- Bitcoin critical support is at $97,791.97 and resistance at $105,224. Breaking either level could determine the next move.
- A bearish MACD crossover and RSI near oversold conditions suggest weakening bullish momentum, but potential for recovery remains.
- Liquidation clusters near $98,000 signal systematic selling, creating accumulation opportunities for institutional investors at lower levels.
Bitcoin’s price has been on a volatile ride recently, with notable moves to liquidate downside liquidity as traders assess market trends. As of January 27, 2025, Bitcoin (BTC) is experiencing notable volatility. The cryptocurrency is trading near the benchmark $100,000 threshold as of the present moment. On the support side the key point rests at $97,791.97 while resistance emerges at $105,224. Failure to maintain current support positions could trigger an extension of Bitcoin’s decline toward $90,000.
Chart Analysis: Patterns and Trends
The current Bitcoin Signal line is at 1,675 and MACD line at 1,567, with a histogram value of -110. A bearish crossover suggests a weakening bullish momentum.The RSI (14 close) values stand at 46.65(current) and 58.30 (previous). The RSI’s downward movement indicates declining buying pressure, bringing Bitcoin close to oversold conditions. However, it’s not yet signaling an extreme, leaving room for recovery or further decline.The recent activities in the Bitcoin market show patterns of systematic selling which especially affected player liquidity.
Market Implications and Broader Trends
The liquidation of downside liquidity reflects traders closing positions at losses. This creates opportunities for whales or institutions to accumulate Bitcoin at lower prices. If liquidity continues to drain from the market, price volatility may persist.
Bitcoin’s movements are influenced by macroeconomic factors like Federal Reserve policy, global inflation concerns, and investor sentiment. The bearish momentum could deepen if broader markets correct further. Conversely, sustained accumulation at current levels might drive a rebound.
Price Prediction for January 28
If buyers defend the $97,791.97 support zone and momentum strengthens, Bitcoin could revisit $102,000 to $105,000 levels. A sustained break above $105,000 could trigger further gains. Failure to hold $97,791.97 might lead to a drop toward $90,000 or lower. Liquidation clusters below this level could accelerate selling pressure. Bitcoin remains in a pivotal zone, with traders closely watching support and resistance levels. The market’s next move will hinge on whether buyers can regain control or sellers dominate in the near term.
