Bitcoin Outflows Signal Bullish Strength As Demand Remains High At $100K – What This Means
Este artículo también está disponible en español. Bitcoin (BTC) has seen an impressive 8% surge since Monday, solidifying $100K as a strong support level. After weeks of volatility and uncertainty, BTC has now reclaimed key levels and is pushing toward an all-time high (ATH) retest. Investors and analysts alike are closely watching Bitcoin’s next move, as bullish momentum continues to build. Related Reading Top analyst Axel Adler shared insights revealing that Bitcoin continues to flow out of exchanges, a sign that long-term holders are accumulating. This trend is reducing available supply, which historically has been a key driver for price appreciation in bull cycles. With fewer BTC available for trading, demand pressure could accelerate, potentially fueling a breakout into price discovery. Now that Bitcoin has regained critical resistance levels, traders are eyeing a push above ATH, which would confirm the next major leg of the bull run. However, market participants remain cautious, as BTC must hold above key levels to sustain its uptrend. The coming days will be crucial in determining whether Bitcoin can continue its climb or enter another consolidation phase before making a decisive move. Bitcoin Holds Strong Above $105K Bitcoin (BTC) has experienced high volatility in recent weeks, yet strong price action continues to defy negative market sentiment. After testing key support levels, BTC is now trading above $105K, showing resilience as it looks ready to push above all-time highs (ATH). Investors remain optimistic about Bitcoin’s long-term trajectory, with many expecting a bullish year ahead. Related Reading Yesterday’s Federal Reserve meeting added to the positive market sentiment, giving BTC the momentum needed to shift back into an upward trajectory. With institutional and retail demand rising, Bitcoin remains the leading asset poised for another breakout. Crypto expert Axel Adler shared valuable insights on X, highlighting that a negative Netflow-to-Reserve ratio is a bullish signal. He pointed out that the largest BTC outflow from exchanges occurred at the Bear Market bottom in January 2023, marking strong buying activity and the first accumulation phase of the bull cycle. In 2024, peak buying activity was observed at the $100K level, reinforcing strong demand despite a slight decline in volume. Bitcoin Exchanges Netflow-to-Reserve Ratio | Source: Axel Adler on X The key takeaway is that Bitcoin continues to flow out of exchanges, reducing supply and fueling further price appreciation. If demand remains strong, BTC could soon break into price discovery, setting the stage for new all-time highs. BTC Testing Last Resistance Below ATH Bitcoin (BTC) is currently trading at $105,200, showing strong momentum as it inches closer to a breakout above all-time highs. The next key level to clear is $106K, which could trigger a move toward the highly anticipated $110K mark. If BTC pushes past ATH with conviction, it would confirm a bullish breakout, setting the stage for further price discovery. BTC Testing crucial supply | Source: BTCUSDT chart on TradingView However, bulls must defend the $103,600 level to sustain the uptrend. This price zone has been a critical support, holding Bitcoin in a bullish structure. Losing this level could signal short-term weakness, potentially sending BTC back to test the $100K mark. Related Reading For now, Bitcoin’s price action remains strong, and as long as $103,600 holds, momentum should continue to favor the bulls. With demand rising and exchange supply decreasing, BTC is in a prime position to push toward new highs. The coming days will be crucial, as traders watch for a confirmed breakout or a potential retest of key support levels. Featured image from Dall-E, chart from TradingView Source link
DeepSeek’s AI Breakthrough Triggers Fears In Tech Sector, Impacting Bitcoin Prices
Este artículo también está disponible en español. As January draws to a close, the cryptocurrency market has experienced a significant downturn, with Bitcoin (BTC) and other digital assets suffering losses attributed to a broader sell-off in the technology sector. Bitcoin’s price fell 3% to $101,400, with earlier lows reaching $97,750. The CoinDesk 20 index, which tracks a weighted average of various cryptocurrencies, recorded a 7% decline, reflecting the overall market’s cooling after reaching record highs earlier this month. Nasdaq Drops Over 3% As DeepSeek’s AI Advances Raise Concerns The tech-heavy Nasdaq composite index also faced a downturn, dropping over 3%, influenced by concerns stemming from a Chinese startup, DeepSeek. The company recently announced the development of a competitive artificial intelligence model at a fraction of the cost of existing solutions, raising alarms about potential shifts in US dominance in artificial intelligence (AI) technology. Related Reading This news has sparked fears regarding Big Tech’s spending on artificial intelligence models and data centers, further exacerbating the sell-off in tech stocks in the United States market. In premarket trading, shares of major cryptocurrency exchanges like Coinbase and MicroStrategy fell about 2% each. Bitcoin mining companies took even larger hits; Core Scientific saw its shares plummet by 21%, while Terawulf and Iren (formerly Iris Energy) lost 16%. The correlation between the cryptocurrency market and the tech sector remains strong, as noted by Standard Chartered analyst Geoff Kendrick, who pointed out that Bitcoin is currently more closely aligned with movements in the Nasdaq than with traditional safe-haven assets like gold. Long Liquidations Hit Bitcoin Traders The market’s volatility was further driven by significant liquidations among traders who had bet against a downturn. Over the past 24 hours, more than $250 million in long liquidations occurred, forcing leveraged traders to sell their Bitcoin holdings to cover losses. This wave of selling coincided with a mixed market reaction to President Donald Trump’s recent executive order on cryptocurrency, which had generated anticipation in the lead-up to its release but failed to meet all investor expectations. Many traders expressed disappointment that the executive order did not establish a dedicated stockpile of Bitcoin, a term that implies a more passive approach to holding assets, rather than an active strategy of regular purchases. Related Reading Kendrick emphasized that the current market dynamics position digital assets to be particularly vulnerable to sharp sell-offs, regardless of whether the driving force originates from within the crypto space or external markets like tech. With the uncertainty surrounding the executive order now resolved, the market has shifted its focus to the upcoming Federal Reserve meeting, set to conclude on Wednesday. Market strategist Joel Kruger of LMAX noted that investors are nervously anticipating the Fed’ stance, hoping for a more accommodative approach while fearing that the central bank may not adopt the dovish tone the markets desire. Despite the recent price declines, Kruger reassured investors that the overall trend in Bitcoin remains positive, stating, “When we look at the Bitcoin chart, there is nothing bearish about the price action.” The daily chart shows BTC’s price drop experienced on Monday. Source: BTCUSDT on TradingView.com Featured image from DALL-E, chart from TradingView.com Source link
Bitcoin Poised For ‘Blow-Off Top’: Elliott Wave Analysis Suggests New ATH Of $170,000
Este artículo también está disponible en español. The Bitcoin (BTC) price has recently entered a consolidation phase following significant upward movements, as the cryptocurrency market experiences heightened volatility at the start of the year. Currently, the market’s leading cryptocurrency is hovering above the critical $100,000 milestone, with analysts suggesting that further price increases could be on the horizon. Analyst Warns Of ‘Overly Bullish Sentiment’ In a detailed analysis by a market expert known on social media as Daily Crypto Trading, the Elliott Wave Theory is being employed to predict Bitcoin’s next moves. According to this analysis, the market could be witnessing a flat corrective wave, with a target in the range of $90,000. The analysis confirms that the recent flat ABC structure held firm at the 89-90k levels, indicating that wave 4 has completed. Related Reading The analysis highlights that while the sentiment surrounding Bitcoin’s future is “overwhelmingly bullish,” this can often serve as a cautionary sign. As Daily Crypto Trading notes, “Even though wave 4 is done, the sentiment is overly bullish, which is normally a red flag.” Investors are encouraged to approach the situation with caution, acknowledging that while the analysis is rooted in probability, it does not guarantee outcomes. The macroeconomic landscape is also crucial for understanding Bitcoin’s trajectory. Daily Crypto Trading has previously discussed the potential impact of an impending recession, suggesting that macroeconomic factors must be considered before diving into technical analysis. What A $130,000 Price Breach Means For Bitcoin? The Elliott Wave Theory, which has been notably accurate in previous predictions, is a key component of this analysis. It posits that markets move in predictable waves, and currently, the focus is on the final sub-wave of wave 4. The expert anticipates that if Bitcoin surpasses the critical level of $109,000, it will confirm the onset of impulsive wave 5, suggesting a bullish continuation. Should Bitcoin achieve a strong wave 5, projections indicate a potential price increase of 40-50% from the current levels, with Fibonacci extension levels suggesting targets of $113,000, $117,000, and even $121,000. However, there is a caveat: the wave could be truncated, leading to a double top formation and subsequent corrections, or it may fail to reach a new all-time high (ATH). Thus, surpassing the $109,000 mark is deemed a critical milestone for increasing the likelihood of a blow-off top reaching $120,000. Related Reading Conversely, if Bitcoin were to dip back to the $90,000 area, it would indicate the formation of a regular zigzag pattern, implying that wave 4 may not be complete. As a contingency, an invalidation point has been established at $130,000; a breach of this level could suggest an unforeseen bullish breakout toward a target of $170,000. The daily chart shows BTC’s price consolidating above $100,000. Source: BTCUSDT on TradingView.com Currently, BTC is trading at $104,300, recording losses of 1.4% in the 24-hour time frame. Featured image from DALL-E, chart from TradingView.com Source link
Crypto Experts Forecast Bitcoin Market Peak: Bear Market Could Emerge Within 3 Months
Este artículo también está disponible en español. As Bitcoin (BTC) consolidates above the significant $100,000 milestone, previously a challenging resistance level to breach, market analysts are closely monitoring its potential for further price increases and the possibility of new all-time highs (ATHs). A critical threshold of $109,000 looms in the near future for the market’s leading cryptocurrency, but the clock may be ticking as experts warn of an impending bear market that could emerge within just three months. Analyst Warns Of Imminent Bear Market For Bitcoin Market expert and technical analyst Ali Martinez raised concerns in a recent social media post on X (formerly Twitter), based on historical patterns observed following Bitcoin’s Halving events. Related Reading The analyst suggests that Bitcoin and the broader cryptocurrency market could enter a bear cycle approximately 90 days from now. This prediction is grounded in the cyclical nature of Bitcoin’s price movements, particularly during Halving years, which historically have been followed by significant corrections. BTC’s price behavior in previous Halving years. Source: Ali Martinez on X As further seen in the chart above, Martinez points out that examining the total days of each BTC Halving cycle reveals a striking resemblance to the previous cycle between 2012 and 2016, which lasted 367 days before entering a bear market. As of now, Bitcoin and the broader cryptocurrency market is at 276 days into this cycle, suggesting that a downturn may be closer than some investors anticipate. Will Prices Reach $200,000 Before The Drop? Further analysis from Martinez incorporates the Wyckoff Method, a technical analysis framework that identifies market cycles. According to this method, Bitcoin may be approaching its final leg up before entering the Distribution Phase, a period of consolidation before a price decline. In this phase, Ali Martinez predicts that the BTC price could trade between $140,000 and $200,000 before experiencing a significant drop back toward the $100,000 level. Related Reading But despite these cautionary forecasts, Martinez also notes that there remains potential for growth in the short term. He draws comparisons to the 2015-2018 cycle, asserting that Bitcoin’s price action at this juncture shares striking similarities with that period, which eventually led to parabolic price increases. Additionally, the Mayer Multiple, a metric that gauges Bitcoin’s overbought conditions, is currently being scrutinized. Historically, the Mayer Multiple has indicated market tops when Bitcoin trades above the 2.4 oscillator. Presently, this level sits near $182,000, suggesting that Bitcoin still has room for growth before reaching a potential market peak this cycle. The 1D chart shows BTC’s price consolidating above $100,000. Source: BTCUSDT on TradingView.com At the time of writing, the largest cryptocurrency by market cap is trading at $102,900, down over 1.5% in the 24-hour time frame. Featured image from DALL-E, chart from TradingView.com Source link