Bitcoin faces selling pressures within the range of $107,250 to $109,588, yet bulls are maintaining their stance, not conceding much ground. Institutional interest in Bitcoin continues to grow in 2025, with spot Bitcoin exchange-traded funds attracting $4.2 billion between January 1-24, representing 6% of all ETF inflows. While institutions are accumulating, retail investors are taking profits, evidenced by the 6,000 Bitcoin transferred to Binance in January. The market now looks ahead to February, where Bitcoin’s trajectory might hinge on the upcoming U.S. labor market report, possibly influencing Federal Reserve rate decisions and setting the tone for Bitcoin’s performance.
In technical terms, Bitcoin is inching towards the resistance at $109,588, with potential to reach $118,109 and $126,706 if this level is breached. Support rests around the $99,398 mark, with a significant defense expected in the $90,000 to $85,000 range in case of a downturn.
Ether sees upward momentum, with prices rebounding above significant technical levels, suggesting possible increases to $3,525 and $3,745 if the bulls maintain control. XRP has held its ground at $2.97, but a battle persists as bulls attempt to push the price higher. Solana shows resilience, while facing selling pressure near $244, with further gains possible if key resistances are overcome. BNB attempts to rise above moving averages but faces significant selling, potentially leading to a price pullback.
Dogecoin faces a test for its support line turned resistance, signaling potential declines if buyers fail to push back above averages. Cardano’s relief rally approaches resistance at $0.97, with a watchful eye on seller activity around $1.18. Chainlink remains range-bound, with efforts to break out towards $27.41 and further. Avalanche shows demand above $30.59, but selling pressure at $36.04 might stifle progress.
Lastly, Stellar undergoes positive buying, aiming higher towards $0.51 if it overcomes fluctuating market actions.
Readers should exercise caution and conduct thorough research before engaging in any investment or trading actions.