Bitcoin Price Prediction: BTC Crashes 6% To $95K As Investors Shift Focus To This New Bird Token That Raised $9 Million Before Time Runs Out
The Bitcoin price dropped 6% in the last 24 hours to trade at $95,960 as of 3.40 a.m. EST on trading volume that shot up 37% to $66.39 billion. The coin dropped after previously surging since January 1, and finally breaking the barrier at $100k on Monday, which allowed it to return above this level for the first time in 2025. However, a resistance at $102.5k stood in its way, keeping BTC from progressing further, and eventually, after trying to breach the resistance for nearly 24 hours, the coin’s price was rejected. Why are people freaking out about a dip?#Bitcoin price is looking pretty stable to me 👀 pic.twitter.com/k3XKvCVN5R — Michael R. Sullivan (@SullyMichaelvan) January 7, 2025 Bitcoin reacted by sinking back to $95k, but fortunately, this resistance allowed it to stop the rapid descent. In fact, it is already giving signs of recovery at the time of writing. While some of the investors quickly started selling when the price dipped, others have waited fo...