Bitcoin Plunges Below $100K Despite Positive Coinbase Premium Signal – What’s Next? 📉
Bitcoin's early 2025 movement has been rocky, trading just below $100K despite momentarily rising over $102K. Shifting investor sentiment in the US is evident, with critical insights coming from on-chain metrics like the positive Coinbase Premium Index.
This index, which recently turned positive, indicates US investor interest, although Bitcoin struggles to maintain momentum. Despite a 4% rise in recent days, Bitcoin’s price performance remains lackluster, retreating to under $100K after hitting $102K.
Analysts highlight essential support between $95,400 and $98,400, with significant Bitcoin holdings creating potential resistance paths. There’s a chance for upward movement if buying pressure intensifies. Analysts still hold a bullish long-term view, predicting a potential rally to $112K.
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