Bitcoin's 2025 has been turbulent with its price unable to stay above $100,000. After hitting $102,000 last Monday, it fell to $92,000 by Thursday. This struggle highlights a 50/50 chance of further decline or recovery, especially around the $90,000 support mark.
Repeated tests of the $90,000 level, if breached, could cascade Bitcoin's price down to $87,000 or even $75,000. Technical analysis by crypto expert EGRAG CRYPTO shows five tests at this support line, increasing the worry of weakening stability.
For bulls to negate the bearish outlook, Bitcoin must maintain above $90,000 and exceed resistance levels at $103,000, $106,400, and $108,500. Closing above these levels signals a potential bullish trend, especially if $108,500 is surpassed.
Bitcoin's sentiment is currently in neutral, with technical indicators showing low pump chances. Meanwhile, the upcoming inauguration of Donald Trump on January 20th could influence Bitcoin's momentum either way. At present, Bitcoin's trading at $94,400.
Sursă: www.newsbtc.com ↗