Bitcoin Celebrates $1 Trillion Anniversary, Still Below $100,000
Date: 2025-02-20 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
Exactly four years ago, in 2021, BTC’s market cap surpassed $1 trillion for the first time. Since then, it has nearly doubled and is now around $1.9 trillion. However, Bitcoin’s price remains stuck in a tight range, failing to break out of the key $100,000 level.
Since early February, the market has shown a balance between buyers and sellers, which has prevented the price from breaking out of a sideways trend. Technical indicators point to a predominance of bearish sentiment, which could lead to further declines.
The daily chart analysis of BTC/USD shows increasing downward pressure. The Relative Strength Index (RSI) is at 44.29, below the neutral 50 level, but has not yet reached the oversold zone (30). This suggests that the price has potential for further decline or consolidation before a possible reversal.
In addition, the MACD indicator confirms the bearish trend: the MACD line (blue) is below the signal line (orange). This signal may intensify the sell-off, increasing pressure on the BTC price.
Bitcoin is currently trading just below the key resistance level of $99,805. If sellers continue to apply pressure, the price may fall below $90,000, reaching $89,434.
However, if buyers are active and manage to break through the resistance at $99,805, this will open the way to testing the $100,000 level. In case of a successful breakout, the next target for BTC is the all-time high of $109,350.
Thus, Bitcoin is at a crossroads: further movement will depend on who gains the upper hand in the market in the coming days.
