Bitcoin Strong Support Wall Maintains Bullish Drive

After a week of volatility, Bitcoin (BTC) hit a local low of $95,000 on Wednesday. The crypto market leader has now rebounded to nearly $101,000, but BTC has again consolidated, sparking speculation on its future move.

Bitcoin Strong Support Wall Maintains Bullish Drive

On December 13, famous crypto analyst Ali Martinez noted a major Bitcoin market development. Martinez said IntoTheBlock data shows that recent investor activity has created a Bitcoin support wall between $94,300 and $100,250.

At both price levels, 2.25 million wallets bought 2.18 million BTC worth $220.75 billion, creating a physiological threshold for purchasing pressure.


These big purchases at such high prices give a solid bullish floor that may accelerate future price rise after a price retest. Bitcoin has yet to break $103,000 despite its spectacular price climb over the previous two months.

Investors should notice that a sudden price decrease like the recent flash price collapse below the indicated support wall might trigger many stop-loss orders and panic selling, resulting in a severe price decline. If so, BTC may fall below $92,000, its next major support zone.

Based on its past performance after presidential elections, Bitcoin is projected to rise significantly before the year ends. Bullish mood is supported by increased spot Bitcoin ETF market inflows, indicating significant institutional interest in the top cryptocurrency.

Martinez believes the leading cryptocurrency will reach a market high in October 2025 if it replicates its 2015 and 2018 price cycles. Bitcoin's brief bull price history from 2011 would indicate that the asset has reached its top price for this bull run with no additional increases tonight.

BTC is now at $101,956 after a 1.08% rise in 24 hours. However, the asset's trading volume has dropped 20.53%, suggesting a drop in market involvement.

#BTCReclaims101K #BitcoinKeyZone #MicroStrategyJoinsNasdaq100 $BTC $ETH $XRP