On the evening of January 29, 2025, the Bitcoin rate rose above $103,000, showing fluctuations in the 24-hour range from $100,272 to $103,053. The market capitalization of the main cryptocurrency reached $2,02 trillion, which was supported by a daily trading volume of $35,55 billion.
The overall trend in Bitcoin remains bullish, but consolidation around $102,000 reflects traders’ caution, who see resistance at $104,000–$105,000 and support at $100,000–$101,000. The market’s next directional move depends on whether buyers maintain momentum or bears trigger a pullback.
Key oscillators paint a neutral to mixed picture. The Relative Strength Index (RSI) at 53,3 and Stochastic at 42,5 point to equilibrium, while the Moving Average Convergence Divergence (MACD) signals bearish factors at 1466,6. Momentum remains bullish at 730,0.
Moving averages (MA) are showing conflicting signals, with the short-term exponential moving average (EMA-10) and simple moving average (SMA-10) pointing to sell at $102,407,2 and $103,337 respectively, while the longer-term EMA and SMA (20–200) are favoring buys, adding to the bullish momentum.
The daily Bitcoin chart shows that BTC is poised to test the $109,356 high while consolidating between the $102,000 and $104,000 levels. Resistance at $109,000–$110,000 and support at $97,500–$98,000 form the macro outlook. Closes above $100,000–$102,000 could prompt a retest of the $107,000–$109,000 barriers.
BTC/USD daily chart on Bitstamp January 29, 2025
A fall below $100,000, on the other hand, threatens a pullback to $97,500–$98,000. The increase in volume during the recent highs underscores the buyers’ conviction, but failure to break $104,000 could trigger profit-taking.
The 4-hour chart shows a recovery from $97,750 with resistance strengthening at $104,000-$105,000. Traders are looking to enter long-term positions around $100,000-$101,000 and shorts at $104,000-$105,000.
4-hour chart of BTC/USD on Bitstamp January 29, 2025
The hourly chart shows choppy trading around $102,000 with intraday scalping opportunities between $101,000–$101,500 (buy) and $103,500–$104,000 (short). Low hourly volume suggests caution, but a break above $104,000 could spark momentum toward higher targets.
BTC/USD Hourly Chart Bitstamp January 29, 2025