Bitcoin (BTC) Investors Put Sustained Uptrend in Doubt as Selling Pressure Mounts

For many investors, 2025 seems like an extremely bullish year for the broader crypto market. But on the first day, Bitcoin (BTC) faces intense

After a strong rally in 2024, crypto investors might have anticipated a bullish 2025. However, on the first day of the year, BTC faced selling pressure from day one. This raised concerns about the flagship cryptocurrency’s ability to break above $95,000.

In this analysis, BeInCrypto examines Bitcoin’s short-term price outlook using key indicators.

Bitcoin Investors Put Sustained Uptrend in DoubtAfter the US elections in November 2024, the Bitcoin Coinbase Premium Index soared to 0.14. The Coinbase Premium Index indicates whether there is strong buying pressure among US investors or whether they are selling in large volumes.

High values, like those in November, indicate strong selling pressure. However, as of this writing, the index has dropped to -0.22, which is the lowest level in the last 12 months. This drastic decline indicates that Bitcoin investors in the US are selling their assets.

Meanwhile, BTC trades at $95,318, up by a mild 2.06% in the last 24 hours. However, if these investors continue to sell their BTC, this trend might change, leading to a lower price for the cryptocurrency.

Following this development, crypto analyst Burak Kesmeci noted that it could become difficult for the Bitcoin price to climb.

“Such trends can create a challenging environment for Bitcoin’s short-term price recovery unless we see a shift in macroeconomic conditions or renewed interest from institutional or retail buyers,” Kesmeci opined via CryptoQuant.

Another indicator that supports this outlook is the price — Daily Active Addresses (DAA) divergence. This metric measures the relationship between user engagement on a blockchain and the price action.

When it is positive, it implies that user participation has improved, which is bullish for the cryptocurrency. On the other hand, a negative reading indicates decreasing user engagement, which is, in turn, bearish.

As shown above, Bitcoin’s price DAA divergence is down to 231%, indicating the latter. If this trend persists, the possibility of BTC trading below the $90,000 mark could grow even stronger.

BTC Price Prediction: Sub-$90,000 Levels Still PossibleEven though BTC has recently seen an increase, the Exponential Moving Average (EMA) suggests that the recent upswing might not last. The EMA is a technical indicator that gauges trend direction relative to the price.

When the EMA slopes above the price, the trend is bearish. But when the price is above the indicator, the trend is bullish. As of this writing, BTC is trading below the 20 EMA (blue), indicating that the value of cryptocurrency might continue to decrease.

Should the crypto fail to rise above the 20 EMA and Bitcoin selling pressure increases, then the price might drop to $85,851. However, if US investors contribute to Bitcoin’s buying pressure, this trend might change. In that scenario, the coin’s value might jump to $108,398.