Bitcoin Set For Encounter With Key $99,900 Price Level

Name	Symbol	Market	Market Cap ($)	Algorithm
TRON	TRXUSD	Crypto	23,276,374,743	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

TRON

TRXUSD

Crypto

23,276,374,743

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.017454	6.98%	0.267454	0.267389	0.267516

Price Change

Price Change %

Current Price

Bid Price

Offer

0.017454

6.98%

0.267454

0.267389

0.267516

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.269686	0.250	0.250	0.250	0.077142 - 0.449994

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.269686

0.250

0.077142 - 0.449994

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	17:20:04	154.20	0.26735	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

17:20:04

154.20

0.26735

USD

Price x Volume	Volume	Base Symbol	Related Pairs
205,054.95	773,567.06	TRX	TRXEUR	TRXGBP	TRXBTC

Price x Volume

Volume

Base Symbol

Related Pairs

205,054.95

773,567.06

Bitcoin Set For Encounter With Key $99,900 Price Level – Analyst

04/01/2025 4:00pm

NEWSBTC

The Bitcoin market has begun 2025 on a positive note with gains over 5% in the first four days of the year. Amidst this renewed bullish strength, Bitcoin is preparing for a vital encounter with the $99,900 capable of significantly altering its price trajectory in the short term. Related Reading: Bitcoin Remains Below $100,000: Is the Bull Market Over or Just Taking a Breather? Bull Flag Or Bear Flag, Bitcoin Bulls To Call In an X post on January 3, crypto analyst with username Plan D shared an analytical commentary on Bitcoin’s price. Plan D stated the premier cryptocurrency is currently forming a “moon flag” that will face major resistance at $99,900. A “moon flag” here likely refers to a chart pattern that will result in a dramatic price gain upon confirmation. It is based on the bull flag which is a continuation pattern that occurs during an uptrend indicating potential breakout and further price gains. A bull flag is characterized by a period of consolidation after a sharp price gain followed by an uptrend. For Bitcoin’s “moon flag” to become valid, Plan D states the asset must break and stay above $99,900, which may result in a sustained price rise to around $108,000. However, if Bitcoin fails to move above $99,900, this development may indicate confirmation of a bear flag—a bearish chart pattern that mirrors the bull flag but indicates downward momentum instead. In this case, Bitcoin is projected to fall as low as 78,000 indicating a potential 20.3% from its current market price and 27.7% from its all-time high of $108,268. Plan D notes that while altcoins are currently a profit zone for most investors with Bitcoin Dominance on the decline, the crypto market is not safely on an upward trajectory until Bitcoin breaks above $99,900. Related Reading: Bitcoin Price Moves From 56 To 60-Day Cycle After Crash Below $100,000, What To Expect Next BTC Price Overview At press time, Bitcoin continues to trade at $97,903 after price gains of 0.72% and 3.95% in the past one and seven days respectively. However, the premier cryptocurrency remains in the red zone on its monthly chart with a 0.77% loss Amidst Bitcoin’s ongoing price rebound, traders are taking profit as evidenced by a recent reduction in long position on Binance from 66.33% to 56.85%. However, long positions remaining dominant over short positions by 13.7%, indicate that the majority of Binance traders still anticipate Bitcoin to maintain its current uptrend. These bullish sentiments in the Bitcoin market are only likely to grow stronger in the coming days as Donald Trump’s presidential inauguration approaches. Many enthusiasts expect the US President-elect to lead a pro-crypto government based on his electoral campaign promises. Featured image from Investopedia, chart from Tradingview.com

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