NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price To Recover $100,000: BTIG Cites Key Reasons For Optimism
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price To Recover $100,000: BTIG Cites Key Reasons For Optimism

Bitcoin Price Breakout Dreams Crushed Again—What’s Next?

Aayush Jindal
Aayush Jindal
Last Updated: February 24, 2025 2:47 am
2 mins read
Bitcoin Price Breakout Dreams Crushed Again

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin price failed to gain pace for a move above the $100,000 zone. BTC again declined and is currently consolidating near the $96,000 zone.

  • Bitcoin started a fresh decline from the $99,500 zone.
  • The price is trading below $97,500 and the 100 hourly Simple moving average.
  • There is a connecting bearish trend line forming with resistance at $96,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start another increase if it stays above the $95,000 zone.

Bitcoin Price Dips Again

Bitcoin price formed a base above the $95,500 level and started a recovery wave. BTC was able to surpass the $97,000 and $98,500 resistance levels.

The price even cleared the $99,000 resistance level. However, the bears remained active below the $100,000 level. A high was formed at $99,481 and the price started a fresh decline. There was a move below the $98,000 and $96,000 levels.

A low was formed at $94,888 and the price is now recovering. There was a move above the $95,500 level. The price surpassed the 23.6% Fib retracement level of the downward move from the $99,481 swing high to the $94,881 low.

Bitcoin price is now trading below $97,200 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $96,500 level. There is also a connecting bearish trend line forming with resistance at $96,400 on the hourly chart of the BTC/USD pair.

Bitcoin Price
Source: BTCUSD on TradingView.com

The first key resistance is near the $97,200 level or the 50% Fib retracement level of the downward move from the $99,481 swing high to the $94,881 low. The next key resistance could be $97,750. A close above the $97,750 resistance might send the price further higher. In the stated case, the price could rise and test the $98,800 resistance level. Any more gains might send the price toward the $99,500 level or even $100,000.

Another Decline In BTC?

If Bitcoin fails to rise above the $97,200 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $95,500 level. The first major support is near the $95,000 level.

The next support is now near the $94,200 zone. Any more losses might send the price toward the $93,500 support in the near term. The main support sits at $92,400.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $95,500, followed by $95,000.

Major Resistance Levels – $96,500 and $97,200.

Tweet123Share196ShareSend
Aayush Jindal
Aayush Jindal

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

Read more

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin news

$56,000 Bitcoin Bottom? Burniske Thinks The Market Still Has To Break

Placeholder VC’s Chris Burniske sees one of the best long-term setups for Bitcoin building in the background – but he...

Jake Simmons 2 hours ago
Bitcoin Flashes Largest Hidden-Buying Spike of the Cycle Despite Losing $90K Level

Bitcoin Flashes Largest Hidden-Buying Spike of the Cycle Despite Losing $90K Level

Bitcoin is fighting to reclaim the $90,000 level after a sharp drop earlier today, adding fuel to growing fears of...

Sebastian Villafuerte 4 hours ago
Bitcoin : la corrélation avec la liquidité mondiale se casse en 2025.

Bitcoin vs liquidité mondiale : pourquoi le lien s’est brisé en 2025

En 2025, quelque chose a déraillé dans l’un des récits les plus solides autour du Bitcoin. Il s’agit de sa...

evanss 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Tether Makes Bold Reserve Pivot Toward Bitcoin And Gold As Treasury Holdings Decline

Godspower Owie 31 minutes ago
Bitcoin Price Wobbles Below Resistance

Bitcoin Holds Key Support, Though Reclaiming Upside May Prove Challenging

Aayush Jindal 39 minutes ago
XRP

XRP Is About To Hit A Major Turning Point This Week, Analyst Says

Christian Encila 1 hour ago

Premium Sponsors

Press Releases

  • ChatGPT dự đoán crypto có thể x1000

    ChatGPT dự đoán crypto có thể x1000, Bitcoin Hyper...

    4 hours ago
  • Trader có tỉ lệ thắng 100% vừa vào lệnh long 3...

    6 hours ago
  • リップル 今後:2026年末に5.50ドル到達は現実的か?

    リップル...

    9 hours ago
  • Trader with 100% Win Rate Goes Long on These 3 Cryptocurrencies

    Trader 100%-os nyerési aránnyal long pozíciót nyit...

    10 hours ago
  • 急落の中で試される重要サポ

    イーサリアム...

    10 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.