Critical Support Levels Under Threat<\/strong><\/h2>\nCryptoQuant analyst<\/a> Shayan has had something important to say about current conditions in Bitcoins. According to him, the price is trying to stabilize right above the value of $92,000 level, which he further says is a key support.<\/p>\nHe notes that Bitcoin is stabilizing near the $92,000 mark, which he identifies as a crucial support zone. If Bitcoin breaks below this level, it could trigger a wave of long liquidations and push prices down toward the 100-day moving average of $81,000. Also, this line has been performing as a real dynamic support by attracting buying inflows and can also cushion prices during further descent.<\/p>\n![\"\"](\"https:\/\/uniquehot.com\/wp-content\/uploads\/2025\/01\/a_c07bd1.png?resize=1024%2C584\")
Source: CryptoQuant<\/figcaption><\/figure>\nShayan underlines the role of market sentiment and technical indicators. At present, Bitcoin is fluctuating at significant support levels which are created in the $90K level and Fibonacci retracement levels at $87K and $82K. If the above-mentioned levels do not hold, there could be further selling pressure with corrections.<\/p>\n
Bitcoin Bullish Outlook Despite Bearish Fears<\/strong><\/h2>\nAmidst this uncertainty, renowned cryptocurrency analyst Crypto Rover has expressed a bullish outlook for Bitcoin. He recently compared today\u2019s price action with historical patterns, suggesting that January could see positive trends for Bitcoin.<\/p>\n
\n#Bitcoin<\/a> history is exactly repeating.<\/p>\nJanuary will turn green.<\/p>\n
You’ll regret not buying more here. pic.twitter.com\/DCssLNMGh6<\/a><\/p>\n\u2014 Crypto Rover (@rovercrc) January 8, 2025<\/a><\/p><\/blockquote>\nIn a tweet, he stated, \u201cBitcoin history is exactly repeating. January will turn green. You\u2019ll regret not buying more here.\u201d His analysis indicates that if Bitcoin can break through the critical resistance level of $100,000, it could potentially barrel past $107,000.<\/p>\n
![\"\"](\"https:\/\/uniquehot.com\/wp-content\/uploads\/2025\/01\/a_50654a.png?resize=1024%2C571\")
<\/p>\n
Big Capital Inflows<\/strong><\/h3>\nRover’s positivity is strengthened by the huge capital inflows in Bitcoin ETFs<\/a>, which attracted more than $900 million of inflows from institutions like BlackRock<\/a> and Fidelity. Increasing institutional interest also signals confidence in the long-term prospect of Bitcoin. However, he also cautions that failure to close above the $100,000 mark will lead to a pullback to $92,000 or even lower.<\/p>\n![](\"https:\/\/www.tradingview.com\/x\/xoZPWlpT\/\")
BTC is now trading $93,231. Chart: TradingView<\/a><\/figcaption><\/figure>\nThe broader cryptocurrency market is feeling the strain too. This decline comes in tandem with Bitcoin’s failure to stay afloat, and other cryptocurrencies such as Ether and Solana<\/a> have fallen by more than 7%.<\/p>\n
He notes that Bitcoin is stabilizing near the $92,000 mark, which he identifies as a crucial support zone. If Bitcoin breaks below this level, it could trigger a wave of long liquidations and push prices down toward the 100-day moving average of $81,000. Also, this line has been performing as a real dynamic support by attracting buying inflows and can also cushion prices during further descent.<\/p>\n Shayan underlines the role of market sentiment and technical indicators. At present, Bitcoin is fluctuating at significant support levels which are created in the $90K level and Fibonacci retracement levels at $87K and $82K. If the above-mentioned levels do not hold, there could be further selling pressure with corrections.<\/p>\n Amidst this uncertainty, renowned cryptocurrency analyst Crypto Rover has expressed a bullish outlook for Bitcoin. He recently compared today\u2019s price action with historical patterns, suggesting that January could see positive trends for Bitcoin.<\/p>\n #Bitcoin<\/a> history is exactly repeating.<\/p>\n January will turn green.<\/p>\n You’ll regret not buying more here. pic.twitter.com\/DCssLNMGh6<\/a><\/p>\n \u2014 Crypto Rover (@rovercrc) January 8, 2025<\/a><\/p><\/blockquote>\n In a tweet, he stated, \u201cBitcoin history is exactly repeating. January will turn green. You\u2019ll regret not buying more here.\u201d His analysis indicates that if Bitcoin can break through the critical resistance level of $100,000, it could potentially barrel past $107,000.<\/p>\n Rover’s positivity is strengthened by the huge capital inflows in Bitcoin ETFs<\/a>, which attracted more than $900 million of inflows from institutions like BlackRock<\/a> and Fidelity. Increasing institutional interest also signals confidence in the long-term prospect of Bitcoin. However, he also cautions that failure to close above the $100,000 mark will lead to a pullback to $92,000 or even lower.<\/p>\n The broader cryptocurrency market is feeling the strain too. This decline comes in tandem with Bitcoin’s failure to stay afloat, and other cryptocurrencies such as Ether and Solana<\/a> have fallen by more than 7%.<\/p>\nBitcoin Bullish Outlook Despite Bearish Fears<\/strong><\/h2>\n
\n
<\/p>\nBig Capital Inflows<\/strong><\/h3>\n