Bitcoin has recovered from its 2025 and 8-week low of just below $90,000 during late trading on Monday, Jan. 13.
The asset gained around $5,000 over the past 12 hours from that drop or so to tap the $95,000 level during trading in Asia on Tuesday morning.
BTC is now back in the middle of its range-bound channel that formed in mid-November, having bounced off the lower band support for the fourth time over the past month.
āWe got the bounce, but the question is how much follow-through can we get?ā asked business consultant Jacob Canfield on X on Jan. 14.
He added that it would be ideal if BTC could hold $92,000 to challenge the range high of $95,400.
Trader Bob Loukas asked whether the Bitcoin low was in yet, arguing that it wasnāt. āSentiment is getting bearish, but permabull accounts are still saying ābuy nowā vocally,ā he observed. He added that a downside move to $80,500, a 50% Fibonacci retracement or 25% drawdown, āwould be normal.ā
BTC pulled back around 25% in January 2021, the year of the last bull market peak, so history may rhyme.
Meanwhile, Bitwise CEO Hunter Horsley said 2025 was the year for Bitcoin and crypto, which has āSo many tailwinds and so few headwinds.ā
Santiment reported that the top trending topics in crypto heavily revolve around Bitcoinās temporary drop under $90,000 and Trumpās inauguration next week.
āRegarding the former, the fact that ā$90Kā was being spammed across social media was a great fear signal that would foreshadow a bounce,ā analysts said.
Total market capitalization remains at $3.43 trillion, where it was this time yesterday following the recovery bounce.
Ethereum hasnāt recovered as much following its brief dip below $3,000 and was trading at $3,180 at the time of writing, down almost 14% on the week.
Altcoins were mixed with a few in the green, including Dogecoin (DOGE), Sui (SUI), Hedera (HBAR), and Hyperliquid (HYPE).
The post Bitcoin Bounces Back to $95K as Bullish Sentiment Returns appeared first on CryptoPotato.
The asset gained around $5,000 over the past 12 hours from that drop or so to tap the $95,000 level during trading in Asia on Tuesday morning.
BTC is now back in the middle of its range-bound channel that formed in mid-November, having bounced off the lower band support for the fourth time over the past month.
Bitcoin Bullposters Are Back
āWe got the bounce, but the question is how much follow-through can we get?ā asked business consultant Jacob Canfield on X on Jan. 14.
He added that it would be ideal if BTC could hold $92,000 to challenge the range high of $95,400.
Trader Bob Loukas asked whether the Bitcoin low was in yet, arguing that it wasnāt. āSentiment is getting bearish, but permabull accounts are still saying ābuy nowā vocally,ā he observed. He added that a downside move to $80,500, a 50% Fibonacci retracement or 25% drawdown, āwould be normal.ā
BTC pulled back around 25% in January 2021, the year of the last bull market peak, so history may rhyme.
Meanwhile, Bitwise CEO Hunter Horsley said 2025 was the year for Bitcoin and crypto, which has āSo many tailwinds and so few headwinds.ā
Santiment reported that the top trending topics in crypto heavily revolve around Bitcoinās temporary drop under $90,000 and Trumpās inauguration next week.
āRegarding the former, the fact that ā$90Kā was being spammed across social media was a great fear signal that would foreshadow a bounce,ā analysts said.
Elsewhere on Crypto Markets
Total market capitalization remains at $3.43 trillion, where it was this time yesterday following the recovery bounce.
Ethereum hasnāt recovered as much following its brief dip below $3,000 and was trading at $3,180 at the time of writing, down almost 14% on the week.
Altcoins were mixed with a few in the green, including Dogecoin (DOGE), Sui (SUI), Hedera (HBAR), and Hyperliquid (HYPE).
The post Bitcoin Bounces Back to $95K as Bullish Sentiment Returns appeared first on CryptoPotato.
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