Bitcoin Price Recovery: A New Turning Point Backed by Market Sentiment and Bargain Hunting

Bitcoin Daily Chart

On February 4, 2025, Bitcoin’s price rebounded to the $99,000 range. This recovery was driven by market confidence following President Trump’s decision to delay tariffs on Canada and Mexico, combined with bargain-hunting after the previous day’s sharp decline. Not only Bitcoin but also Ethereum and other altcoins showed gains, signaling a shift away from risk-averse sentiment. However, vulnerabilities to trade policies and geopolitical risks remain key concerns for analysts.

Future Outlook and Predictions

The current Bitcoin market benefits from bargain-hunting and the reassurance stemming from the delayed tariff decision. The chart demonstrates a sustained long-term upward trend, suggesting that the market could become even more bullish as Bitcoin approaches the $100,000 milestone.

That said, investors should remain cautious about geopolitical developments and concerns over economic growth slowdowns. For example, if tariffs on Chinese goods proceed as planned, the cryptocurrency market, including Bitcoin, might face renewed selling pressure. Monitoring upcoming trade negotiations and economic data releases is crucial.

Analyzing the chart, the $95,000 to $100,000 range appears to act as a short-term support level. Consolidation within this range is likely, and a clear breakout above it may signify the start of a new upward trend. Conversely, a drop below $95,000 could indicate further downside risk.

Explanation for Beginners

For those who have read this article or viewed the attached chart, now is an exciting time to consider investing in Bitcoin. With the price hovering around $99,000, there is significant potential for it to break the key $100,000 milestone. This makes it an opportune moment to start buying, even with small amounts, to potentially benefit from future gains.

Currently, the price range between $95,000 and $100,000 is considered a favorable zone for investors to begin buying. The chart indicates that the upward trend remains intact, making it a promising time to step into the market.

If you’re considering purchasing Bitcoin, start small and initiate your investment today. As the price moves above $100,000, consider adding more to your position to maximize your potential gains. At this stage, taking action by “buying” is a recommended strategy.