Bitcoin’s price stabilized near $96,200 after recovering from levels below $92,000. Experts debate whether this signals a new upward trend or further decline.
Current Bitcoin Dynamics
The first quarter of 2025 started for Bitcoin at $110,000, followed by a downward trend. Currently, the price stands at $96,200.
Market Influencing Factors
Analysis shows increased Bitcoin inflows to exchanges, possibly indicating investors are ready to sell. Meanwhile, US macroeconomic indicators have become less favorable for investing in riskier assets like Bitcoin.
Technical Analysis and Forecasts
Analysts highlight a resistance level at $97,530 and weak support below $92,110. Breaking above $100,000 could lead to new highs. However, falling below $92,110 might result in a significant drop to $70,000.
The current Bitcoin market scenario remains tense, with the price striving to break from the range between support and resistance levels, leading to investor uncertainty.
