Bitfinex: "If Bitcoin Holds $95,000 This Month, It Will Renew Its High Next Month"

BTC Price Flow, Classified and Analyzed in 3-Month Intervals

Bitfinex has identified maintaining $95,000 as a condition for breaking the all-time high in the short term for BTC.

Bitfinex stated in a report released on the 6th that "the current important price for BTC is $95,000, which serves as the lower boundary in the 3-month range after the market adjustment that occurred until February 2025".

Previously, on January 20th, BTC recorded an all-time high of $109,000. Bitfinex, which classified BTC's price flow in 3-month intervals, highlighted June as a critical month, emphasizing that BTC could reach a new high in June.

Bitfinex added, "If BTC fails to maintain $95,000 before June, this area could turn into a resistance level, and the risk of additional adjustment and decline in the short term increases".

As of 2 PM on the 7th, BTC was trading at $96,458 according to CoinMarketCap.

Reporter Seung-won Kwon ksw@blockstreet.co.kr