Bitcoin maintained a trading value of about $104k on Jan. 25. The cryptocurrency launched at a high of $106,428 on Jan. 24 before maintainers reduced demand, which caused it to drop slightly.
Bitcoin maintains its support value near $100,000 points and faces resistance at about $105,000. Considering the $100,000 support zone above will ensure continued bullish price trends. A sustainable rally through $105,000 will open up more potential ascent for Bitcoin. A price drop beneath $100,000 could cause Bitcoin to fall towards successive support areas at $92,000 and then at $87,000.
According to Coinglass Liquidations data, Bitcoin exceeded $36.03 million during the last 24 hours, showing a 34.34% increase. Long and short positions across Bitcoin markets contributed closely matched levels of liquidations, amounting to 49.96% from longs and 50.04% from shorts. Per these stats, the market seems volatile, which mixes the positive and negative market momentum.
Experts in the field have established higher price forecast targets for Bitcoin. Crypto analysts predict Bitcoin’s near-term bullish momentum. They also believe successful breakthroughs of key resistance zones could push Bitcoin prices to between $118,000 and $120,000. Bitcoin’s future will largely depend on how United States policy evolves regarding cryptocurrencies and on greater macroeconomic factors.
Onchain Indicators Signal “Distribution Region”
Research from on-chain analytics platform CryptoQuant, which published this analysis on Jan. 24, provides evidence that Bitcoin may be nearing the end of its current bull market phase. The platform’s Index of Bitcoin Cycle Indicators (IBCI) shows Bitcoin entering what it describes as the “distribution region,” which traditionally signals market cycle peaks.
Market analysts forecast Bitcoin to reach $150,000 or higher in 2025, although CryptoQuant’s on-chain assessment presents a more restrained perspective. Seven on-chain indicators within the IBCI composite monitor Bitcoin’s price cycle development and identify its big market shifts between popular measurements like Puell Multiple and Spent Output Profit Ratio and Net Unrealized Profit/Loss.
Gaah’s research finds that Bitcoin “may be approaching a potential cycle peak, although it cannot offer full verification now.”
Within his analysis, the network economist Timothy Peterson studied the similarities between current market conditions and earlier market cycles. A recent X post from Peterson showcased an impressive 90% alignment between the current trend and a previous market cycle over 250 days.
According to Peterson, the BTC/USD exchange rate may climb to $137,000 before dropping below six figures, implying a temporary market consolidation. Between optimistic forecasts and on-chain analysis, Bitcoin investors face significant ambiguity regarding their crypto asset’s future market momentum.
Matrixport Highlights Seasonal Trend
Data from the crypto services platform Matrixport indicates Bitcoin has consistently performed during China’s Spring Festival since 2009. The digital currency increased in value for 11 consecutive years with an 83% chance of positive results. This pattern has become among the most reliable time-based movements throughout Bitcoin history.
Bitcoin demonstrated robust performance during the recent Spring Festivals, growing by 26% and 23%, resulting in an average increase of 21% across the holidays. According to analysts, Bitcoin prices increase during festive periods because consumers show increased interest in Bitcoin products.
Multiple conflicting market indicators exist in today’s Bitcoin economy. The weekly market overview shows Bitcoin being overbought. Meanwhile, reversal indicators displayed oversold conditions last week, indicating possible support for cryptocurrency. Market participants watch carefully to determine whether Bitcoin’s seasonal price surge will repeat during this upcoming Spring Festival period.
Bitcoin Price Analysis
The technical indicators show that Bitcoin presented strong bullish signals at the time of writing. Currently priced at approximately $106,670, Bitcoin’s daily trading range spans between $104,544 and $106,740. The relative Strength Index (RSI) is at 66.334, confirming market buying signals. The coupled Stochastic Oscillator (STOCH) reaches 99.019 as the overbought zone, while the Moving Average Convergence Divergence (MACD) delivers a buy signal count of 581.73.
Monitored moving averages across all timeframes from short-term to mid-term to long-term, agreeing with a strong buy signal and drawing support. The pivot points uncover multiple crucial support points at $105,464, $105,262, and $104,913 beside multiple resistance levels at $106,015, $106,365 and $106,566.
The current technical analysis shows that Bitcoin holds a strong buying sentiment, indicating its significant price-rise potential in the market. The crypto market volatility requires investors to perform extensive research about all available trading factors before taking action
