Fun

On-Chain Metrics Reveal The Most Critical Resistance For Bitcoin – Can BTC Break $97.5K?

News Feed - 2025-02-21 02:02:27

Este artículo también está disponible en español.


Bitcoin continues to trade within a tight range, holding above the $94K level while struggling to break past the $100K mark. The long-term outlook remains bullish as BTC maintains key demand levels, but short-term price action remains uncertain. Investors and analysts are closely watching for a breakout, with speculation rising that this period of consolidation is the calm before the storm. Related Reading Ethereum Holds Multi-Year Bullish Structure – Time For A Comeback? 1 day ago


While bulls have defended crucial support levels, they have been unable to push BTC above key resistance, leading to growing frustration in the market. Analysts suggest that an aggressive move in either direction is imminent. Key metrics from Glassnode reveal that the most critical resistance level for Bitcoin is currently at $97,533. This level has acted as a key rejection zone in recent weeks, preventing BTC from reclaiming momentum.


If Bitcoin manages to break and sustain a move above this resistance, it could signal the start of a new uptrend, potentially driving prices toward ATH and beyond. However, failure to do so may lead to continued sideways trading or even another retest of lower demand zones. As market participants await confirmation, Bitcoin remains at a pivotal moment that could define its next major move. Bitcoin Prepares For An Aggressive Move


Bitcoin has remained in a quiet consolidation below the $100K mark, creating an environment filled with uncertainty and frustration among traders. Price action remains range-bound, fluctuating between $94K and $100K without any clear direction. Analysts continue to speculate about the next move, with most agreeing that an aggressive breakout is inevitable. However, the major question remains—will it be a bullish surge into price discovery or a selloff into lower demand levels?


Top analyst Ali Martinez shared Glassnode data on X, revealing that the most critical resistance level for Bitcoin is currently at $97,533. This level has repeatedly acted as a barrier, preventing bulls from regaining control. Martinez suggests that a sustained breakout above this level could signal further upside, potentially paving the way for a move toward the $100K psychological barrier. Bitcoin UTXO Realized Price Distribution | Source:Ali Martinez on X


Investor sentiment is mixed, with some expecting Bitcoin to reclaim momentum and push past ATH, while others remain cautious due to the prolonged consolidation and weakening volatility. Historically, extended periods of low volatility often precede major price moves, but the market remains divided on which direction BTC will take.


For now, Bitcoin continues to trade within a tight range, and investors eagerly await confirmation of the next major trend. Related Reading Solana Sweeps Lows But Recovers – Can Bulls Reclaim $185 by Friday? 1 day ago BTC Price Action Details


Bitcoin is trading at $97,300, attempting to reclaim key moving averages that could define its short-term direction. The 4-hour 200 exponential moving average (EMA) at $98K and the 200 moving average (MA) at $100K serve as critical resistance levels that bulls must overcome to confirm an uptrend. If Bitcoin breaks above these levels and holds them as support, it could ignite a massive rally toward new highs. BTC testing crucial prices | Source:BTCUSDT chart on TradingView


However, uncertainty still dominates the market as BTC struggles to sustain bullish momentum. Investors are closely watching whether the price can break through these resistance zones or if another rejection will occur. A failed attempt to push above the $98K-$100K range could result in increased selling pressure, leading BTC into lower demand zones around $91K. Related Reading Altseason At Risk? Expert Believes Ethereum Must Hold $2,600 To Sustain Momentum 2 days ago


Despite the cautious sentiment, Bitcoin’s long-term structure remains bullish as it continues to hold above key support levels. The coming days will be crucial as traders look for confirmation of either a breakout or a potential retracement. If BTC manages to reclaim these key moving averages, confidence could return to the market, fueling further upside momentum. Until then, Bitcoin remains in a critical consolidation phase, awaiting its next decisive move.


Featured image from Dall-E, chart from TradingView

News Feed

Former NY Fed chief joins Binance.US board
Turner Wright8 hours agoFormer NY Fed chief joins Binance.US boardFormer Binance CEO Changpeng Zhao stepped down as chair of Binance.US’ board of directors in November 2023.790 Total views1 Total sharesListen to articl
Insanely bullish facts and figures about how the bull market may play out
Brayden Lindrea5 hours agoInsanely bullish facts and figures about how the bull market may play outBitcoin is currently priced at $68,300, a mere 1% off its all-time high of $69,000.4618 Total views8 Total sharesListen t
Top Crypto Exchange LBank at Token 2049: Successful Exhibition and Afterparty
Top Crypto Exchange LBank at Token 2049: Successful Exhibition and Afterparty press release PRESS RELEASE. SINGAPORE, Oct. 3rd, 2022 – Global crypto exchange,LBank, joined To
The Carbon Project Presale Opens to the Public
The Carbon Project Presale Opens to the Public PRESS RELEASE. Carbon is a social crypto hub, slated to launch in January. It will bring your day-to-day crypto ex
Brayden Lindrea8 hours ago‘No evidence’ Hamas is raising crypto donations by the millions: EllipticElliptic’s statement was framed as a rebuttal to recent articles and letters circulating among the media and U.S. l
NYC Mayor-Elect Wants Schools to Teach Crypto, Says Bitcoin Is New Way to Pay for Goods and Services
NYC Mayor-Elect Wants Schools to Teach Crypto, Says Bitcoin Is New Way to Pay for Goods and Services New York City Mayor-elect Eric Adams plans to make NYC the center of crypto and
Coinbase refutes accusation it violated campaign finance laws
Tom Mitchelhill5 hours agoCoinbase refutes accusation it violated campaign finance lawsDescribing the allegations as “misinformation” — Coinbase chief legal officer Paul Grewal said Coinbase was exempt from certain
Derek Andersen5 hours agoLayerZero’s market shifting, there’s a better environment ahead for everyone, CEO saysLayerZero CEO Bryan Pellegrino is optimistic about the future of the blockchain industry and the “reall
Riot Platform buys Kentucky-based Block Mining for $93M
Martin Young3 hours agoRiot Platform buys Kentucky-based Block Mining for $93MRiot says the deal will immediately add one exahash per second to its self-mining hashrate and expands its footprint in the United States.2495
American Financial Infidelity Report: 2 out of 5 Survey Respondents Hid Their Crypto Purchases
American Financial Infidelity Report: 2 out of 5 Survey Respondents Hid Their Crypto Purchases A recent survey study has found that two out of five Americans in committed relations
Ripple and SBI Collaborate to Launch On-Demand Liquidity in Japan — XRP Surges
Ripple and SBI Collaborate to Launch On-Demand Liquidity in Japan — XRP Surges Ripple has launched its first On-Demand Liquidity (ODL) service implementation i
12 days of unemployment later, Sam Altman is officially back at OpenAI
Brayden Lindrea5 hours ago12 days of unemployment later, Sam Altman is officially back at OpenAISam Altman addressed employees in a company memo on Nov. 29, marking his official return to the top leadership position at O