Bitcoin Price Eyes $100K as Demand Hits 4-Month Low

Highlights

Bitcoin price recently surged past $98,000, but it needs to break resistance at a descending trendline to confirm a healthy uptrend.
Large entities are no longer accumulating Bitcoin after a period of aggressive buying towards the end of 2024
Bitcoin's demand has also dropped significantly as traders react to inflation fears and bearish news such as the upcoming FTX repayments.

Bitcoin price has bounced past $99,000 for the first time in two weeks despite weakening demand from both retail and institutional traders. The recent swing has seen BTC aim for critical resistance at a descending trendline, and if it breaks out, it will indicate the likelihood of more gains.

At press time, Bitcoin trades at $99,377, with a 24-hour gain of 2%. The king coin is now aiming for levels past $100,000 but as demand weakens, is a breakout past this psychological level likely?

Bitcoin Price Targets Key Resistance as Demand Hits 4-Month Low

Analyst Ali Charts has noted that Bitcoin price has faced three consecutive rejections in its attempt to break out of a descending trendline. After today’s pump, BTC is again aiming for this resistance line, and if it fails to break it, it may lead to a downtrend.

Bitcoin Price Stuck in Range as Accumulation Trend Signals Caution - Crash Incoming? — BTC/USDT: Ali Charts

Past trends suggest that rallies to this resistance level have been met with swift selloffs that have prevented a decisive breakout. If demand continues to weaken, BTC risks further downside.

The consecutive rejections and a significant drop in demand add to the challenges facing Bitcoin and its ability to break past $100,000. However, the recent uptrend suggest that traders may be re-entering the market.

Key Metrics Suggest Weak Demand – Can BTC Sustain Gains?

A notable shift in demand continues to weigh on BTC value today. The Accumulation Trend Score, a metric that measures whether large entities are accumulating or selling Bitcoin currently paints a bearish picture.

This metric currently shows low accumulation, meaning that large investors are not aggressively buying Bitcoin at the current price. This drop also shows that large entities that were accumulating BTC between October 2024 and January 2025 are no longer buying.

Accumulation by large holders has always boded well for Bitcoin price. Therefore, if this cohort is hesitant, it could add to the bearish pressure facing BTC.

Data from CryptoQuant also shows that Bitcoin’s apparent demand growth has declined significantly from 279,000 in December to 70,000. This weak demand stems from inflation fears, economic uncertainty, and concerns around possible selling following FTX repayments.

If there is no shift in demand, a breakout of Bitcoin price past $100,000 may be delayed. However, the Bitcoin Fear and Greed Index has once again flashed “Greed” after the recent rally past $98,000. If this holds, it could lead to more gains.

Bitcoin Price Needs to Test this Support Level to Rally

Despite the weakened demand, a Bitcoin price prediction by analyst Budhil Vyas suggests that BTC may rally if it successfully defends key support levels. According to the analyst, if BTC drops to retest the support level zone between $94,000 and $96,000, it will reduce the chance of a dump and lead to a healthy uptrend.

If Bitcoin price retests this support and bounces with strong buy volumes, it faces the next resistance at $99,350. This could lead to a rally to $100,310. However, as outlined above, such gains will happen if demand rises again.

Frequently Asked Questions (FAQs)

1. Will Bitcoin price break from its rangebound trading?

Bitcoin is attempting a breakout from a rangebound trend and it is now aiming for a rally to $100,000

2. Are institutions still accumulating Bitcoin?

Bitcoin's Trend Accumulation Score shows large entities are no longer accumulating Bitcoin.

3. What is causing weak demand for BTC?

Demand for Bitcoin has weakened due to fears of inflation, concerns about the US economy and concerns around possible selling due to FTX repayments.

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muthoni

Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.

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