Fun

Bitcoin Retests $95,000 Amid 4.2% Surge, Is A New Year Rebound Coming?

News Feed - 2025-01-01 12:01:35

Este artículo también está disponible en español.


As the year ends, a renowned analyst suggested that Bitcoin (BTC) could have a New Year rebound after the flagship crypto surged by 4.2% to retest a key level. Related Reading Altcoins To Explode In Early 2025: Analyst Says “Grand Finale” Is Around The Corner 1 day ago Bitcoin Sees End-On-Year Slowdown


Bitcoin has struggled to hold the mid-zone of its one-month price range as the crypto market experiences an end-of-year slowdown. In December, BTC surpassed the $100,000 barrier for the first time, reaching a new all-time high of $108,353 mid-month.


Over the last 30 days, the flagship crypto has moved between $90,000 and $108,000, hovering between $96,000 and $102,000 for most of the month. Nonetheless, Bitcoin has registered a 10.5% decline since hitting its ATH, failing to hold the $98,000 level over the last two weeks.


The largest cryptocurrency by market capitalization saw a brief recovery on December 25 but quickly lost its Christmas rally gains. Since then, BTC’s price recorded its deepest retrace since the start of December.


Bitcoin fell below the crucial $92,000 support zone on Monday, dipping to $91,530 before recovering, raising concern about BTC’s monthly close. However, New Year’s Eve started with a 4.2% surge throughout the morning, fueling end-of-year optimism about a price rebound.


The cryptocurrency’s price moved from $92,000 to $96,000 before retracing to the $95,000 support zone. As the BTC’s price climbed, crypto analyst Ali Martinez noted that the TD Sequential showed a buy signal on the 12-hour chart, potentially signaling a New Year’s Day price bounce. ‘All Is Well’ For BTC’s Rally


Martinez suggested that “a sustained close above $94,700 could lead to a rebound to $97,500.” As the analyst previously pointed out, this level is one of BTC’s most significant support zones, and reclaiming it is key for the cryptocurrency’s short-term rally.


On the contrary, “losing $92,500 as support will invalidate the bullish signal,” Martinez added. Losing this level could also send BTC to the $70,000 level based on the UTXO Realized Price Distribution (URPD) chart.


The analyst has stated that a 25% crash to the $70,000 mark is possible, as the URPD chart shows minimal support below the key support wall. Related Reading Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000 1 day ago


Meanwhile, James Van Straten noted that “all is well” despite BTC’s current price action. The analyst highlighted that “this cycle as with the previous three cycles for BTC, all saw corrections at this point after the halving,” adding that the “corrections are starting later and finishing later. Maybe, to do with elongated cycles.”


As of this writing, Bitcoin is trading at $94,949, a 1% increase in the daily timeframe. Bitcoin’s performance in the one-week chart. Source: BTCUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com

News Feed

Amaka Nwaokocha14 minutes agoArkham IDs Robinhood as 5th-largest ETH holderArkham Intelligence said the wallet contains approximately $2.54 billion worth of ETH under custody for user balances.68 Total viewsListen to art
Rho Markets returns online with no funds lost after $8M Oracle issue
Martin Young3 hours agoRho Markets returns online with no funds lost after $8M Oracle issueThe MEV bot responsible for profiting nearly $8 million in stablecoins returned the funds but wanted the Rho Markets team to admi
Another 3 BTC Jackpot Won at Bitcoin.com Games, Over 15 Players 10x Their Deposits Just This Month
Another 3 BTC Jackpot Won at Bitcoin.com Games, Over 15 Players 10x Their Deposits Just This Month A lucky player wins a 3 bitcoin jackpot on a newly released live casino game at B
British Bank Natwest Implements New Limits on Cryptocurrency Payments to Combat UK Crypto Scams
British Bank Natwest Implements New Limits on Cryptocurrency Payments to Combat UK Crypto Scams On March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptoc
Tom Blackstone5 hours agoCrypto suffered 153% YoY increase in hacks and scams in Q3: ImmunefiThe number of attack incidents increased to 76 in Q3 2023, compared to just 30 in the same quarter last year.582 Total views18
World’s largest Bitcoin miner increased BTC holdings by $124M in July
Zoltan Vardai10 hours agoWorld’s largest Bitcoin miner increased BTC holdings by $124M in JulyMarathon Digital holds over $1.1 billion worth of Bitcoin after the company decided to go full “HODL.”6144 Total views13
NFT ‘ETH in Mellieha’ Set to Go on Auction for Legal Rights to Number Plate
NFT ‘ETH in Mellieha’ Set to Go on Auction for Legal Rights to Number Plate sponsored ETH in Mellieha is the latest in a long line of NFT experiments that aim to challenge tradi
Ethereum options data highlights bears’ plan to keep ETH price under $3.6K
Marcel Pechman4 hours agoEthereum options data highlights bears’ plan to keep ETH price under $3.6K$4 billion worth of Ethereum options are set to expire on June 28, with the balance of forces centered around $3,500.20
Martin Young2 hours agoFirms have mere hours to deflect cyber attacks, warns cybersecurity CEOPalo Alto Networks CEO Nikesh Arora has warned that “bad actors are getting faster” and stressed that companies need to be
Google’s inclusion of Bitcoin wallet balances sparks privacy debate
Amaka Nwaokocha14 hours agoGoogle’s inclusion of Bitcoin wallet balances sparks privacy debateWhile some applaud the move toward mainstream adoption, privacy-centric Bitcoin supporters have raised concerns about centra
Meta to Open 10 Metaverse Campuses as Part of $150 Million Immersive Learning Project
Meta to Open 10 Metaverse Campuses as Part of $150 Million Immersive Learning Project Meta, the metaverse-focused social media company, is helping universities get their own virtua
Microstrategy Debunks Margin Call Rumor — Says Bitcoin Liquidation Unnecessary Even if BTC Falls Below $3,562
Microstrategy Debunks Margin Call Rumor — Says Bitcoin Liquidation Unnecessary Even if BTC Falls Below $3,562 The CEO of the Nasdaq-listed software company Microstrategy has debu