{"id":669043,"date":"2025-01-01T03:00:35","date_gmt":"2025-01-01T03:00:35","guid":{"rendered":"https:\/\/wncen.com\/?p=669043"},"modified":"2024-12-31T18:03:01","modified_gmt":"2024-12-31T18:03:01","slug":"bitcoin-retests-95000-amid-4-2-surge-is-a-new-year-rebound-coming","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-retests-95000-amid-4-2-surge-is-a-new-year-rebound-coming\/","title":{"rendered":"Bitcoin Retests $95,000 Amid 4.2% Surge, Is A New Year Rebound Coming?"},"content":{"rendered":"

As the year ends, a renowned analyst suggested that Bitcoin (BTC) could have a New Year rebound after the flagship crypto surged by 4.2% to retest a key level.<\/p>\n

Related Reading: Altcoins To Explode In Early 2025: Analyst Says \u201cGrand Finale\u201d Is Around The Corner<\/a><\/div>\n

Bitcoin Sees End-On-Year Slowdown<\/h2>\n

Bitcoin has struggled to hold the mid-zone of its one-month price range as the crypto market experiences an end-of-year slowdown<\/a>. In December, BTC surpassed the $100,000 barrier for the first time, reaching a new all-time high of $108,353 mid-month.<\/p>\n

Over the last 30 days, the flagship crypto has moved between $90,000 and $108,000, hovering between $96,000 and $102,000 for most of the month. Nonetheless, Bitcoin has registered a 10.5% decline since hitting its ATH, failing to hold the $98,000 level over the last two weeks.<\/p>\n

The largest cryptocurrency by market capitalization saw a brief recovery<\/a> on December 25 but quickly lost its Christmas rally gains. Since then, BTC\u2019s price recorded its deepest retrace since the start of December.<\/p>\n

Bitcoin fell below the crucial $92,000 support zone on Monday, dipping to $91,530 before recovering, raising concern about BTC\u2019s monthly close. However, New Year\u2019s Eve started with a 4.2% surge throughout the morning, fueling end-of-year optimism about a price rebound.<\/p>\n

The cryptocurrency\u2019s price moved from $92,000 to $96,000 before retracing to the $95,000 support zone. As the BTC\u2019s price climbed, crypto analyst Ali Martinez noted<\/a> that the TD Sequential showed a buy signal on the 12-hour chart, potentially signaling a New Year\u2019s Day price bounce.<\/p>\n

‘All Is Well’ For BTC\u2019s Rally<\/h2>\n

Martinez suggested that \u201ca sustained close above $94,700 could lead to a rebound to $97,500.\u201d As the analyst previously pointed out<\/a>, this level is one of BTC\u2019s most significant support zones, and reclaiming it is key for the cryptocurrency\u2019s short-term rally.<\/p>\n

On the contrary, \u201closing $92,500 as support will invalidate the bullish signal,\u201d Martinez added. Losing this level could also send BTC to the $70,000 level based on the UTXO Realized Price Distribution (URPD) chart.<\/p>\n

The analyst has stated that a 25% crash to the $70,000 mark is possible, as the URPD chart shows minimal support below the key support wall.<\/p>\n

Related Reading: Ethereum\u2019s Large Consolidation Trend Points To Possible Price Explosion To $8,000<\/a><\/div>\n

Meanwhile, James Van Straten noted<\/a> that \u201call is well\u201d despite BTC\u2019s current price action. The analyst highlighted that \u201cthis cycle as with the previous three cycles for BTC, all saw corrections at this point after the halving,\u201d adding that the \u201ccorrections are starting later and finishing later. Maybe, to do with elongated cycles.\u201d<\/p>\n

As of this writing, Bitcoin is trading at $94,949, a 1% increase in the daily timeframe.<\/p>\n

\"bitcoin,
Bitcoin’s performance in the one-week chart. Source: BTCUSDT on TradingView<\/a><\/figcaption><\/figure>\n
Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

As the year ends, a renowned analyst suggested that Bitcoin (BTC) could have a New Year rebound after the flagship crypto surged by 4.2% to retest a key level. Related Reading: Altcoins To Explode In Early 2025: Analyst Says \u201cGrand Finale\u201d Is Around The Corner Bitcoin Sees End-On-Year Slowdown Bitcoin has struggled to hold the mid-zone of its one-month price range as the crypto market experiences an end-of-year slowdown. In December, BTC surpassed the $100,000 barrier for the first time, reaching a new all-time high of $108,353 mid-month. Over the last 30 days, the flagship crypto has moved between $90,000 and $108,000, hovering between $96,000 and $102,000 for most of the month. Nonetheless, Bitcoin has registered a 10.5% decline since hitting its ATH, failing to hold the $98,000 level over the last two weeks. The largest cryptocurrency by market capitalization saw a brief recovery on December 25 but quickly lost its Christmas rally gains. Since then, BTC\u2019s price recorded its deepest retrace since the start of December. Bitcoin fell below the crucial $92,000 support zone on Monday, dipping to $91,530 before recovering, raising concern about BTC\u2019s monthly close. However, New Year\u2019s Eve started with a 4.2% surge throughout the morning, fueling end-of-year optimism about a price rebound. The cryptocurrency\u2019s price moved from $92,000 to $96,000 before retracing to the $95,000 support zone. As the BTC\u2019s price climbed, crypto analyst Ali Martinez noted that the TD Sequential showed a buy signal on the 12-hour chart, potentially signaling a New Year\u2019s Day price bounce. ‘All Is Well’ For BTC\u2019s Rally Martinez suggested that \u201ca sustained close above $94,700 could lead to a rebound to $97,500.\u201d As the analyst previously pointed out, this level is one of BTC\u2019s most significant support zones, and reclaiming it is key for the cryptocurrency\u2019s short-term rally. On the contrary, \u201closing $92,500 as support will invalidate the bullish signal,\u201d Martinez added. Losing this level could also send BTC to the $70,000 level based on the UTXO Realized Price Distribution (URPD) chart. The analyst has stated that a 25% crash to the $70,000 mark is possible, as the URPD chart shows minimal support below the key support wall. Related Reading: Ethereum\u2019s Large Consolidation Trend Points To Possible Price Explosion To $8,000 Meanwhile, James Van Straten noted that \u201call is well\u201d despite BTC\u2019s current price action. The analyst highlighted that \u201cthis cycle as with the previous three cycles for BTC, all saw corrections at this point after the halving,\u201d adding that the \u201ccorrections are starting later and finishing later. Maybe, to do with elongated cycles.\u201d As of this writing, Bitcoin is trading at $94,949, a 1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":602298,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[428,84434,679,6481,1119,78790,26263,25757,10923,93291,89756],"class_list":["post-669043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-correction","tag-bitcoin-price","tag-bitcoin-rally","tag-btc","tag-btcusdt","tag-crypto-analyst","tag-crypto-bull-run","tag-crypto-market","tag-crypto-market-correction","tag-crypto-trader"],"acf":[],"yoast_head":"\nBitcoin Retests $95,000, Is A New Year Rebound Coming?<\/title>\n<meta name=\"description\" content=\"As the year ends, Bitcoin (BTC) could have a New Year rebound after the flagship crypto surged by 4.2% to retest a 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. In summary, Rubmar seeks to present entertaining and educational pieces to be enjoyed by everybody, aiming to report on the latest news and offer a unique perspective while adding a meme or a pun whenever possible.","url":"https:\/\/wncen.com\/author\/rubmargarcia\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Retests $95,000 Amid 4.2% Surge, Is A New Year Rebound Coming?","url":"http:\/\/wncen.com\/news\/bitcoin\/bitcoin-retests-95000-amid-4-2-surge-is-a-new-year-rebound-coming\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin\/bitcoin-retests-95000-amid-4-2-surge-is-a-new-year-rebound-coming\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/kanchanara-Lta5b8mPytw-unsplash.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/kanchanara-Lta5b8mPytw-unsplash.jpeg?fit=1920%2C1277"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Rubmar Garcia"}],"creator":["Rubmar Garcia"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin correction","bitcoin price","bitcoin rally","btc","btcusdt","crypto analyst","crypto bull run","crypto market","crypto market correction","crypto trader"],"dateCreated":"2025-01-01T03:00:35Z","datePublished":"2025-01-01T03:00:35Z","dateModified":"2025-01-01T03:00:35Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Retests $95,000 Amid 4.2% Surge, Is A New Year Rebound Coming?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin\\\/bitcoin-retests-95000-amid-4-2-surge-is-a-new-year-rebound-coming\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin\\\/bitcoin-retests-95000-amid-4-2-surge-is-a-new-year-rebound-coming\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/kanchanara-Lta5b8mPytw-unsplash.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/kanchanara-Lta5b8mPytw-unsplash.jpeg?fit=1920%2C1277\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Rubmar Garcia\"}],\"creator\":[\"Rubmar Garcia\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin correction\",\"bitcoin price\",\"bitcoin rally\",\"btc\",\"btcusdt\",\"crypto analyst\",\"crypto bull run\",\"crypto market\",\"crypto market correction\",\"crypto trader\"],\"dateCreated\":\"2025-01-01T03:00:35Z\",\"datePublished\":\"2025-01-01T03:00:35Z\",\"dateModified\":\"2025-01-01T03:00:35Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/kanchanara-Lta5b8mPytw-unsplash.jpeg?fit=1920%2C1277","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/669043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/614"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=669043"}],"version-history":[{"count":2,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/669043\/revisions"}],"predecessor-version":[{"id":669049,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/669043\/revisions\/669049"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/602298"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=669043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=669043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=669043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}