Bitcoin Price Reclaims $101,000: Key Levels to Watch Moving Forward

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,924,385,963,510	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,924,385,963,510

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-649.65	-0.66%	97,211.12	97,211.11	97,211.12

Price Change

Price Change %

Current Price

Bid Price

Offer

-649.65

-0.66%

97,211.12

97,211.11

97,211.12

High Price	Low Price	Open Price	Prev. Close	52 Week Range
99,230.49	96,500.00	97,899.99	97,860.76	42,235.00 - 109,356.00

High Price

Low Price

Open Price

Prev. Close

52 Week Range

99,230.49

96,500.00

97,899.99

97,860.76

42,235.00 - 109,356.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	21:54:39	0.000032	97,211.11	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

21:54:39

0.000032

97,211.11

USD

Price x Volume	Volume	Base Symbol	Related Pairs
993,055,865.26	10,158.72	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

993,055,865.26

10,158.72

Bitcoin Price Reclaims $101,000: Key Levels to Watch Moving Forward

28/01/2025 2:00am

NEWSBTC

Bitcoin has seen a modest recovery after dipping below the $100,000 mark earlier today. At the time of writing, BTC is trading just above $101,000, following a 3.7% decline in the last 24 hours. This recent movement appears to have not only instilled hope in investors but has also caught the attention of analysts now closely monitoring on-chain data and short-term holder behavior to understand the asset’s next potential move and the critical levels to watch. Related Reading: Crypto Experts Forecast Bitcoin Market Peak: Bear Market Could Emerge Within 3 Months Key Support level for Bitcoin Yonsei Dent, a contributor to CryptoQuant’s QuickTake Platform, has highlighted key metrics indicating that short-term holders (STH) may play a pivotal role in defining Bitcoin’s immediate support levels. In his latest analysis, Dent identified $89,900 as a critical support level for holders who have held BTC for one week to six months. He noted that most short-term holders remain in profit, which reduces the likelihood of a sudden wave of selling pressure. However, Dent also acknowledged that holders in the three-to-six-month range are at a loss, though their limited market share—9.4% of the Realized Cap—minimizes their potential to disrupt broader market dynamics. Dent’s findings also indicate that the $89,900 level serves as both a technical and on-chain support zone. As market volatility continues to compress, this support level gains importance. Any breach or bounce from this range is likely to draw significant attention from traders and analysts. The data suggests that short-term pullbacks may not trigger widespread panic selling, keeping the market relatively stable around this price mark. With Volatility Highly Compressed, Where is the Key STH Support Level? “This suggests that $89.9k could be a stable support zone, even amid short-term pullbacks.” – By @Yonsei_dent Link 👇https://t.co/4ayRJBQlWe pic.twitter.com/iNlBMriS78 — CryptoQuant.com (@cryptoquant_com) January 27, 2025 Major Players Refuse To Sell Their BTC Holdings Meanwhile, another CryptoQuant analyst, Grizzly, provided additional insight into the behavior of long-term and short-term holders. According to Grizzly, the SOPR ratio—measuring the profit ratio between long-term and short-term holders—has not risen as sharply during the current bull run compared to previous cycles. This may indicate a shift in market behavior as Bitcoin matures. Grizzly pointed out that as more cycles occur, investors become less inclined to engage in speculative trading. Instead, they appear to adopt a more measured approach, treating Bitcoin as a long-term asset rather than a quick profit opportunity. Furthermore, Grizzly noted that institutional participation in Bitcoin has fundamentally “altered” market dynamics. With more capital flowing into Bitcoin portfolios rather than exchanges, there is a visible decrease in immediate selling pressure. Related Reading: Bitcoin Poised For ‘Blow-Off Top’: Elliott Wave Analysis Suggests New ATH Of $170,000 This trend, coupled with the maturing investor base, suggests that Bitcoin could enter a new cycle characterized by longer holding periods and fewer speculative fluctuations. Featured image created with DALL-E, Chart from TradingView

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