NewsBTC
13 January 2025
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Bitcoin Price Remains Below $95,500 Amid Bearish Signs

Bitcoin is currently consolidating losses below $95,500, indicating bearish momentum. Key points include:

  • Price recovery initiated from the $91,150 zone.
  • Trading below $94,500 and the 100 hourly Simple Moving Average.
  • A break above a bearish trend line with resistance at $93,650 was noted.
  • Support exists at $92,500; failure to hold may lead to declines.

Current Price Dynamics

Recent movements show Bitcoin briefly rising above the $92,000 resistance, reaching levels of $93,500 and $94,000. However, it remains under pressure below $95,800.

Immediate resistance is positioned at $95,000, while notable resistance levels are at $95,800 and $97,000. A rise above these levels could push the price toward $98,800 and potentially $99,500.

Bitcoin Price

Potential Decline Risks

If Bitcoin fails to breach $95,800, a decline is likely. Key support levels to monitor are:

  • $92,500 (immediate support)
  • $92,000 (first major support)
  • $91,200 (next support level)
  • $90,000 (potential downward target)

Technical indicators suggest increasing bearish momentum:

  • MACD showing bearish signs
  • RSI below 50