{"id":12864,"date":"2025-02-13T11:17:59","date_gmt":"2025-02-13T11:17:59","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=12864"},"modified":"2025-02-13T11:17:59","modified_gmt":"2025-02-13T11:17:59","slug":"bitcoin-btc-poised-to-hit-a-new-ath-soon-says-analyst","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=12864","title":{"rendered":"Bitcoin (BTC) Poised to Hit a New ATH Soon, Says Analyst"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li data-start=\"0\" data-end=\"143\">\n<p data-start=\"2\" data-end=\"143\">Bitcoin (BTC) rebounded from its February low of under $92K, with some analysts predicting a potential rise to a fresh peak.<\/p>\n<\/li>\n<li data-start=\"0\" data-end=\"143\">\n<p data-start=\"2\" data-end=\"143\">On the other hand, recent exchange inflows signal increased selling pressure, while rising US inflation may delay Fed rate cuts, potentially weighing on BTC.<\/p>\n<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTC_CB-28.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-383155\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTC_CB-28.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTC_CB-28.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTC_CB-28-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTC_CB-28-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTC_CB-28-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTC_CB-28-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>BTC Bulls to Retake Control?<\/h2>\n<p><span data-preserver-spaces=\"true\">The primary cryptocurrency experienced a solid start in 2025, with its price <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/bitcoin-btc-sees-new-ath-chainlink-link-explodes-15-daily-market-watch\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">rising<\/span><\/a><span data-preserver-spaces=\"true\"> to <\/span><span data-preserver-spaces=\"true\">a new<\/span><span data-preserver-spaces=\"true\"> all-time high of almost $110,000 on January 20 (hours before Donald Trump\u2019s inauguration). <\/span><span data-preserver-spaces=\"true\">Since then, though, Bitcoin (BTC) has been on a downtrend<\/span><span data-preserver-spaces=\"true\">, <\/span><span data-preserver-spaces=\"true\">briefly <\/span><a href=\"https:\/\/cryptopotato.com\/crypto-liquidations-explode-to-over-2-2-billion-as-bitcoin-dumped-by-10k-daily\/\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">tanking<\/span><\/a><span data-preserver-spaces=\"true\"> below $92,000 during the crypto market crash on February 3 and currently trading at around $96,200 (per CoinGecko\u2019s data).<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Several analysts believe it is time for the bulls to step in again and push the valuation to fresh peaks. The X user CRYPTOWZRD <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/cryptoWZRD_\/status\/1889865438567534679\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">claimed<\/span><\/a><span data-preserver-spaces=\"true\"> that BTC\u2019s daily candle closed \u201cstrongly bullish today,\u201d expecting the uptrend to continue.<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cI believe the correction is over now, and Bitcoin should be pushing above the $100,000 resistance target. Above the $100,000 resistance target, there will be a psychological value for retail traders, leading them to pour more money into the market,\u201d they suggested.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span data-preserver-spaces=\"true\">The analyst thinks a breakout of the next immediate <\/span><span data-preserver-spaces=\"true\">major<\/span><span data-preserver-spaces=\"true\"> resistance target of $108,000 is \u201cvery likely,\u201d following which the crypto community might witness a new ATH.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">The Bears Might Stay a Bit More<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Contrary to the bullish predictions outlined above, some on-chain factors indicate that BTC could continue to underperform in the short term.<\/span><\/p>\n<p><a class=\"editor-rtfLink\" href=\"https:\/\/cryptoquant.com\/asset\/btc\/chart\/exchange-flows\/exchange-netflow-total?exchange=all_exchange&amp;window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=log&amp;metricScale=linear&amp;chartStyle=column\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">According<\/span><\/a><span data-preserver-spaces=\"true\"> to CryptoQuant, the asset\u2019s exchange netflow has been predominantly positive in the last week. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> suggests a possible shift from self-custody methods to centralized platforms, <\/span><span data-preserver-spaces=\"true\">which in turn increases<\/span><span data-preserver-spaces=\"true\"> the immediate selling pressure.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Meanwhile, the latest US CPI data <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/bitcoin-price-dumps-to-9-day-low-on-higher-than-expected-us-cpi-data\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">showed<\/span><\/a><span data-preserver-spaces=\"true\"> a slight increase in the inflation rate in the world\u2019s largest economy. The Federal Reserve considers this when deciding its next move regarding the adjustment of interest rates. Rising inflation may prompt the Fed to postpone a rate cut, which could be bad news for the cryptocurrency market.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">After all, lowering the benchmark makes money-borrowing easier and might increase the interest in riskier assets such as Bitcoin (BTC).\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Ali Martinez also gave his two cents on the current market landscape. He <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ali_charts\/status\/1889857525014470933\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">maintained <\/span><\/a><span data-preserver-spaces=\"true\">that BTC\u2019s most important resistance level is $97,530, adding that support below $92,110 is weak. Martinez hinted that falling under that zone may lead to a substantial plunge, as there is a gap between $90,000 and $70,000.\u00a0<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/bitcoin-btc-poised-to-hit-a-new-ath-soon-says-analyst\/\" rel=\"nofollow\">Bitcoin (BTC) Poised to Hit a New ATH Soon, Says Analyst<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Bitcoin (BTC) rebounded from its February low of under $92K, with some analysts predicting a potential rise to a fresh peak. On the other hand, recent exchange inflows signal increased selling pressure, while rising US inflation may delay Fed rate cuts, potentially weighing on BTC. BTC Bulls to Retake Control? The primary cryptocurrency experienced [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-12864","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12864"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12864\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}