Log in

PRO
Market Direction

$107K resistance challenges Bitcoin bulls

Published: Jan 24, 2025
0
Share:

As Bitcoin ($BTC) clings to $100K support and tests $107K resistance, market participants await a decisive move. Let’s explore the latest analysis to uncover what’s next for BTC and the broader crypto market.

Post Feature Image

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.


BTC:

  • BTC's Open Interest by number of coins has generally turned a tad lower over the last few days. We had a move-up in OI going into the inauguration, but that's tapered off slightly since.
  • The Funding Rate is at 0.004%, indicating there is an even balance between Longs and Shorts currently.
BTC's open interest (by number of coins):

1. Graph showing Bitcoin (BTC) futures open interest and price movement over time, highlighting recent trends in market activity.

Technical analysis

  • Price has broken out of the downtrend line and is now range-bound between the horizontal support of $98,900 (and the psychological level of $100,000) and the horizontal resistance of approximately $107,000.
  • We've also had a breakout of the downtrend line on the RSI, but that has also become range-bound whilst also putting in a bearish divergence (higher high in price, lower high on the oscillator). Although, it isn't in or close to overbought territory.
  • The key support zone is between $98,900 and $100,000.
  • $107k to $108k is the breakout zone to watch out for.
2. Technical chart for Bitcoin (BTC) displaying key resistance, support levels, and RSI trends for price analysis.

Get the latest Bitcoin price prediction—dive into our detailed analysis to stay one step ahead!

  • Next Support: $100,000
  • Next Resistance: $107,000
  • Direction: Neutral
  • Upside Target: $107,000
  • Downside Target: $98,900

Cryptonary's take

It's been very tricky trading BTC this week with the market feeling weak at times, but also knowing that any positive pro-Crypto Executive Order could be dropped by Trump at any moment.

We've seen a price rally on positive news, but it has had a decreasing effect as the week has gone on. The market had also pulled back when the news was released, and it essentially wasn't the Strategic Bitcoin Reserve. However, each time, the price has seemingly comfortably held the lows of $100k - $101k and bounced relatively swiftly.

Ultimately, this range will probably resolve itself soon. The market at times has felt weak, and the rallies into positive news have faded, which feels like a sign of exhaustion. But, on the other hand, the price comfortably held the lows when it pulled back.

BTC is very evenly balanced here, and direction is really difficult to call. We'd expect that when there is a breakout or a breakdown, it'll likely be a relatively big move in that direction. But calling the directions is super hard here.


100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
BTC, ETH, and More: Double Bottoms and a Critical Bounce
PRO
Market Direction
BTC, ETH, and More: Double Bottoms ...Markets rebound off key lows, BTC and major alts flash double bottom signals. Will support hold for ...
6 min read
Oct 20, 2025
BTC, ETH, and More: Bearish Pressure as Key Support Levels Break
PRO
Market Direction
BTC, ETH, and More: Bearish Pressur...Markets face critical retests with BTC and major alts breaking supports; all eyes on bounce zones an...
7 min read
Oct 17, 2025
BTC, ETH and More: Key Supports Reclaimed, Next Targets in Play
PRO
Market Direction
BTC, ETH and More: Key Supports Rec...Markets are showing signs of recovery after last week’s turbulence. Bitcoin and Ethereum are stabili...
4 min read
Oct 15, 2025