Bitcoin momentum in the crypto market continues to attract traders and investors, with analysts providing insights into the top digital asset’s current position and future possibilities.
Popular crypto analyst Alan Santana on TradingView notes from recent market activity that shows resiliency even in the face of small bearish moves or speculative news occurrences. Santana claims that Bitcoin is still strong and presently trading above $100,000, a noteworthy mark in its continuous bullish phase.
Focusing on Long-Term Trends Amid Speculative Market Reactions
“Let me ask you: Is one day’s red truly a strong correction? Is it indeed that terrible? Alternatively, is this more of a market response to a speculative news event?” Santana posed rhetorically. He underlined that traders should concentrate on long-term candle closes instead of transient changes since Bitcoin’s bullish trend is still intact.
While $90,000 and $80,000 are main benchmarks on the weekly and monthly timeframes, respectively, the daily important support level is $100,000.
Source: Alan Santana on TradingView
Santana’s analysis underlined even more how strongly BTC breaking past $80,000 during this price discovery phase was attained without any notable retracements.
Given Bitcoin’s present price dynamics, which point to an ultra-bullish future, the past all-time highs and the March 2024 top price now seem moot. “We are hyper-bullish as long as Bitcoin trades above $100,000; that is all we need to know,” Santana said.
Bitcoin Market Dominance and Wealth Creation in 2025
Within the larger market setting, Bitcoin’s performance has not only kept its supremacy but also helped to create notable riches. A prior CNF report shows that Bitcoin apparently generated four new billionaires and 14,211 new millionaires as it stormed beyond the $100,000 mark, therefore confirming its transforming power.
This increasing momentum fits Santana’s prediction that 2025 will be the full-fledged bull market; institutional players and whales mostly use accumulation as their tactic. “Everyone is accumulating, and prices will keep rising. This is the beginning, not the end,” Santana further said.
Meanwhile, reflecting a 3.23% correction over the last 24 hours as it tries to rebound from recent selling pressure, BTC was trading at about $97,947.02 at the time of writing.
Notwithstanding this slight correction, Santana’s analysis indicates that in the overall scheme of a bullish consolidation, any bearish activity is only “chart noise.” With ongoing expansion expected for Bitcoin and the larger crypto market, he thinks these consolidations finally open the path for higher prices.
The dynamics of the present market also show chances in altcoins. Although many altcoins have already attained gains of 3-5x above their market bottoms, Santana noted that there is still more room for development.
Though somewhat rare in the current market, he underlined that any possible retests of support levels by Bitcoin should be seen as buying opportunities. “If Bitcoin were to go down and test these support levels—a blessing—use this as an opportunity to buy more, but this opportunity is hard to come by,” he said.
Recommended for you:
