Current Price $BTC :

Bitcoin is trading near $97,430, down 4.88% from its recent high of $102,783, signaling resistance at higher levels.


Support & Resistance:

Support:

$60,491 (key demand zone).

Resistance:

$107,261 (critical upper resistance).


Volume:

Decreasing volume in recent months indicates reduced momentum, with $60,491 as the strongest volume-supported level.


Scenarios:

Bullish: Breaking $107,261 could push Bitcoin toward $120,000.

Bearish: Losing $87,500 may lead to a drop to $60,491.


#Bitcoin’s macro trend remains bullish as long as $60,491 holds. Monitor $87,500 as a key level for downside protection, with targets in the $104,000-$107,000 range for the short term.


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#BTC Price Analysis#

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February 05, 2025 at 7:31 AM
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