{"id":6818,"date":"2025-01-01T08:10:30","date_gmt":"2025-01-01T07:10:30","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=6818"},"modified":"2025-01-01T08:10:30","modified_gmt":"2025-01-01T07:10:30","slug":"bitcoins-journey-is-a-new-year-surge-to-95000-on-the-horizon","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/01\/01\/bitcoins-journey-is-a-new-year-surge-to-95000-on-the-horizon\/","title":{"rendered":"Bitcoin’s Journey: Is a New Year Surge to $95,000 on the Horizon?"},"content":{"rendered":"

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As the year approaches its conclusion, a prominent analyst proposed that Bitcoin (BTC) could experience a rebound for the New Year following a significant 4.2% rise that led it to retest an important level.<\/p>\n

Related Reading<\/span><\/h2>\n<\/p>\n

Bitcoin Experiences Year-End Slowdown<\/h2>\n

Bitcoin has faced challenges in maintaining the mid-range of its one-month price spectrum as the cryptocurrency market encounters a year-end slowdown<\/a>. In December, BTC broke through the $100,000 threshold for the first time, achieving a new all-time high of $108,353 in the middle of the month.<\/p>\n

Throughout the past 30 days, the leading cryptocurrency has fluctuated between $90,000 and $108,000, predominantly oscillating between $96,000 and $102,000 for the majority of the month. Nevertheless, Bitcoin has witnessed a 10.5% reduction since reaching its ATH, unable to maintain the $98,000 mark over the past fortnight.<\/p>\n

The largest cryptocurrency by market capitalization experienced a brief recovery<\/a> on December 25 but swiftly lost its gains from the Christmas rally. Since that time, BTC\u2019s price has registered its most significant drop since the beginning of December.<\/p>\n

Bitcoin fell beneath the crucial $92,000 support area on Monday, dipping to $91,530 before bouncing back, raising concerns regarding BTC\u2019s monthly closing. However, New Year\u2019s Eve commenced with a 4.2% spike throughout the morning, igniting end-of-year optimism about a possible price rebound.<\/p>\n

The price of the cryptocurrency moved from $92,000 to $96,000 before retracing to the $95,000 support area. As BTC\u2019s price increased, crypto analyst Ali Martinez observed<\/a> that the TD Sequential indicated a buy signal on the 12-hour chart, potentially hinting at a price bounce on New Year\u2019s Day.<\/p>\n

\u2018All Is Well\u2019 For BTC\u2019s Rally<\/h2>\n

Martinez indicated that \u201ca consistent close above $94,700 could lead to a rebound to $97,500.\u201d As the analyst previously highlighted<\/a>, this level is one of BTC\u2019s most critical support areas, and reclaiming it is essential for the cryptocurrency\u2019s short-term rally.<\/p>\n

Conversely, \u201closing $92,500 as support will nullify the bullish signal,\u201d Martinez noted. Failing to maintain this level could also drive BTC to the $70,000 mark based on the UTXO Realized Price Distribution (URPD) chart.<\/p>\n

The analyst has suggested that a 25% decline to the $70,000 mark is feasible, as the URPD chart reveals minimal support beneath the critical support barrier.<\/p>\n

Related Reading<\/span><\/h2>\n<\/p>\n

Meanwhile, James Van Straten mentioned<\/a> that \u201ceverything is fine\u201d despite BTC\u2019s current price behavior. The analyst emphasized that \u201cthis cycle, similar to the previous three cycles for BTC, all witnessed corrections at this stage after the halving,\u201d adding that the \u201ccorrections are commencing later and concluding later, possibly due to extended cycles.\u201d<\/p>\n

At the time of this writing, Bitcoin is trading at $94,949, reflecting a 1% increase within the daily timeframe.<\/p>\n

El desempe\u00f1o de Bitcoin en el gr\u00e1fico de una semana. Fuente: BTCUSDT en TradingView<\/a><\/figcaption><\/figure>\n

Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n<\/p><\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Este art\u00edculo tambi\u00e9n est\u00e1 disponible en espa\u00f1ol. As the year approaches its conclusion, a prominent analyst proposed that Bitcoin (BTC) could experience a rebound for the New Year following a significant 4.2% rise that led it to retest an important level. Related Reading Bitcoin Experiences Year-End Slowdown Bitcoin has faced challenges in maintaining the mid-range<\/p>\n","protected":false},"author":3,"featured_media":6819,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[676,538,677],"class_list":["post-6818","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-gptreturn-a-list-of-comma-separated-tags-from-this-title-bitcoin-retests-95","tag-538","tag-is-a-new-year-rebound-coming-gpt"],"yoast_head":"\nBitcoin's Journey: Is a New Year Surge to $95,000 on the Horizon? - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/01\/01\/bitcoins-journey-is-a-new-year-surge-to-95000-on-the-horizon\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin's Journey: Is a New Year Surge to $95,000 on the Horizon? - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"Este art\u00edculo tambi\u00e9n est\u00e1 disponible en espa\u00f1ol. 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