Bitcoin started 2025 strong, gaining over 5% in the first few days. But a big hurdle looms: the $99,900 price level. This could be a make-or-break moment for Bitcoin’s short-term price.
Bull or Bear? The $99,900 Question
One analyst, Plan D, thinks Bitcoin is forming a “moon flag” pattern. This is basically a bullish flag on steroids – a period of consolidation after a price surge, suggesting a breakout is coming. If Bitcoin breaks through $99,900 and stays there, Plan D predicts a rise to around $108,000.
However, failure to break $99,900 could signal a “bear flag”—the opposite, pointing to a price drop. In this scenario, Bitcoin could fall as low as $78,000 – a significant drop.
Bitcoin’s Current State
At the moment, Bitcoin is trading just below $98,000. While it’s up slightly over the past week, it’s still down slightly for the month. Interestingly, traders are taking some profits, with long positions (bets on price increases) on Binance dropping a bit. However, long positions still outweigh short positions, suggesting most traders are still bullish.
Trump Factor
The upcoming presidential inauguration of Donald Trump is also adding to the excitement. Many believe a Trump presidency will be good for crypto, potentially boosting Bitcoin’s price further.
