation phase and lower demand zones being tested. Overall, Bitcoin's ability to break above resistance and surpass $105,000 is closely watched as a signal of a significant rally and reinforces confidence in its long-term strength.
Content Editor ( newsbtc.com )
- 2025-01-28
Bitcoin Finally Turns $100K Into Support – Ready To Rally Higher?
