Fidelity predicts that in 2025, more nation states, inspired by countries like the United States, El Salvador, and Bhutan, will strategically invest in Bitcoin. Matt Hougan, an analyst at Fidelity, thinks some have already started hoarding in secret. Whatever happens, in 2024, investors have flocked to cryptocurrency investment products. In total, there were more than $44 billion in entries, four times more than in 2021.
Despite an excellent year in 2024, 2025 starts in the red, and the price is once again dangerously close to $90,000. Have the operators changed strategy by distributing their BTC around $100,000? Here is the BTC bulletin!
Bitcoin price falls 1.7% in 24 hours
Over the last 24 hours, the price of Bitcoin is still showing red (-1.7%). From now on, the course drop of 1.5% in one week and more than 3% in one month :
| Pair | 1H | 24H | 7J | 1M | 3M | 6M |
|---|---|---|---|---|---|---|
BTC/ETH | -0.19% | -1.29% | 1.10% | 8.62% | 12.37% | 53.77% |
 BTC/USDT | -0.35% | -1.67% | -1.52% | -3.10% | 54.84% | 62.28% |
Bitcoin performance against different pairs. Source: Coincheckup
The king of cryptos maintains an increase of more than 50% in three months and more than 60% in six months. For its part, the BTC/ETH pair falls by 1.3% in 24 hoursbut it climbs1.1% in one weekalmost 9% in one month and more than 10% in three months.
Distribution in progress on Bitcoin around $100,000
The wish of cryptocurrency enthusiasts has been granted, the price of Bitcoin has indeed clearly crossed $100,000 in 2024. However, this is a psychological round number difficult to break. Because if the course has hit $108,000the sellers then took control, and they managed to bring the price back to around $90,000.
According to the on-chain indicator Accumulation Trend Scorethe operators are no longer accumulating (black). Since the start of 2025, a distribution is in place (orange) :
The situation has therefore changed, and it now looks like April 2024 with the start of distribution. Will this behavior continue? Or is it a case of slight profit taking? According to Arthur Hayes, the price of Bitcoin could record a top in March 2025.
BTC price is back on support at $92,000
After touching the resistance at $103,000 in 4H, the sellers showed up, and they managed to bring the price back into the ranges between $99,000 and $92,000. And the course is back around the 4H support at $92,000 :
And bounce is possible around this support, and in this case, the price could return to the level of the resistance at $99,000. In revenge, if bracket is brokenthe course could join the next support at $89,000. The RSI is currently slip below the bullish trendline. A reaction is needed here to avoid having momentum that weakens encore.
The $100,000 mark will not be easy to cross, especially since according to Glassnode data, operators are now distributing. Furthermore, the dollar is currently strong. Under these conditions, cryptocurrencies could have difficulty finding a place for themselves.
BITCOIN NEWS THAT COUNTS
An oenologist by training, I traveled to different countries and discovered Bitcoin and cryptocurrencies. I have trained in Technical Analysis in particular and I want to share my knowledge. I will continue to learn and share.
