BTC Price Struggles Despite Trump’s Crypto Czar Endorsement | Airdrop Alert Pro

Bitcoin (BTC) prices are still in close range and are struggling to gain momentum despite recent attempts to surpass resistance. President Trump’s crypto czar David Sacks recently called Bitcoin a “excellent store of value,” but the statement has little noticeable impact on price action.

The seller appears to be returning to control as the DMI of BTC shows that bearish pressure increases, while whales are still weak compared to the recent highs. With BTC’s trading between $97,700 support and $99,500 resistor, its next big move could determine whether it will revisit lower levels or push to $100,000 again.

BTC DMI shows sellers gain control again

BTC The DMI chart shows that its ADX dropped to 25.8, down from 35.8 three days ago. This decline suggests that the intensity of the current trend is weakening, indicating that the recent price movement of BTC is losing momentum. BTC has been trying to recover from the downtrend, but the decline in ADX indicates that this recovery lacks strong trend confirmation.

A drop below 25 may indicate that BTC has entered a merger period, and unless a new momentum surge occurs, the price movement becomes smaller and the range is larger.

ADX is an integral part of the Directed Motion Index (DMI) that quantifies trend intensity. Typically, ADX above 25 indicates a strong trend, while reading below 20 indicates a weak or indecisive market situation. Beyond that, BTC’s +DI fell from 22.5 to 16.7 over the past two days, reflecting bullish momentum, while -DI rose from 25.8 to 27.9, indicating an increase in bearish pressure.

Now -di firmly exceeds +di, the market is tilting the seller to make it Bitcoin Recovery attempts are more difficult. If this trend persists and ADX remains above 25, BTC may continue to face downward pressure. However, if ADX falls further and the two directional indicators begin to merge, BTC may enter a period of lateral movement rather than a strong bearish trend.

Bitcoin whales accumulate again, but are less than the most recent high

quantity BTC Whale – Wallets holding at least 1,000 BTC have risen to 2,041, recovering from 2,034 on January 29 to 2,034, marking its lowest level since January 2024. Despite the short-term increase, the total number of whales is still trying to recover from a sharp decline between January 20 and January 23, when it dropped from 2,067 to 2,039, in just three days.

The decline indicates a significantly distributed period in which large holders reduce exposure to BTC. Although the recent rise indicates stability, the overall whale count is well below its recent height, indicating that large-scale accumulation has not yet fully recovered.

Tracking BTC whales is crucial because these entities have the ability to influence price movements through large buy or sell transactions. A growing number of whales often show confidence in strong institutions or high net worth investors, which can help support price stability and can even increase momentum upward.

Despite the small number of whales at present, it is still significantly below the recent 2,067 peaks, suggesting BTC There has not been a wide re-accumulation of major holders yet.

If whales continue to increase, it can provide a stronger basis for BTC recovery, but if they stagnate or fall again, this may indicate that larger investors are still hesitant to commit to assets at the current level.

BTC Price Forecast: Will BTC recover to the $100,000 level soon?

Bitcoin Price Within the current trading range, resistance is about $99,500, while support is $97,700. Based on its EMA structure, the setting remains bearish, where the short-term moving average is below the long-term. This signal is under pressure Although President Trump’s crypto czar David Sacks recently announced that Bitcoin is “a great store of value.”transparent

If BTC tests and loses $97,700 in support, it could drop to $95,783 as the next key level. A stronger decline could drive BTC down, possibly reaching $91,266 (the lowest price since mid-January) if bearish momentum accelerates. This will further consolidate the current market structure, a continuation of the recent decline.

on the other hand, BTC price Trying to break the $99,500 resistance in recent days, but not surpassing it. A successful breakthrough above this level could change the buyer’s motivation, allowing BTC to test for $101,300.

If that level is cleared under intense buying pressure, BTC could gather to $106,300, an important threshold that could open the way for new all-time highs in February.