Bitcoin is holding firm above the $95,000 level after a turbulent week that saw the worlds largest cryptocurrency plunge to $91,350 before roaring back into the $97,000–$98,200 range. The dramatic price swing underscores a market caught between short-term selling pressure and long-term institutional conviction.
TL;DR
- Bitcoin rebounded from a $91,350 low to trade around $97,000–$98,200 on February 11, 2025
- The annual VWAP and monthly pivot point converge near $100,335, creating a critical resistance zone
- Open interest and funding rates on BTC/USDT perpetual contracts show renewed buyer interest
- Liquidation heatmap reveals significant zones between $100,000–$104,000 above, and below $95,000
- Medium and long-term trends remain bullish as 50 and 200-day moving averages stay crossed upward
Bitcoin Price Action Shows Resilience
After diving toward the $91,350 support level earlier in the week, Bitcoin attracted significant buying interest that propelled the price back above $95,000. The cryptocurrency attempted to reclaim the psychologically important $100,000 threshold but encountered resistance, settling into a consolidation pattern between $95,000 and $98,200.
Technical analysis reveals that Bitcoin sits beneath a crucial value zone where its annual Volume Weighted Average Price (VWAP) aligns with the monthly pivot point at approximately $100,335. This convergence of technical indicators has created a formidable barrier that bulls must overcome to resume the broader uptrend.
Derivatives Market Reflects Shifting Sentiment
The derivatives market tells an encouraging story for Bitcoin bulls. Open interest and funding rates on BTC/USDT perpetual contracts have been revised upward alongside the price recovery, reflecting strong buyer engagement. The Cumulative Volume Delta (CVD) analysis, while still in bearish territory, displays signs of stabilization, suggesting that selling pressure is gradually easing.
Liquidation levels have remained limited on both sides of the market since the recent correction, indicating controlled volatility and cautious risk management among traders. The liquidation heatmap shows Bitcoin touched a significant liquidation zone below $96,000 before bouncing, confirming that price level as an area of concentrated buyer interest.
Looking ahead, the most significant liquidation zones above the current price sit between $100,000 and $104,000, with a more pronounced cluster forming between $106,500 and $111,000. Below the current price, key support zones appear beneath $95,000, with notable concentrations around $90,000 and particularly $88,000.
Moving Averages Support Bullish Outlook
Despite the near-term bearish trend, the medium and long-term picture remains firmly bullish. The 50-day and 200-day moving averages maintain their bullish crossover formation and continue pointing upward, providing structural support for the ongoing macro uptrend. Momentum indicators, while initially revised lower, now appear to be stabilizing, opening the door for a potential rebound in the coming sessions.
The broader context matters here. Bitcoin is coming off a period of significant price appreciation, and corrections within a bull market are both normal and healthy. The fact that BTC has managed to hold above $95,000 after testing $91,350 suggests that buyers remain active and willing to step in at lower levels.
Price Scenarios for the Coming Sessions
If Bitcoin can maintain its position above $94,000, the path opens toward a retest of the $100,335 resistance. Breaking that level could trigger a move to $102,500, and potentially extend toward $106,000 and the all-time high of $109,354. Conversely, a failure to hold $94,000 could see BTC test $92,200, with further downside possible toward $90,000 and potentially the $88,000–$89,000 zone if selling accelerates.
Why This Matters
Bitcoins ability to absorb a sharp correction and stabilize above key support levels demonstrates the maturing nature of the cryptocurrency market. The derivatives data showing renewed buyer interest, combined with the bullish medium-term moving average structure, suggests that institutional participants view the recent dip as a buying opportunity rather than the start of a deeper downturn. With the $100,000 psychological level within reach, the coming days could prove decisive in determining whether Bitcoin resumes its upward trajectory or enters an extended consolidation phase.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry significant risk. Prices mentioned reflect market conditions at the time of writing and may have changed. Always conduct your own research before making investment decisions.
bounced from 91k to 97k in a week and people are calling it steady. thats a 6.5% move lol
100,335 is the line. VWAP + monthly pivot convergence right there. if we break it its off to the races
funding rates going positive again after that dump is a good sign. means buyers are stepping in with conviction, not just covering shorts
CVD still bearish but stabilizing. agree with the article that selling pressure is fading. just needs a catalyst now
^ catalyst = spot ETF inflows resuming. watch the grayscale discount too
liquidation heatmap between 100-104k is gonna be a bloodbath for shorts if we get there
50 and 200 day moving averages crossed upward and every bear in my timeline is suddenly talking about something else