Bitcoin (BTC) Market Consolidate below $100K Mark, as Experts Eye Crucial Support Levels

Bitcoin is currently trading in a sideways range below the $100K mark, struggling to establish a clear short-term direction.

Bitcoin price movements have been largely sideways over the past week as the cryptocurrency consolidates following a massive rally that saw BTC hit a new all-time high above the $93K level.

After reaching a peak of $93,333 on January 4, Bitcoin price faced strong resistance at this level and began consolidating within a tight range. Bullish momentum stalled as the market sentiment turned bearish, sparking concerns among investors.

Bitcoin price movements have been largely sideways over the past week as the cryptocurrency consolidates following a massive rally that saw BTC hit a new all-time high above the $93K level.

After reaching a peak of $93,333 on January 4, Bitcoin price faced strong resistance at this level and began consolidating within a tight range. Bullish momentum stalled as the market sentiment turned bearish, sparking concerns among investors.

Bitcoin price movements have been largely sideways over the past week as the cryptocurrency consolidates following a massive rally that saw BTC hit a new all-time high above the $93K level.

After reaching a peak of $93,333 on January 4, Bitcoin price faced strong resistance at this level and began consolidating within a tight range. Bullish momentum stalled as the market sentiment turned bearish, sparking concerns among investors.

Bitcoin is currently trading at $97,473, down 0.2% over the past 24 hours and up 1.3% over the past week. Among the top cryptocurrencies, NEAR protocol price surged over 12% and is the best performer, while XRP price slipped by 2.5%, making it the worst performer for the day.

Bitcoin price movements have been largely sideways over the past week as the cryptocurrency consolidates following a massive rally that saw BTC hit a new all-time high above the $93K level.

After reaching a peak of $93,333 on January 4, Bitcoin price faced strong resistance at this level and began consolidating within a tight range. Bullish momentum stalled as the market sentiment turned bearish, sparking concerns among investors.

Bitcoin price movements have been largely sideways over the past week as the cryptocurrency consolidates following a massive rally that saw BTC hit a new all-time high above the$93K level.

After reaching a peak of $93,333 on January 4, Bitcoin price faced strong resistance at this level and began consolidating within a tight range. Bullish momentum stalled as the market sentiment turned bearish, sparking concerns among investors.

Crypto expert Ali Martinez shared key data from Glassnode, highlighting that the most critical support level for Bitcoin is $93,300, based on the MVRV Pricing Bands. This level has been identified as a major area of accumulation and price stability, which could serve as a foundation for the next upward move.

Investors are closely tracking these critical levels as Bitcoin consolidates before a move. The coming weeks will likely provide greater clarity on whether Bitcoin can sustain its bull run or if further corrections are on the horizon. Market sentiment and technical indicators will play a key role in determining BTC’s next phase.