Key Takeaways:
- Bitcoin sellers at a record low, indicating a possible breakout.
- $95K remains a critical support zone; $100K is the key resistance.
- Breakout above $100K could lead to new all-time highs.
- Breakdown below $94K may trigger further losses toward $91K.
Bitcoin’s price action has been stuck between $94K and $100K for nearly two weeks, frustrating traders awaiting the next major move. However, on-chain data from CryptoQuant suggests that the number of sellers willing to sell at a loss has dropped to a minimum, hinting at a possible bullish breakout.
Read also: Bitcoin Price Struggles Below $96K—Key Support and Resistance Levels to Watch
Bitcoin’s Tight Range Hints at Impending Volatility
BTC’s sideways trading pattern has left both bulls and bears in a standoff, unable to take control. But this consolidation period could be the calm before the storm as supply tightens and demand potentially increases.
📌 CryptoQuant analyst Axel Adler:
“The number of sellers willing to sell at a loss has dropped to a minimum, suggesting that Bitcoin holders are confident in higher prices ahead.”
At the current levels, the number of sellers willing to sell at a loss has dropped to a minimum. Overall, there’s nothing to do at these levels – it’s time to move on. pic.twitter.com/X5gtUMkjHA
— Axel 💎🙌 Adler Jr (@AxelAdlerJr) February 18, 2025
Historically, when sellers disappear at key price levels, Bitcoin tends to experience increased volatility, often leading to a significant price move.
Key Levels to Watch: $100K Resistance & $94K Support
Bitcoin is currently trading at $95,600, maintaining its range-bound movement. The $95K support zone has been crucial, preventing further downside, while the $100K resistance remains a major barrier for bulls.
Bullish Scenario: If BTC breaks above $100K, it could enter price discovery mode, potentially leading to a new all-time high (ATH).
Bearish Scenario: If BTC drops below $94K, selling pressure could increase, pushing prices toward $91K-$93K.
Read Also: Bitcoin Mining Hashrate Surges 95%—U.S. Firms Now Dominate 29% of Network
Market Sentiment: Bullish or Bearish?
📈 Why a Breakout Could Happen:
- Sellers are disappearing, reducing sell-side pressure.
- Bitcoin is holding key support levels despite short-term uncertainty.
- Institutional interest remains strong, supporting the long-term bullish outlook.
📉 Why Caution is Needed:
- The market has struggled to break above $98K, signaling strong resistance.
- A drop below $94K could trigger panic selling, leading to further downside.
What’s Next for BTC?
With volatility expected to return soon, traders are watching for a decisive breakout or breakdown. If BTC can hold above $95K and reclaim $98K, the path toward $100K+ becomes clearer. However, failure to do so may extend the choppy price action for weeks.
The next few days are crucial, and traders are advised to stay alert as Bitcoin gears up for its next big move.
