Bitcoin Eyes Rebound To $98,600 But Analyst Suggests Caution

Jan 8, 2025 · Bitcoin Risks Crash To $74,000. On Tuesday, Bitcoin dropped below $97,000, dragging the market into the first pullback of the year. BTC began 2025 trading around the $92,000 level but climbed around 6.5% in the following days.. After turning the $98,000 …

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Bitcoin Eyes Rebound To $98,600 But Analyst Suggests Caution

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Bitcoin Drops Below $97,000 Amid Market Pullback And Analyst …

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Jan 8, 2025 · Bitcoin (BTC) experienced a decline from the $100,000 support level, falling to approximately $94,500 amid market corrections. Key points include: BTC initially started 2025 trading around $92,000, later gaining 6.5% before falling below $97,000. After reaching above …

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Bitcoin’s Drop Triggers $1.57 Billion In Liquidations

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In the past 24 hours, the crypto market saw $1.57 billion in liquidations, the highest recorded since September 2021. Graph showing the total amount of value liquidated from June 1, 2021, to Dec. 10, 2024 (Source: CoinGlass) Bitcoin’s drop below $97,000 led to $1.39 billion in longs being …

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Bitcoin Eyes Potential Rebound To $98,600, But Analyst

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Jan 8, 2025 · Amid the drop, an analyst shared his “cautiously bullish” outlook for BTC’s price. Bitcoin Risks Crash To $74,000. On Tuesday, Bitcoin dropped below $97,000, dragging the market into the first pullback of the year. BTC began 2025 trading around the $92,000 level but …

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Bitcoin Retreats Below $98K As Market Weighs Economic Data And ...

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Jan 8, 2025 · Bitcoin experienced significant volatility in the first week of 2025, briefly touching $102,180 before retreating below the psychological $98,000 level amid stronger-than-expected U.S. economic data.The pullback triggered nearly $300 million in long-position liquidations, …

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Bitcoin Drops To $97,000 Following Fed’s Hawkish Stance

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Dec 20, 2024 · Bitcoin fell sharply below $98,000 on Thursday as the U.S. Federal Reserve’s surprisingly hawkish policy outlook weighed on the broader cryptocurrency market. ... Bitcoin Drops to $97,000 ...

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Bitcoin Drops Below $97,000 As Treasury Yields Pressure Risk Assets

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Jan 7, 2025 · Bitcoin slumped on Tuesday as a spike in Treasury yields weighed on risk assets broadly.. The price of the flagship cryptocurrency was last lower by 5% at $96,525.50, according to Coin Metrics ...

nbcnewyork.com

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Bitcoin Trades Around $97,000, Recovers From Earlier Losses

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Dec 20, 2024 · Bitcoin fell sharply on Friday amid broader caution in risk assets. Bitcoin traded at around $92,808.07 at 6:57 a.m. ET on Friday, down around 9% from 24 hours before where it was priced above ...

nbcnewyork.com

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Bitcoin Dumps To $97,000, Ethereum, XRP, Dogecoin Follow It …

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Jan 7, 2025 · Zinger Key Points. Global cryptocurrency market capitalization is trading 4.8% lower to $3.4 trillion. One trader predicts a break below $97,000 could lead to a dip to $92,000 while another sees a ...

benzinga.com

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Bitcoin Plummets Below $97K Amid Strong US Data, $555M …

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Jan 8, 2025 · The Bitcoin (BTC) price fell below $97,000 on Wednesday as economic data from the US fuelled fears over inflation. The data followed reports of solid job openings and a jump in services sector activity, adding to fears that the Federal Reserve will slow its efforts to loosen …

thebitjournal.com

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Bitcoin Price Falls To $97,000: A Closer Look At Its 7% Drop

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Dec 20, 2024 · Bitcoin briefly reached an all-time high above $108,000 earlier this month before succumbing to a sharp downturn. Over the past 24 hours, its value dropped 7%, settling around $97,000. This decline is part of a broader market correction that has affected major …

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Bitcoin Bounce Soothes Bear-market Fears. But Beware If It Falls …

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1 day ago · If bitcoin BTCUSD breaks below a critical support level at $91,615, it would very likely fall towards $74,000, Tyler Richey, technical analyst and co-editor at Sevens Report, wrote in emailed ...

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Bitcoin Could Drop Below $90,000 If It Doesn’t Break This Level

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To the analyst, this resistance marks a “moment of truth” as a daily close above it could send BTC toward the $100,000 mark. However, continuing to close below it risks a “likely reject at the trendline resistance once again.” Despite hitting the $97,000 mark yesterday, BTC closed …

newsbtc.com

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Fed’s Economic Plot Twist Sends Bitcoin Crashing Below $97,000

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Jan 9, 2025 · Market watchers warn that if Bitcoin drops below $90,000 and stays there for a full day of trading, it could trigger a much bigger decline. Some analysts say this could lead to a 20% drop ...

greenbot.com

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Bitcoin Price Drops Amid Concerns Over Market Cycle Peak, …

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Jul 3, 2024 · Bitcoin Price Drops Amid Concerns Over Market Cycle Peak, According to Analyst. Bitcoin's price has declined by 1.35% in the last 24 hours, now standing 16% below its all-time high of $73,835 ...

yahoo.com

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Bitcoin Price Stalls. Why Inflation Data Matter For Crypto. - Yahoo

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19 hours ago · Bitcoin Surges Over 6% to $97,000 as Global Markets Rally and Key U.S. Inflation Data Looms ... Bitcoin reserves drop to 7-year lows; hedge funds increase exposure amid potential supply shock ...

yahoo.com

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Bitcoin Eyes Potential Rebound To $98,600, But Analyst Suggests …

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Amid the drop, an analyst shared his “cautiously bullish” outlook for BTC’s price. Bitcoin Risks Crash To $74,000. On Tuesday, Bitcoin dropped below $97,000, dragging the market into the first pullback of the year. BTC began 2025 trading around the $92,000 level but climbed around …

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Bitcoin Price Drops Below $100,000: Trading At $97,000 - Analytics …

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Jan 8, 2025 · Bitcoin price has recently displayed significant volatility, with the price stabilizing near $97,000 after reaching a high of $102,700.This movement has been influenced by stronger-than-expected U.S. economic data, which led to a multi-year high in the 10-year U.S. Treasury …

analyticsinsight.net

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Bitcoin Hits $97,000-Is This A Fake Breakout Or The Start

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Jan 3, 2025 · However, the profit taking over the crypto has surged to a large extent that may have kept the token within the consolidated range. As per the data shared by the popular analyst, ALI, the traders holding long positions have closed significantly. The long positions have seen …

coinpedia.org

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Bitcoin Dips Below $100K Amid $565M In Liquidations

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Dec 6, 2024 · Bitcoin faced a sharp pullback on December 6, dropping to $97,000 after briefly reaching an all-time high of $103,900 just a day prior. This drop came amid a significant market liquidation event, with traders losing over $565 million in Bitcoin positions alone. Market …

coinpush.app

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#Bitcoin Breaks $100K In A Game-Changing 2024 - YouTube

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2024 was huge for crypto. Bitcoin hit $100K, ETFs brought billions, and meme coins plus AI-driven platforms like Pump.Fun stole the spotlight. With Bitcoin h...

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FAQs about Bitcoin Eyes Rebound To $98,600 But Analyst Suggests Caution Coupon?

Why did bitcoin drop below $97,000?

Bitcoin dropped below $97,000 on Wednesday, losing its grip on the $100,000 level. The decline followed a series of positive US economic reports Tuesday, which raised fears that a potential inflation rebound could delay the Federal Reserve’s plans to ease monetary policy. ...

How much money did bitcoin liquidate before a drop?

The 12-hour liquidation data shows a substantial $91 million in short liquidations, which occurred earlier during Bitcoin’s price rise before the drop. This indicates that some traders attempted to short a rally, only to be liquidated as the price briefly surged before falling. ...

What happens if bitcoin breaks below $90000?

Digital assets risk a major downturn if bitcoin breaks below $90,000, Standard Chartered said. In this scenario, the apex token could decline as far as $80,000. Such a decline from current levels would amount to a 17% drawdown. Crypto bulls are expecting President-Elect Donald Trump's deregulatory agenda to send bitcoin higher this year. ...

Why did bitcoin drop 5% on Tuesday?

Bitcoin slumped on Tuesday as a spike in Treasury yields weighed on risk assets broadly. The price of the flagship cryptocurrency was last lower by 4.8% at $97,183.80, according to Coin Metrics. The broader market of cryptocurrencies, as measured by the CoinDesk 20 index, dropped more than 5%. ...

What happens if a correction takes bitcoin to $80K?

If a correction does take bitcoin to the low $80,000s, the token would suffer a roughly 17% decline from Tuesday's high. However, FxPro chief market analyst Alex Kuptsikevich predicted on Monday that deflating risk appetite could deepen a future decline — a negative scenario would pull bitcoin back to $74,000. ...

Could forced or panic selling amplify a bitcoin sell-off?

In this scenario, it's entirely possible that forced or panic selling could amplify an ongoing sell-off currently driven by economic concerns. Although bitcoin's price briefly reached as high as $97,000 on Tuesday, the currency was trading near the key threshold just one day prior. ...