The main bitcoin level appears at $ 97,877

Bitcoin (BTC) is still just less than 105,000 dollars and no indications of its next movement appear. While penetration can spark an upward momentum and revive the excitement about this bullish trend of encrypted currencies, it is also important to resist speculators to rise in the market further to certain price levels.

Bitcoin price must remain above 97,877 dollars to maintain the upward trend

After a large price correction in December 2024, Bitcoin appears to have regained its upper form in 2025 to rise to the highest new level ever at $ 109,114 when Donald Trump took office as President of the United States.

Currently, the main cryptococcus assets are traded at less than $ 105,000 after a series of great gains and losses during the past week. Amid this uncertainty in the market, the famous cryptocurrency analyst Ali Martinez highlighted the level of vital price support to maintain the current budget of Bitcoin.

in X Share On January 25, Martinez stated that investors raised more than 101,000 Bitcoin worth $ 97,877, around this price area into a major support level. Therefore, the price of bitcoin should be settled above this level to ensure the continuation of the current upward trend.

It is worth noting that the accumulation of huge amounts of bitcoin at a price of 97,877 USD indicates strong market confidence among investors. The transformation of this high market price into a potential price of bitcoin indicates expectations of a long ups and higher profit levels.

It is interesting that some technical indicators also support this bullish feeling. Based on the daily trading graph of Bitcoin, the relative strength index is located at 60.83, indicating that the main encrypted currency still has a great room for growth before entering the peak area and the price reflection experience.

However, if BTC loses its support level at $ 97,877 due to tremendous sale pressure, this price decrease will indicate a wider bounce in the market, which paves the way for a free drop to about 92,800 dollars, where the following important support zone is located.

BTC investors show a strong demand with high CEX flows outward

In other news, the Blockchain InTothheblock Analysis platform Reports Central stock exchanges (CEX) recorded $ 800 million of net flows from Bitcoin during the past week.

This development indicates a high demand by bitcoin investors who buy and transfer bitcoin to private portfolios in anticipation of future gains. More importantly, the decrease in the supply of bitcoin on the stock exchanges reduces the possibility of any major sale pressure that negatively affects prices.

At the time of publication, Bitcoin trading prices reached $ 10,805, which reflects a slight decrease of 0.15 % last day. Meanwhile, the daily trading volume decreased by 53.81% to $ 25.5 billion. Despite these measures, Bitcoin community is still largely bullied, according to Poll Data from Coinmarketcap. With a market value of $ 2.07 trillion, the first cryptocurrency retains the hegemony by 57.7 % of the total digital asset market.