{"id":3994,"date":"2025-04-02T18:13:08","date_gmt":"2025-04-02T18:13:08","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/bitcoin-reverses-losses-analysts-say-100k-is-on-the-horizon\/"},"modified":"2025-04-02T18:13:08","modified_gmt":"2025-04-02T18:13:08","slug":"bitcoin-reverses-losses-analysts-say-100k-is-on-the-horizon","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/bitcoin-reverses-losses-analysts-say-100k-is-on-the-horizon\/","title":{"rendered":"Bitcoin Reverses Losses\u2014Analysts Say $100K Is On The Horizon"},"content":{"rendered":"

Bitcoin prices have jumped to $85,020 in the last 24 hours, marking a 1.2% increase that reverses some of the recent downward momentum. The cryptocurrency is now testing a key resistance level that dates back to its January peak of $110,000, according to market analysts.<\/p>\n

Signs Of A Rebound Emerging<\/h2>\n

While Bitcoin<\/a> still shows a 3.4% drop over the past week and a 9.5% decline over the last month, signs of recovery are emerging. Technical analysts have spotted a strong one-day price candle that has completely erased the losses from the previous three days.<\/p>\n

The Relative Strength Index (RSI), a popular momentum indicator, has bounced off its support line. This technical signal often suggests building momentum for an upward price movement.<\/p>\n

According to reports from TradingView analysts<\/a>, Bitcoin faces its most significant challenge at the falling trend line that began on January 20. This resistance coincides with the 50-day moving average, and Bitcoin has already tested this level four times previously.<\/p>\n

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$100,000 Target Within Reach If Resistance Breaks<\/h2>\n

Market watchers eye a target just below $100,000 if Bitcoin can break its current wall. This goal sits near the top of February’s barrier zone and matches the 2.0 Fibonacci extension level, a key mark used by traders.<\/p>\n

A breakthrough could signal a move toward a long-term bullish trend for the cryptocurrency, which has faced big hurdles in recent weeks.<\/p>\n

The fifth test of this resistance level could prove decisive for Bitcoin’s near-term price direction. Traders are watching closely to see if this attempt will be successful where previous ones have failed.<\/p>\n

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\nLarge Holders Show Growing Confidence In Bitcoin<\/p>\n

According to figures supplied by Santiment<\/a>, the wallets holding between 1,000 and 10,000 Bitcoins increased to 1,993 by March 31. It is the biggest since December of 2024 and a rise by 2.5% within a five-week period when 50 large wallets joined the market.<\/p>\n

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\"\ud83d\udc33\" Bitcoin’s market value has fluctuated between $81K to $84K Monday. And while prices continue ranging as March draws to a close, whale wallets (specifically 1K-10K $BTC<\/a> holders) continue growing in number.<\/p>\n

There are now 1,993 #Bitcoin<\/a> wallets of this size, which is the highest\u2026 pic.twitter.com\/iVYj9XdxAj<\/a><\/p>\n

\u2014 Santiment (@santimentfeed) March 31, 2025<\/a><\/p>\n<\/blockquote>\n

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This accumulation pattern by large holders tends to decrease the supply of Bitcoin in circulation. When demand stays constant or increases while supply decreases, prices tend to go up.<\/p>\n

Exchange Outflows Signal Short-Term Bullish Outlook<\/p>\n

The activity of these “whale”<\/a> wallets is a primary gauge of market sentiment because these large holders tend to be privy to sophisticated research and market analysis that guide their investment choices.<\/p>\n

Meanwhile, Bitcoin’s movement to and from exchanges shows a 38% decline in net flows over the past 24 hours. According to IntoTheBlock analytics, this suggests traders are moving their Bitcoin off exchanges rather than preparing to sell.<\/p>\n

Featured image from Gemini Imagen, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin prices have jumped to $85,020 in the last 24 hours, marking a 1.2% increase that reverses some of the recent downward momentum. The cryptocurrency is now testing a key resistance level that dates back to its January peak of $110,000, according to market analysts. Signs Of A Rebound Emerging While Bitcoin still shows a…<\/p>\n","protected":false},"author":1,"featured_media":3995,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[119],"tags":[56,61,70,36,320],"class_list":["post-3994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto","tag-whales"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/3994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=3994"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/3994\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/3995"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=3994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=3994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=3994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}