Bitcoin price remains steady above US$96,000 #CriptoNews

10th February 2025 – (New York) As of today, Bitcoin has stabilised within a consolidation range of $92,000 to $102,000, prompting speculation about its future price movements. While it is uncertain whether the leading cryptocurrency can achieve new all-time highs in the near term, analysts suggest that substantial bearish forces would be necessary to push the price downward. Recent on-chain data indicates that a specific price level may play a vital role in Bitcoin’s short-term performance.

In a recent Quicktake post on CryptoQuant, analyst ShayanBTC detailed how the realised price of certain investor groups may impact Bitcoin’s price trajectory in the coming weeks. This analysis centres on the Realised Price of Unspent Transaction Outputs (UTXO) age bands, which reflect the purchasing behaviours of different investor cohorts based on how long they have held their assets.

The UTXO age bands metric assesses the average price at which Bitcoin holders acquired their coins, relative to their holding duration. The critical age band highlighted in ShayanBTC’s analysis is the one encompassing 1 to 3 months, providing insights into the behaviour of short-term holders and overall market sentiment.

The analyst noted that the realised price for this short-term investor group has historically acted as a significant support level. Typically, Bitcoin has maintained its value above this price point, indicating that investors are reinforcing their positions.

Current data from CryptoQuant reveals that Bitcoin is trading above the realised price for the 1-3 month cohort, which stands at approximately $96,000. ShayanBTC emphasised the importance of Bitcoin remaining above this key level to sustain a bullish market outlook. “Holding above $96,000 reinforces positive market sentiment and increases the chances of a continued upward trend,” he stated.

Conversely, if Bitcoin falls below this critical support level, it could signal a shift in investor confidence towards fear. A breach of this threshold may lead some investors to liquidate their holdings, potentially jeopardising Bitcoin’s upward momentum.

At present, Bitcoin is valued at around $96,500, showing little change over the last 24 hours. After starting the week above $100,000, the cryptocurrency has experienced downward pressure, retreating towards $92,000, largely influenced by new US trade policies. According to CoinGecko, Bitcoin’s price has declined by nearly 4% over the past week.