Bitcoin News: BTC Could Challenge $100K Again If Key Support Holds

Bitcoin's price has been showing signs of volatility, with recent movements indicating a potential challenge to the $100K mark. This analysis delves into the key support levels and what they mean for Bitcoin's future trajectory.

Bitcoin Price Analysis: BTC Could Challenge $100K Again If This Support Holds

Bitcoin’s price has been gradually declining over the past several days before finding some support at $94K. While the market has once again found support in a key area, the level could be broken to the downside soon. On the daily chart, the asset was recently pushed above the $100K level but failed to maintain momentum and fell down. Yet, the $92K level has once again held the cryptocurrency, preventing a deeper decline. As the level has been tested multiple times already, it is very likely that the price will break to the downside in case of another test. On the other hand, if the level holds, the market will once again try to break above the $100K level and pave its way toward a new all-time high.

The Crypto Bull Run Isn’t Over, 4 Best Altcoins Presales Pumping Right Now

After around a month of choppy, downward price movement, the crypto market, headed by Bitcoin (BTC), is looking positive again. Several technical signals, such as the Golden Cross and bounce from the $91,000-$92,000 zone, are pointing to the fact that the crypto bull run is far from over. With BTC ripe for a major comeback, this could be the perfect opportunity to invest in altcoins – and there’s hardly a better time to purchase these tokens than in their presales. In this article, we bring to you the top 4 altcoin presales dominating the market right now.

Bitcoin – Here’s why this analyst is expecting the ‘overheated market’ to correct

As the market enters 2025, investor sentiment is at a high, fueled by growing Optimism and a renewed sense of opportunity. While enthusiasm is building, it remains well below the extreme levels seen during previous market booms. Nevertheless, experts are cautioning that the risk of a correction, particularly in Bitcoin [BTC] and other major cryptos, is increasing as the market continues to gain momentum. With this in mind, it’s crucial for investors to stay vigilant, carefully monitoring key indicators and being alert to early signs that could signal a shift in market dynamics.

Fear and greed index – What happens at 95?

The sentiment index is currently at 69, signaling optimism, but caution is advised. Historical patterns have pointed to correction risks NEAR market highs. Investors should be aware of the potential for a market correction, especially in Bitcoin [BTC] and other major cryptocurrencies, as the market continues to gain momentum.

Data Suggests Bitcoin Is Far From Overheated – Analyst Shares Key Metrics To Monitor

Bitcoin is currently testing demand below the $95K mark, a crucial level that could provide the fuel needed for the next rally. While this consolidation phase has left many investors nervous about a potential deeper correction, some even speculating that BTC may have already peaked, key metrics paint a more optimistic picture. CryptoQuant analyst Axel Adler shared a compelling chart showing the market sentiment and price correlation. According to Adler, the market will become overheated only when the index featured in the chart reaches the 95th percentile—a level that historically signals the beginning of a correction phase. Encouragingly, the market remains well below this threshold, suggesting there is still room for further upside before any significant correction.