Bitcoin Bottom Forming as Sell Pressure Fades

Bitcoin’s Sell-Side Pressure Declines, Indicating Potential Market Bottom

• Bitcoin is trading at $98,650, just below the $100,000 mark.
• The sell-side risk ratio for Bitcoin has sharply declined since mid-January 2025.
• A weekly close above $97,000 is crucial to maintain Bitcoin’s higher low as support.
• Analysts suggest a potential move beyond $108,000, possibly reaching a new all-time high of $111,000.
• Recent analysis indicates early signs of bullish divergence in Bitcoin’s price momentum.

At the time of writing, Bitcoin trades at $98,650 with a noted decline in sell-side pressure since mid-January 2025. Analysts emphasize the importance of maintaining key support levels to confirm a potential market bottom.