Bitcoin Finds Price Stability: Reclaiming $101,000 Depends On This Level

Quick Summary:

Since the DeepSeek-triggered correction, Bitcoin recorded price advances "that have been quickly getting canceled out, as evidenced by the recent upside wicks.” However, BTC’s price continued to hold the diagonal trendline as support over the week, which is necessary to build further momentum.

According to the analyst, "As long as it continues to hold, the price will be positioned for a revisit of $101k over time.” After its most recent price action, BTC needs to reclaim the $97,700 mark to "build on this reversal with additional follow-through.” To achieve this, the flagship cryptocurrency must print a daily close above this level and reclaim it as support to build on its momentum toward the $101,000 resistance.

Related Reading: Ethereum Holds Bounce Or Die’ Level: Rebound To $4,000 Could Be Near Bitcoin Price Stability Could Lead To $101K Reclaim Following the start-of-February market correction, Bitcoin has been moving within the $96,000-$99,000 price range.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: United Kingdom

Topics: Crypto market correction Btc Bitcoin Crypto Bull Run 2025 Crypto analyst Crypto trader BTCUSDT Bitcoin price Bitcoin breakout Bitcoin momentum Crypto Market Sentiment Bitcoin Post-election rally

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-12 @ 17:00:11 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 500 words

Reading Time: 3 minutes read

Sentences: 72 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 26106472

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

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