Bitcoin’s struggles below $100k stretched into the third week of February 2015 after the third straight day of losses sent it tumbling towards $95,000.
The disappointing price action rallies on despite growing interest among institutional investors.
Since losing grip of $100k on the first weekend of February 2025, Bitcoin has staged multiple – albeit unsuccessful rallies towards this price level.
Over the last 24 hours, the legacy coin has dipped by close to 2% from yesterday’s high of $98k to the intraday lows of $95,111, according to CoinMarketCap. This was the third day of straight losses, which saw it fall below the support level of $95,500 and dip further below the key resistance level of $98,000.
Growing Optimism and Investor Interest in Bitcoin?
Over the recent past, a growing number of institutional investors have rushed to buy the dip. For example, Strategy (formerly MicroStrategy) recently acquired $720 Million worth of Bitcoin this month.
Bitcoin ETF inflows have also increased steadily for the first four weeks of the year. Multiple other companies have also started adding Bitcoin to their balance sheets, including Metaplanet – which recently acquired 269 BTC.
Investor and trader optimism towards the legacy digital currency has also been on the rise.
Bitcoin’s long-term forecasts are massively bullish, with the likes of Cathie Woods of Ark Investments stating that she expected the BTC price to rally towards $1.5 million by 2030.
Why is Bitcoin Crashing and How Far Can BTC Fall?
The threat of an all-out trade war over Trump Tariffs has had the biggest impact on Bitcoin’s recent price action.
It has market-wide FUD, which explains why even the slightest bearish headline has had a huge impact on BTC prices.
It may even be attributed to the growing bearish trends towards Bitcoin seeing that the MACD histogram has not only been printing red bars but both the MACD Line and Signal line are in the negative territory.
The declining RSI of 39 represents fading bullish strength as Bitcoin approaches the oversold territory.
In addition to the Trump Tariffs, the cautious-optimistic FEDs as well as uncomfortable key economic data, like the CPI, which recently came in higher than expected has spooked investors.
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