Bitcoin price started another decline from the $102,500 zone. BTC is trimming 
gains and struggling to stay above the $96,500 support zone. Bitcoin started a 
fresh decline below the $100,000 level. The price is trading below $99,500 and 
the 100 hourly Simple moving average. There is a new connecting bearish trend 
line forming with resistance at $99,000 on the hourly chart of the BTC/USD 
pair (data feed from Kraken). The pair could start another increase if it 
stays above the $95,500 zone. Bitcoin Price Dips Below $100,000 Bitcoin price 
failed to continue higher above the $102,500 zone. It started another decline 
below the $100,000 zone. BTC gained bearish momentum for a move below the 
$98,500 and $97,500 levels. The bears pushed the price below the 50% Fib 
retracement level of the upward move from the $91,000 swing low to the 
$102,500 high. The price even tested the $96,500 support zone and is currently 
consolidating losses. There is also a new connecting bearish trend line 
forming with resistance at $99,000 on the hourly chart of the BTC/USD pair. 
Bitcoin price is now trading below $98,000 and the 100 hourly Simple moving 
average. On the upside, immediate resistance is near the $98,000 level. The 
first key resistance is near the $99,000 level. The next key resistance could 
be $100,000. A close above the $100,000 resistance might send the price 
further higher. In the stated case, the price could rise and test the $102,500 
resistance level. Any more gains might send the price toward the $103,500 
level. More Losses In BTC? If Bitcoin fails to rise above the $99,000 
resistance zone, it could start a fresh decline. Immediate support on the 
downside is near the $96,500 level. The first major support is near the 
$95,500 level or the 61.8% Fib retracement level of the upward move from the 
$91,000 swing low to the $102,500 high. The next support is now near the 
$93,750 zone. Any more losses might send the price toward the $95,500 support 
in the near term. Technical indicators: Hourly MACD – The MACD is now losing 
pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for 
BTC/USD is now below the 50 level. Major Support Levels – $96,500, followed by 
$95,500. Major Resistance Levels – $99,000 and $100,000.

Bitcoin Price Pulls Back Again: Key Support Levels to Watch

The incident highlights the resilience and self-correcting capabilities of 
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The post XRP Ledger resumes operation after brief network halt, no loss of 
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Coinbase has secured UK regulatory approval, cementing its dominance as the 
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global expansion in crypto and fiat services. Crypto Giant Coinbase Gets FCA 
Approval Cryptocurrency exchange Coinbase (Nasdaq: COIN) announced on Feb. 3 
that it has secured its virtual asset service provider (VASP) registration in 
the […]

Coinbase Secures UK Approval, Unlocking Ambitious Expansion Plans for Mass Adoption

Bitcoin price performance over the past week has been marked by volatility and 
mixed signals for investors. After briefly rising above the $100,000 price 
mark on Tuesday, BTC has since fallen back and now hovers just above $99,000. 
The rebound that initially raised market sentiment appears to have been short- 
lived, as the cryptocurrency struggles to regain the upward momentum needed to 
break through higher resistance levels. Related Reading: Why Bitcoin’s Price 
Crash Could Be a Buying Opportunity for Big Players Bitcoin Smart DCA 
Flashes—What This Means While BTC faces these ups and downs, Darkfost, a 
contributor on CryptoQuant’s QuickTake platform, highlighted a potential 
opportunity for investors employing a dollar-cost averaging (DCA) strategy. 
According to Darkfost, the Smart DCA indicator was recently triggered, 
suggesting that current price levels may be a &#8220;favorable&#8221; entry point for 
those looking to accumulate BTC over time. Darkfost explained that by 
comparing Bitcoin’s average price to its short-term realized price—ranging 
from one week to one month—this indicator aims to identify optimal zones for 
long-term accumulation. The analyst added: When executed properly, a DCA 
strategy can generate substantial returns in the short, mid, or long term, 
depending on the investor’s goals. However, this indicator should be used 
alongside other metrics and a broader market analysis for optimal accuracy and 
effectiveness. Signs of Bullish Momentum Emerge While short-term price 
fluctuations have rattled some investors, other analysts point to underlying 
trends that hint at bullish potential. Another CryptoQuant analyst, Onatt, 
observed that buyer activity is beginning to outweigh selling pressure. 
Related Reading: After The Bitcoin Crash: Will It Rise Or Drop Again? 5 Key 
Indicators Using data from Coinbase, Onatt noted a visible premium indicating 
strong demand for Bitcoin, even in the face of recent volatility. Furthermore, 
negative funding rates—driven by approximately $2 billion in long 
liquidations—suggest a market environment where buyers are taking advantage of 
discounted prices to position themselves for a potential upward movement. 
Onatt also explained: Bitcoin’s upward momentum remains likely as long as USDT 
dominance stays below 4.65%, signaling continued market confidence and 
potential for further recovery. Adding to this sentiment, analyst Ali 
identified a critical demand zone for Bitcoin between $96,475 and $99,360. 
According to Ali, as long as this range holds as a support level, the market 
outlook favors the bulls. A breakout above the $102,350 to $103,900 supply 
zone could further strengthen the bullish case, potentially setting the stage 
for a sustained recovery. #Bitcoin $BTC has reclaimed a critical demand zone 
between $96,475 and $99,360 as support. As long as this level holds, the odds 
favor the bulls; especially if the $102,350–$103,900 supply wall breaks. 
pic.twitter.com/FLpwRqYVuu — Ali (@ali_charts) February 4, 2025 Featured image 
created with DALL-E, Chart from TradingView

Key Indicator Signals DCA Opportunity Amid Bitcoin Buyer Momentum

Kaspersky Labs says a software development kit for Google and Apple phone apps 
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Cryptocurrency price in CLP