Journalist
Posted: February 21, 2025
- Bitcoin bear market could commence if BTC ($98,440.23) breaks below key support levels.
- With BTC bouncing from $94K to $96,200, volatility is high.
With Bitcoin [BTC] briefly dipping under $94K before rebounding to $97,200, volatility remains high.
In this climate, a potential Bitcoin bear market risk lingers if key investor groups, currently sitting on unrealized profits, start selling.
Key levels to watch
If BTC loses momentum, a drop below $89,300 could trigger profit-taking among short-term holders (1,000+ BTC, held <155 days) whales, increasing sell pressure.
However, the key level to watch remains $58,000 – the realized price of miner whales (wallets of mining companies that hold over 1,000 BTC).
