The Bitcoin key value of $ 97,877 turns out to be crucial for the upward trend

The price of Bitcoin (BTC) remains just under $ 105,000 and shows no signs of a next movement. While an outbreak trigger an upward dynamics and revealing the excitement around this crypto bull market, it is also important that market bulls oppose a further decline to certain price levels.

Bitcoin must stay over $ 97,877 to maintain the upward trend

After a significant price correction in December 2024, Bitcoin seems to have regained its upward trend in 2025 and, when Donald Trump took office, even achieved a new all-time high of $ 109,114.

The flagship crypto-asset is currently being traded under $ 105,000 in the past week after a number of considerable profits and losses. In the middle of this market uncertainty, the popular cryptoanalyst Ali Martinez emphasized a price support level that is of crucial importance to maintain the current bullish structure of Bitcoin.

In a contribution to therefore, the Bitcoin price must remain above this level to ensure a continuation of the current upward trend.

In particular, the accumulation of a huge BTC volume of $ 97,877 indicates a strong market confidence from investors. The conversion of this high market price into a potential lower price limit for Bitcoin indicates a longer upward phase and higher level of profit.

Interestingly, certain technical indicators also support this bullish mood. Based on the daily trade diagram of Bitcoin, the relative strength index is 60.83, which indicates that the leading cryptocurrency still has a lot of space for growth before it enters the overbought zone and experiences a pricing.

However, if BTC loses its level of support at $ 97,877 due to the overwhelming sales pressure, this drop in prices would signal a broader decline in market decline and pave the way for a free case to around $ 92,800, in which the next important support zone is.

BTC investors show strong demand with high CEX drains

In other messages, the Blockchain analysis platform Intotheblock reports that centralized stock exchanges (CEX) recorded net outflows from Bitcoin in the amount of $ 800 million last week.

This development indicates high demand from BTC investors who acquire BTC in the expectation of future profits and postpone them into private wallets. It is important that a falling range of BTC on the stock exchanges reduces the potential of a significant sales pressure that would have a negative impact on prices.

At the time of printing, Bitcoin notes at $ 104,805, which corresponds to a slight decline of 0.15 % last day. Meanwhile, the daily trade volume has dropped by 53.81 % and is $ 25.5 billion. Despite these key figures, the Bitcoin community remains largely optimistic according to Coinmarketcap. With a market capitalization of $ 2.07 trillion, the first cryptocurrency continues to dominate 57.7 % of the entire market for digital assets.