{"id":47001,"date":"2025-02-10T11:41:02","date_gmt":"2025-02-10T11:41:02","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/btc-briefly-touches-94k-amid-sentiment-driven-dip\/"},"modified":"2025-02-10T11:41:02","modified_gmt":"2025-02-10T11:41:02","slug":"btc-briefly-touches-94k-amid-sentiment-driven-dip","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/btc-briefly-touches-94k-amid-sentiment-driven-dip\/","title":{"rendered":"BTC briefly touches $94k amid sentiment-driven dip"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/bitcoin-btc-2-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/bitcoin-btc-2-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/bitcoin-btc-2-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/bitcoin-btc-2-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>BTC fell below $95k as sellers intensified pressure.<\/li>\n<li>As well as the sentiment, key events to watch out for this week include tariffs news, Fed chair Jerome Powells testimony and CPI data release.<\/li>\n<\/ul>\n<p>Bitcoin (BTC) has witnessed notable downside pressure since recoiling from the all-time high reached in 2024 amid Trump\u2019s victory in the US election.<\/p>\n<p>The benchmark crypto asset has broken to year-to-date highs with bulls largely unfazed. However, the past few days have seen BTC struggle below the psychological $100k level.<\/p>\n<figure id=\"attachment_269469\" aria-describedby=\"caption-attachment-269469\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"wp-image-269469 size-full\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/02\/BTC_1D_graph_coinmarketcap.jpeg\" alt=\"\" width=\"1200\" height=\"800\"\/><figcaption id=\"caption-attachment-269469\" class=\"wp-caption-text\">BTC chart by CoinMarketCap<\/figcaption><\/figure>\n<p>On Feb. 10, the price of BTC flipped negative to briefly touch lows of $94.7k. While it has bounced to above $97k at the time of writing, analysts at QCP Capital <a href=\"https:\/\/x.com\/QCPgroup\/status\/1888885906314342896\" target=\"_blank\" rel=\"noopener\">say<\/a> the market is cautious.<\/p>\n<h2>What next for Bitcoin, altcoins<\/h2>\n<p>Notably, the dip that pushed Bitcoin price to lows of $94,745 appears to be more of sentiment-driven than a reflection of a fundamental shift in broader markets\u2019 risk appetite. QCP analysts opine that volatility will remain skewed toward puts for the next couple months.<\/p>\n<p>Among key things to watch out for is also Federal Reserve chair Jerome Powell\u2019s testimony and the upcoming consumer price index data. Trump\u2019s latest tariff move involving a 25% tariff on steel and aluminum could also fuel further uncertainty.<\/p>\n<p>\u201cA feedback loop is emerging\u2014Trump watches the markets, and the markets test his resolve. Will this embolden him further or force a pivot?\u201d the analysts noted, pointing to the issue of tariffs and the market reaction.<\/p>\n<p>Despite the potential impact of a short term outlook, whales are strengthening to suggest long term confidence in Bitcoin performance.<\/p>\n<p>According to crypto analyst and YouTuber \u2018CryptoJack\u2019, 14,000 BTC have moved on-chain to suggest whales may be making moves amid an expected bull market.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Around 14,000 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> aged between 7y \u2013 10y were moved on-chain. <\/p>\n<p>That&#8217;s a massive amount of older <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a> on the move.<\/p>\n<p>Whales are moving. <a href=\"https:\/\/t.co\/x9JEEyngD0\">pic.twitter.com\/x9JEEyngD0<\/a><\/p>\n<p>\u2014 CryptoJack (@cryptojack) <a href=\"https:\/\/twitter.com\/cryptojack\/status\/1888887632001671433?ref_src=twsrc%5Etfw\">February 10, 2025<\/a><\/p>\n<\/blockquote>\n<p>Bitcoin traded near $98k as of 11:30 am CET, with bulls likely to target $100k if positive vibes surge.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/btc-briefly-touches-94k-amid-sentiment-driven-dip\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) BTC fell below $95k as sellers intensified pressure. As well as the sentiment, key events to watch out for this week include tariffs news, Fed chair Jerome Powells testimony and CPI data release. Bitcoin (BTC) has witnessed notable downside pressure since [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":47002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/47001"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=47001"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/47001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/47002"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=47001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=47001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=47001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}