{"id":9634,"date":"2025-01-25T08:32:06","date_gmt":"2025-01-25T08:32:06","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=9634"},"modified":"2025-01-25T08:32:06","modified_gmt":"2025-01-25T08:32:06","slug":"3k-bitcoin-price-drop-what-level-it-must-hold-to-stay-bullish","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=9634","title":{"rendered":"$3K Bitcoin Price Drop: What Level It Must Hold to Stay Bullish"},"content":{"rendered":"
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Bitcoin\u2019s price has lost its momentum and has retraced by several grand in the past day or so, but it\u2019s still above a key support level.<\/p>\n

Ali Martinez, the popular crypto analyst with almost 120,000 followers on X, noted that the bull run is still intact as long as the cryptocurrency remains above $98,000.<\/p>\n

The primary cryptocurrency experienced massive volatility at the start of the week, as it plunged<\/a> by over $6,000 on Monday morning to under $100,000 before it exploded<\/a> out of the gate to a new all-time high above $109,000.<\/p>\n

This all transpired ahead of Donald Trump\u2019s inauguration, and when that arrived, BTC slumped, as he had failed to mention<\/a> the industry even once. Nevertheless, the $100,000 support held and bitcoin bounced off toward $107,000.<\/p>\n

However, the bears stopped the asset\u2019s ascent at that point and pushed it south by a few grand in the past day. Just a few hours ago, the cryptocurrency tested $104,000 but has remained above it.<\/p>\n

Despite this $3,000 price drop in a day, BTC\u2019s bull run will continue as long as it remains above $98,000, said Martinez. He outlined that level as particularly important for the asset due to the massive accumulation point it has become.<\/p>\n

More than 101,000 BTC (valued at $10.5B at today\u2019s prices) were purchased at around that line, which turned it into a \u2018crucial\u2019 support. Typically, investors, especially those who have arrived at the scene more recently, tend to dispose of their holdings if they see the price tumble below their entry level.<\/p>\n

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The key support level for #Bitcoin<\/a> is at $97,877, where more than 101,000 $BTC<\/a> were accumulated. Holding above this level is crucial to sustaining the bullish momentum. pic.twitter.com\/4kMR5ZtkWa<\/a><\/p>\n

\u2014 Ali (@ali_charts) January 25, 2025<\/a><\/p>\n<\/blockquote>\n