Fun

Bitcoin Looks Stronger Compared To Altcoins – Demand Remains Strong As Price Consolidates In A Range

News Feed - 2025-02-05 09:02:41

Este artículo también está disponible en español.


Bitcoin and the entire crypto market experienced a rollercoaster of volatility yesterday, plunging on fears of a U.S. trade war before staging a rapid recovery. The price dropped over 9% in just a few hours, hitting a low of $91,530, only to bounce back by more than 12% following reports that President Trump is negotiating with Mexico and Canada to lift tariffs. This shift in sentiment quickly fueled renewed optimism across the market. Related Reading Solana Retraces TRUMP Meme Pump Gains – But Technicals Suggest A $300 Run 1 day ago


Top analyst Daan shared a technical analysis on X, highlighting Bitcoin’s resilience amid uncertainty. He noted that BTC still looks much stronger than anything else in the market, maintaining a solid uptrend when viewed from a broader perspective. Despite the aggressive sell-off, Bitcoin remains structurally sound, with strong demand levels preventing deeper corrections.


With BTC trading back above key levels, investors are watching closely to see if the cryptocurrency can sustain this momentum and push toward all-time highs. The coming days will be crucial in determining whether Bitcoin can solidify its position as the dominant asset in the market or if further volatility will test its strength again. For now, Bitcoin appears to be leading the market recovery, proving its resilience once more. Bitcoin Holding Bullish Price Action


Despite recent volatility and aggressive selling pressure, Bitcoin continues to show strength compared to altcoins, proving its dominance in the market. While many altcoins struggle to recover, BTC has rebounded quickly from its lows, reinforcing its position as the leading asset. Yesterday’s price action further confirmed that Bitcoin is still in control, and the long-anticipated altseason may be delayed until altcoins can catch up with BTC’s momentum.


Top analyst Daan shared a technical analysis on X, highlighting Bitcoin’s resilience. He noted that BTC is much stronger than anything else in the market and still looks perfectly fine when zooming out. According to Daan, Bitcoin’s demand remains significantly higher than other assets, especially during times of uncertainty. This is evident in the recent market movement, where BTC recovered swiftly while most altcoins remained stagnant or continued to drop. Bitcoin trading within a range | Source: Daan on X


Daan’s analysis reveals that Bitcoin is currently trading within a defined range, with an all-time high (ATH) of $109K at the upper boundary and strong support at the $90K level. As long as BTC holds within this range, the potential for another breakout remains high. If bulls manage to push BTC above the ATH, a new bullish phase will begin, potentially leaving altcoins further behind. Related Reading Ethereum Long-Term Bullish Structure At Risk – $2,700 Support Is Key for a $7K Target 1 day ago


Another key factor driving Bitcoin’s dominance is institutional interest. The recent data from major on-chain analytics platforms reveals that Bitcoin accumulation remains strong among whales, with large holders continuing to add BTC despite market uncertainty. Unlike previous market cycles, where retail investors drove price surges, this rally appears to be fueled by institutions and long-term holders, making it more sustainable. Testing Key Demand Levels


Bitcoin is testing crucial liquidity below the $100K mark, currently trading at $99,400 and attempting to find a strong footing before its next move. Price action remains highly unpredictable and volatile, with investors closely watching key levels for signs of a potential breakout or further downside. BTC testing liquidity below $100K | Source: BTCUSDT chart on TradingView


For BTC to confirm short-term strength, it must reclaim the $100K mark and hold it as support. This level is a psychological and technical barrier that, once secured, could trigger renewed bullish momentum. If Bitcoin struggles to maintain this level, further consolidation below $100K could follow, delaying any breakout attempts.


The $98K level is another crucial support zone. As long as BTC stays above this mark, a push back above $100K remains highly likely. Losing this level could lead to a deeper retracement, testing lower demand zones before another attempt to reclaim higher levels. Related Reading Bitcoin Trades At Discount For The Past Month Signaling Selling Pressure – What This Means 3 days ago


To fully regain bullish momentum, Bitcoin must reclaim the $103,600 mark, a key resistance level that has limited upward moves in recent days. A successful breakout above this level would set the stage for a massive rally toward all-time highs, opening the door for BTC to enter price discovery once again.


Featured image from Dall-E, chart from TradingView

News Feed

Zimbabwean Central Bank Launches CBDC Consumer Survey
Zimbabwean Central Bank Launches CBDC Consumer Survey The Zimbabwean central bank has said it is “conducting a CBDC [central bank digital currency] Consumer Survey to solicit
PancakeSwap rewards users with 2.4M ZK token airdrop
Josh O"Sullivan13 hours agoPancakeSwap rewards users with 2.4M ZK token airdropPancakeSwap will airdrop 2.4 million ZK tokens to reward its community and boost zkSync PancakeSwap engagement.8024 Total views25 Total share
Bitcoin Open Interest Crashes By $4.5 Billion In One Weekend, Spells Doom For Bulls
Este artículo también está disponible en español. Bitcoin open interestcrashed by billions in one weekend, painting a bearish outlook for the flagship crypto and spells d
Global Cryptocurrency Trade Volumes Saw a Significant Decline in December 2022
Global Cryptocurrency Trade Volumes Saw a Significant Decline in December 2022 According to statistics, daily cryptocurrency trade volumes have dropped significantly during Dec. 20
Biggest Movers: QNT Hits 6-Month High, ATOM Falls to 20-Day Low
Biggest Movers: QNT Hits 6-Month High, ATOM Falls to 20-Day Low While crypto markets were mostly lower on Wednesday, quant rallied to a six-month high earlier in the day. Today
MicroStrategy Could Be Forced To Dump Bitcoin Under These Circumstances, Michael Saylor Responds
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitcoin L2s set to explode as Runes congest BTC network
Rachel Wolfson10 hours agoBitcoin L2s set to explode as Runes congest BTC networkHigh transaction fees and network congestion from the Runes protocol are increasing demand for Bitcoin layer-2 solutions.2098 Total views4
Tristan Greene7 hours agoUS official confirms military concerns over China’s access to cloud technologyThe confirmation comes as tensions between the United States and China continue to rise.1030 Total views5 Total sha
Tron (TRX) Leads The Crypto Market With 100% Rally To New ATH, $0.5 Next?
Este artículo también está disponible en español. Tron (TRX) joined the crypto market’s rally by jumping over 100% in 24 hours to a new all-time high (ATH). Its surge i
Report: Tweaks to South African Tax Filing System to Result in Decreased Crypto Arbitrage
Report: Tweaks to South African Tax Filing System to Result in Decreased Crypto Arbitrage Reports from South Africa suggest that tax authorities have plugged a l
Following French Montana, Vietnam’s Number 1 Celebrity Singer Son Tung M-TP Joins RACA’s USM Metaverse
Following French Montana, Vietnam"s Number 1 Celebrity Singer Son Tung M-TP Joins RACA"s USM Metaverse press release PRESS RELEASE. The Vietnamese music celebrity’s videos ha
Award-Winning Filmmaker Torsten Hoffmann Launches Bitcoin Documentary Cryptopia
Award-Winning Filmmaker Torsten Hoffmann Launches Bitcoin Documentary CryptopiaThis week filmmaker Torsten Hoffmann launched the cryptocurrency-infused documentary “Cryptopia: