Bitcoin starts 2025 with selling pressure from US investors, casting doubt on its ability to rise above $95,000. While the Coinbase Premium Index shows a decline to -0.22, indicating selling, Bitcoin still sees a slight price increase. Analyst Burak Kesmeci highlights that unless there's a change in the macroeconomic landscape or more buying activity, it's tough for Bitcoin's short-term price to recover.
The Daily Active Addresses divergence and Exponential Moving Average also show signs of bearish trends. Bitcoin's DAA divergence is down, implying less user engagement. Meanwhile, Bitcoin trades below the 20 EMA, suggesting a possible continued price decline. A failure to rise above the 20 EMA could see Bitcoin dropping to $85,851. Alternatively, buying pressure could push it to $108,398.
