Bitcoin has kicked off 2025 on a strong footing, flirting with the $100,000 mark again on its 16th anniversary. Since losing the $100,000 level on December 19, 2024, the premier cryptocurrency has struggled to gather any significant bullish momentum. However, the price of BTC seems to be in the recovery phase at the moment, with an almost 5% increase in the past week. According to a prominent crypto analyst on the social media platform X, the current price setup suggests that Bitcoin is currently at a pivotal juncture. Bitcoin Price Retests 50-Day MA — What Next? Popular crypto pundit Ali Martinez took to the X platform to reveal the current layout of the Bitcoin price and the potential impact on its future trajectory. According to the analyst, the flagship cryptocurrency’s price is at a “critical point.” Related Reading: Dogecoin Bullish Signal: Whales Make $1.08 Billion Net DOGE Purchase The rationale behind this claim is Bitcoin’s action around the 50-day moving average (50MA) on the daily price chart. The 50-day MA is a common technical indicator used to track the medium-term trend of an asset’s price (Bitcoin, in this scenario). In Bitcoin’s case — from the highlighted charts, the 50-day moving average has served as significant support and resistance points in the past. It appears that the Bitcoin price successfully broke underneath the 50-day MA and has climbed back to retest the breached support. According to Martinez, the price of the premier cryptocurrency is at risk of moving to the downside once the retest is complete. However, the analyst noted that a sustained close above the 50-day moving average could invalidate the bearish projection for Bitcoin and perhaps signal the end of the ongoing price correction. As of this writing, the price of Bitcoin stands at around $98,358, reflecting a 1% increase in the past day. According to data from CoinGecko, the flagship cryptocurrency is up by nearly 5% in the last seven days. Can Growing Exchange Outflows Trigger Fresh Bullish Momentum? In another post on X, Martinez revealed that significant amounts of Bitcoin have been flowing out of exchanges in the past week. Data from CryptoQuant shows that over 48,000 BTC (worth more than $4.5 billion) have been withdrawn from exchanges in the past seven days. Related Reading: XRP Surpasses USDT: Becomes 3rd Largest Crypto With $139 Billion Market Cap This funds’ movement signals a shift in sentiment, as investors are moving their coins to non-custodial wallets possibly for long-term storage. This could suggest that investors are becoming increasingly confident in the future promise of the market leader. The increased flow of coins from centralized exchanges could also indicate fresh buying activity, with investors choosing to store their newly acquired assets off the trading platforms. Ultimately, this exchange outflow could be a bullish signal for the Bitcoin price. Featured image from iStock, chart from TradingView
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Raoul Pal Predicts Sui’s Meteoric Rise in the Crypto Market
Raoul Pal predicts a strong rise for Sui after breaking key resistance. Pal expresses optimism about both Sui and Solana`s market potential. Continue Reading: Raoul Pal Predicts Sui’s Meteoric Rise in the Crypto Market The post Raoul Pal Predicts Sui’s Meteoric Rise in the Crypto Market appeared first on COINTURK NEWS . NewsBTC
Early 2025 Inflows for Crypto Investment Products Reach $585M in Just 3 Days
In the first three days of this year, digital asset investment products experienced inflows totaling $585 million. However, the full week, including the last two trading days of 2024, recorded net outflows of $75 million. Globally, 2024 concluded with a record-breaking $44.2 billion in inflows. This figure is nearly four times the previous record of $10.5 billion set in 2021. The surge came despite the crypto prices plunging in the latter part of the year. Bitcoin Leads with $38B Inflows in 2024 According to CoinShares’ first edition of ‘Digital Asset Fund Flows Weekly Report ‘ for 2025, this surge was primarily driven by the introduction of the spot-based ETFs in the US, which accounted for 100% of the inflows at $44.4 billion. Other countries, such as Switzerland, saw inflows of $630 million, and significant outflows from Canada with $707 million and Sweden with $682 million offset these gains, as many investors shifted to US-based products or realized profits. CoinShares’ head of research, James Butterfill, revealed that Bitcoin dominated the market in 2024 as it secured $38 billion in inflows and accounted for 29% of total AuM. Short-Bitcoin investment products also gained $108 million, but it was slightly less than the $116 million recorded in 2023. Ethereum rebounded strongly towards the end of the year, achieving $4.8 billion in inflows, which represented 26% of its AuM. Interestingly, this was 2.4 times higher than in 2021 and 60 times the inflows of 2023. Solana, on the other hand, attracted only $69 million in inflows, representing 4% of AuM. Altcoins, excluding Ethereum, contributed $813 million in inflows, equivalent to 18% of AuM. Bitcoin Stares At “Heft Sell Wall” The new year began with Bitcoin briefly receiving a boost from the buyers after a dull December. Another positive start to the week briefly pushed the crypto asset beyond $99,800. Bitcoin appears to be inching closer toward the coveted $100,000 mark, which QCP Capital describes as a “hefty sell wall” wherein it saw increased selling pressure in December. While the milestone was first breached on December 5, thereby causing funding rates to surge above 60%, QCP Capital stated that the current funding levels remain stable, reducing the likelihood of an imminent short squeeze. Unlike December’s rally, the market appears less likely to experience any major catalysts – such as Trump-related developments – until after his January 20 inauguration. Additionally, frontend volatility has stayed “soft” with a relatively neutral skew, which indicates a similar sentiment. The post Early 2025 Inflows for Crypto Investment Products Reach $585M in Just 3 Days appeared first on CryptoPotato . NewsBTC