Key Bitcoin level of $ 97,877 is essential for Bullish Run

The price of Bitcoin (BTC) remains just under $ 105,000 and shows no indications of its next movement. Although an outbreak can trigger the Bullish Momentum and revive the tension around this crypto-bull race, it is also relevant that market government resists additional falls to certain price levels.

Bitcoin should be held over $ 97,877 to preserve up

After a significant price correction in December 2024, Bitcoin appears to have regained its bullish form in 2025, which has even established a new record high level of $ 109.114 when Donald Trump joined as US president.

Currently, the flagship crypto asset is traded below $ 105,000 after a series of significant gains and losses over the past week. In the midst of this market uncertainty, popular crypto analyst Ali Martinez has highlighted a price support level that is crucial to maintaining Bitcoin’s current Bullish structure.

In one X post On January 25, Martinez announces that investors accumulated over 101,000 BTC to $ 97,877, converting this price zone to an important level of support. Therefore, the Bitcoin Prize must be kept above this level to ensure a continuation of the current upset.

In particular, the accumulation of a massive amount of BTC of $ 97,877 indicates strong market scope among investors. Conversion of this high market price to a potential price floor for Bitcoin suggests expectations of an extended bullish phase and higher profit levels.

Interestingly, certain technical indicators also support this bullish mood. Based on Bitcoin’s daily trading diagram, its relative strength index is 60.83, indicating that the leading cryptocurrency still has a lot of room for growth before entering the overbought zone and experiencing a price turn.

But if BTC loses its $ 97,877 support level due to overwhelming sales pressure, this price drop would signal a wider market retacement that paves the way for a free fall to around $ 92,800, where the next significant support zone is located.

BTC investors show strong demand with high CEX flow

In other news, Blockchain Analytics Platform Intotheblock Reports that centralized stock exchanges (CEX) have registered $ 800 million in Bitcoin Net Extension over the past week.

This development suggests a high demand from BTC investors who buy and move BTC to private wallets in anticipation of future gains. It is important that a falling supply of BTC on stock exchanges reduces the potential of significant sales pressure that will adversely affect prices.

At the time of press, Bitcoin exchanges hands for $ 104,805, reflecting a minor decrease of 0.15% over the past 24 hours. Meanwhile, the daily trading volume has fallen by 53.81% and rated at $ 25.5 billion. Despite these measurements, the Bitcoin community remains largely bullish according to CoinMarketcap Opinion Data. With a market value of 2.07 trillion dollars, the first cryptocurrency retains 57.7% dominance of the overall market for digital assets.