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/CryptoTimely


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

Bitcoin Price Analysis: Key Support and Resistance Levels to Watch

 Bitcoin (BTC) is currently trading around $90,800 after facing a strong rejection near the $94,800 resistance zone. The recent pullback suggests increasing sell pressure as the market cools down from overbought conditions. BTC Chart (Source TradingView) From a technical perspective, momentum indicators are showing weakness. The MACD has turned negative , signaling a possible short-term bearish trend, while the RSI is moving lower , indicating that bears are gaining control. These signals suggest caution for traders in the near term. However, Bitcoin is approaching a critical support level at $90,288 , which remains a strong demand zone. If this support holds, BTC could see a rebound and make another attempt to break above the $94,800 resistance . A successful breakout above this level may open the door for further upside momentum. On the downside, if Bitcoin fails to hold the $90,288 support , selling pressure could intensify, pushing the price toward the $88,000 support zone ...
Post a Comment
Read more