---
title: "What Level It Must Hold to Stay Bullish"
url: https://diffcoin.com/what-level-it-must-hold-to-stay-bullish/
description: "BTC is down toward $104K."
published: 2025-01-25
updated: 2025-01-25
author: "Mila"
site: "Diffcoin"
---

# What Level It Must Hold to Stay Bullish

Bitcoin’s price has lost its momentum and has retraced by several grand in the past day or so, but it’s still above a key support level.

Ali Martinez, the popular crypto analyst with almost 120,000 followers on X, noted that the bull run is still intact as long as the cryptocurrency remains above $98,000.

The primary cryptocurrency experienced massive volatility at the start of the week, as it plunged by over $6,000 on Monday morning to under $100,000 before it exploded out of the gate to a new all-time high above $109,000.

This all transpired ahead of Donald Trump’s inauguration, and when that arrived, BTC slumped, as he had failed to mention the industry even once. Nevertheless, the $100,000 support held and bitcoin bounced off toward $107,000.

However, the bears stopped the asset’s ascent at that point and pushed it south by a few grand in the past day. Just a few hours ago, the cryptocurrency tested $104,000 but has remained above it.

Despite this $3,000 price drop in a day, BTC’s bull run will continue as long as it remains above $98,000, said Martinez. He outlined that level as particularly important for the asset due to the massive accumulation point it has become.

More than 101,000 BTC (valued at $10.5B at today’s prices) were purchased at around that line, which turned it into a ‘crucial’ support. Typically, investors, especially those who have arrived at the scene more recently, tend to dispose of their holdings if they see the price tumble below their entry level.

> The key support level for [#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw) is at $97,877, where more than 101,000 [$BTC](https://twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw) were accumulated. Holding above this level is crucial to sustaining the bullish momentum. [pic.twitter.com/4kMR5ZtkWa](https://t.co/4kMR5ZtkWa)
> 
> — Ali (@ali_charts) [January 25, 2025](https://twitter.com/ali_charts/status/1883024751578481119?ref_src=twsrc%5Etfw)

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