#BTCRebound #BTC Bitcoin ($BTC ): Testing Key Levels
Current Price: $99,887.18 (+4.18% in 24 hours)
Market Cap: $1.98T24-Hour
Trading Volume: $78.06B
Bitcoin’s price action remains a focal point for traders. On the daily chart, $BTC is trending bearish, with the 50-day moving average sloping downward and acting as potential support below the current price. However, the 200-day moving average, trending upward since January 5, 2025, signals a strong long-term bullish trend. The Relative Strength Index (RSI) sits in the neutral 30-70 zone, indicating room for movement in either direction.
Prediction:
Bullish Case: If Bitcoin holds above the $99,000 support and breaks the $100,000 psychological barrier, it could target $105,000-$110,000 in the near term, driven by institutional accumulation and positive sentiment around U.S. crypto-friendly policies.
Bearish Case: A failure to hold $99,000 could see $BTC retest the $95,000 level, especially if broader market sentiment turns cautious.
Long-Term Outlook: Analysts predict BTC could reach $161,105 by year-end 2025 and $405,789 by 2030, fueled by adoption and Bitcoin’s role as a store of value.
Key Factors to Watch:
U.S. regulatory developments, particularly comments from pro-crypto SEC appointees like Paul Atkins.
On-chain metrics, such as Bitcoin staking on EVM chains, which have surged in 2024.
Potential stock market corrections, as warned by analysts like Max Keiser, which could impact BTC’s short-term trajectory.
