Skip to main content

Bitcoin Price Analysis: Will $97,250 Be the Next Stop?

Bitcoin is showing signs of weakness after failing to hold its recent gains. 

BTC Chart (Source Trading View)

The leading cryptocurrency has pulled back sharply, currently trading at $102,800, down from the recent local high of $107,000.

This drop has raised concerns among traders as technical indicators begin to reflect a shift in momentum.

Technical Breakdown

Price Below EMA50

On the 4-hour timeframe, BTC candles have fallen below the EMA 50, a widely watched short-to-medium term trend indicator.
This break signals that the bullish momentum has weakened, and the bears may be starting to take control.

RSI Remains Neutral

The Relative Strength Index (RSI) is holding steady in the neutral zone.
It’s neither oversold nor overbought, which suggests that Bitcoin has room to move in either direction — but the lack of bullish strength makes the downside more likely if current trends persist.

Key Level to Watch: $97,250

If bearish pressure continues, Bitcoin could soon retest the critical support level at $97,250.
This zone has previously acted as a strong demand area, and a bounce here is possible. However, if BTC fails to hold this level, it could open the door for a deeper correction.

Final Thoughts

Bitcoin’s recent decline below the EMA 50 on the 4H chart combined with a neutral RSI points to a cautious outlook.
While there’s no confirmed breakdown yet, all eyes should be on the $97,250 level in the coming sessions.

Stay alert and manage your risk accordingly — the next few candles could decide Bitcoin’s short-term direction.

Join my Telegram channel for daily trading signals - 100% free!

👉 Link:  https://t.me/bwtinternational


Comments

Post a Comment

Popular post

Why Is Bitcoin Going Up? BTC Hits $97K After Buy Signal

Bitcoin (BTC) is going up, reaching $97,000 on January 14, 2025. It dropped below $90,000 on Monday, which worried some people. The price is rising because of a strong buy signal at $92,000. Experts think Bitcoin could reach $103,000 or even its highest price of $108,000 soon. Could Bitcoin reach $1 million? Some say it’s possible, but others think it will stay lower in 2025. 
Post a Comment
Read more

Ethereum Heading Towards $4,000:

Big Potential Ahead! Ethereum is close to hitting $4,000, following a strong rising trend. Experts believe that if ETH breaks its past high of $4,500, it could reach $5,000–$5,500 in the next bull run. Some even predict ETH could hit $6,000–$7,000 if it continues to rise. Hold tight—big gains could be coming!
Post a Comment
Read more

🚀 XRP Price Update – Is a Breakout Coming?

XRP is trading at $2.81, up 1.89% in the last 24 hours.  With strong resistance at $3.00,  a breakout could push XRP toward $3.20 or its ATH $3.38+! Key levels to watch: 🔹 Resistance : $3.00 - $3.20 (Break = 🚀) 🔹 Support : $2.50 - $2.20 (Pullback zone) 🔹 Sentiment : Bullish, but Fear & Greed Index at 50 (Neutral) A breakout above resistance will confirm further upside momentum.
Post a Comment
Read more