The current price of $BTC , January 10, 2025, has fallen sharply to $93,000. This decline occurred after Bitcoin failed to maintain bullish momentum due to a combination of selling pressure from short traders and macroeconomic concerns.
Technical analysis shows a double bottom pattern starting to form at the $90,000 level, which could trigger a trend reversal. However, the risk of further declines remains if this support fails to hold.
Factors that influenced the decline in Bitcoin price include:
- The planned sale of $6.5 billion of Bitcoin by the US government, which could add bearish pressure on the market. - Higher-than-expected JOLTs jobs data, indicating rising inflation and potential interest rate hikes. - Fragile investor sentiment and macroeconomic concerns.
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Non-Farm Payroll (NFP) is an important economic data that provides insight into the health of the US labor market. The release of this data can impact investment markets globally, including cryptocurrency investments. If the NFP shows strong job growth, this could signal a strong economy and could boost investor confidence, including in cryptocurrency investments.
Actually, crypto can be made one of the priorities as an asset investment option. Why?
1. If you have a lot of capital, you can convert it to crypto to be used as a future asset
2. If your capital is not too much, you can make crypto trading an option with fluctuations that can reach thousands of percent. That miracle can only happen in the crypto market
3. If you have no capital at all, you can work on as many airdrops as possible where that cannot be done in investment instruments other than crypto
Of course, all of that must be accompanied by mature analysis, knowledge, planning, and management.
Amid today's $BTC price decline, Cointelegraph reported (9/1/25) that Bitcoin holders in large numbers are buying back this crypto asset after its price plunged in late 2024, after reaching a six-digit high record.
More than 34,000 Bitcoins, currently worth around $3.2 billion, have been accumulated by institutional investors. This massive purchase provides buying pressure that supports the current Bitcoin price recovery.
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Today's Bitcoin trading analysis shows that the current price of $BTC is at 95527.92 USD, with a price change of -5.82% in the last 24 hours. Here are some technical analyses:
Technical Analysis - The current price is below a strong support level, allowing a reversal to the bullish direction. - Buying volume is increasing, indicating buying pressure that is pushing the price back into the bullish zone. - Stoch shows the price is starting to fall, and if it is below 50, then a bearish dominance can be formed.
Prediction - BTC has the potential to form an H&S (Head and Shoulders) formation, which can signal a change in trend. - BTC price can go down for a deeper correction or bounce in the support zone.
Trading Strategy - Scalp buy with entry at 96200-96400 and stop loss below 96000. - Short with entry at 102000-102400 and stop loss at 102800.
Note - Make sure to use good risk management and monitor overall market sentiment. - This analysis is for reference only and does not constitute investment advice.