NewsBTC
6 February 2025
Updated 7 February
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Bitcoin Support Established at $90.6K as Analysts Monitor Resistance Levels

Bitcoin is currently facing volatility and selling pressure, struggling to reclaim the $100K mark. Key support levels are being tested as bulls defend against bearish trends. Despite challenges, Bitcoin holds above critical price zones that will dictate future movements.

Key Support Levels

  • Primary support at $90.6K based on the Short-Term Holder Realized Price metric.
  • Secondary support at $97.2K from the one-month to three-month Short-Term Holder Realized Price.
  • Resistance at $100.6K, where recent buying has concentrated.
  • Critical demand zone at $98K, necessary for a potential rally.

Bitcoin Short-Term Holders Realized Price | Source: Axel Adler on X

If Bitcoin maintains support above $98K, it could lead to a bullish phase, pushing towards $105K. A failure to hold these levels risks deeper corrections into the $92K–$94K range.

BTC testing liquidity below $100K mark | Source: BTCUSDT chart on TradingView

Traders are closely monitoring these critical levels to gauge Bitcoin's next significant move.