An analysis of the current Bitcoin market situation reveals important support levels and potential price recovery scenarios.
Key Support Zone
Analyst Ali highlights a critical support zone at $102,044 based on Glassnode’s MVRV pricing bands.
If Bitcoin fails to hold this level, the next recovery target may sit near $82,570. While a breakdown is not confirmed, the MVRV model indicates that current prices are under pressure and increasingly vulnerable to a pullback.
Cycles and Potential Growth
Merlijn The Trader reminds market participants that Bitcoin's cycle tops tend to come months after the hype peaks. In previous cycles (2017 and 2021), the final euphoric spike came late in the year following halvings.
With the latest halving completed in 2024, he argues that 2025 is still in its early innings, and the final parabolic rally could be ahead.
"Don’t let the market makers shake you out," Merlijn warned, suggesting that the current consolidation is typical before a potential significant rise.
Conclusion
While Bitcoin's current levels show signs of hesitation, historical patterns and analysis models imply the top has yet to form. Key levels to monitor include $102,000 on the downside and any breakout strength above recent highs. Analysts emphasize that patience remains key as the 2025 cycle continues to unfold.
The analysis of current levels and historical trends indicates Bitcoin's potential for growth in 2025.
