The Bitcoin rate came under pressure due to several factors at the beginning of 2025
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Johny Smith
2025/01/27
3 mins read
The Bitcoin (BTC) cryptocurrency regained its position to $95,200 after testing the support level at $92,500, researchers from QCP Asia said. They noted that market sentiment remains negative. The reason for the sharp drop in quotes, according to experts, was the resonance due to the news about the US sale of confiscated BTC in the Silk Road case.
The researchers emphasized that the situation is further complicated by macroeconomic factors. The latest Fed minutes indicate tighter policy despite expectations of a slower pace of rate hikes. The reason was increased inflation risks. Analysts noted that economic data also did not add confidence: the ADP survey showed a slowdown in hiring and wage growth, in contrast to the more positive JOLTS jobs report.
“The options market is experiencing increased volatility over long periods. The spread between March and June increased by 1.5 points, and between June and December – by 1. At the same time, pressure on volatility continues in short time periods: options with expiration on January 17 are trading 3 points lower,” the experts said.
Currently, the BTC rate fluctuates between $92,000 and $95,000. According to experts, the US markets are closed, and this may increase the weakness of the movement. Analysts warn that a break below $92,000 will open the way to $90,000 and beyond.
The fall in the BTC rate is also associated with the general cautious mood of investors against the backdrop of global economic risks. Market participants’ attention is focused on further actions by the Fed and the state of the US economy. However, some traders see entry opportunities at current levels, especially if $92,000 holds as support. According to experts, the situation will become clearer in the coming days.
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