Log in

PRO
Market Direction

BTC eyes $102K but risks $91K retest

Published: Feb 4, 2025
0
Share:

Bitcoin faces uncertainty after a 5% drop due to liquidations. BTC rejected $105K resistance, fell to $91.7K support, and now hovers near $99K. Traders remain cautious as funding rates fluctuate.

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's Open Interest has been downtrending since mid-December, and we've seen a further 5% decline over the last 48 hours due to the liquidation event on Sunday/Monday.
  • Funding Rates have been choppy between slightly positive and slightly negative, indicating traders have been chopped up. We've seen Funding Rates go from negative to positive as the price has moved up (Shorts getting hit) and then the opposite on the way down (Longs being hit).
  • Ultimately, there's indecision amongst traders in the current market, and we've seen the froth come out of the market over the last month.
BTC open interest (by number of coins): 1. Bitcoin futures open interest chart showing BTC price trends and open interest fluctuations from January to February, indicating market volatility.

Technical analysis

  • BTC rejected from the $105k - $106k level (top of the range) as we expected.
  • Price then collapsed below the horizontal supports of $98,900 and $95,700 on the Trump tariff news.
  • Price found support at the major horizontal support at the bottom of the range at $91,700. This is a key area we have marked for the last few months.
  • Price recovered nicely off the back of progress around deals with Canada and Mexico. It reclaimed $98,900, and the price is now using that horizontal level as new support.
  • The RSI is in the middle territory, but it remains beneath its moving average.

2. Bitcoin price chart with key support and resistance levels, trendlines, RSI, and recent market movements reflecting liquidation and recovery.

  • Next Support: $95,700
  • Next Resistance: $102,000
  • Direction: Bearish/Neutral
  • Upside Target $102,000
  • Downside Target: $91,700
Get the latest Bitcoin price prediction. Dive into our detailed analysis to stay one step ahead!

Cryptonary's take

It's very positive that we've seen a capitulation event like we saw on Sunday/Monday, and BTC is at $99k and holding in the upper end of the major range (between $91k and $107k). In the short term, we wouldn't be surprised to see a return back to $102k. However, we are expecting more downside in the coming week or two, whether that be from $102k or from the current levels. We are expecting a retest of $95k, at least in the short term.

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 $100k Target Hit, SFP Confirmed
PRO
Market Direction
BTC $100k Target Hit, SFP ConfirmedUpdate on our Nov 3rd/7th forecast: BTC moved exactly to our $100k-$102k target zone as predicted. W...
13 min read
Nov 10, 2025
Market Direction: At $100k - Your 7-Day Action Plan
PRO
Market Direction
Market Direction: At $100k - Your 7...Markets hit major support zones with BTC at the $100k level. Key altcoins face rejection; reversal o...
11 min read
Nov 7, 2025
Privacy Coins Lead the Way: Bullish Setups and Key Levels to Watch
PRO
Market Direction
Privacy Coins Lead the Way: Bullish...Privacy sector coins show bullish setups and key levels as they outperform during this crypto correc...
9 min read
Nov 4, 2025