BTC news: slips to $97,341.60 — technicals show no key support above $92,000

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Bitcoin slides 6.23% today

Highlights

The central bank of the Netherlands established a $1 million test portfolio of digital assets, including Bitcoin, marking the first BTC inclusion on a central bank balance sheet.
Emory University increased its Bitcoin ETF exposure to $51.8 million via the Grayscale Bitcoin Mini Trust, and Metaplanet lifted holdings to 30,823 BTC through credit financing and buybacks.
On-chain flows were notable, with long-term holders moving 815,000 BTC in 30 days and a $290 million BTC transfer to Kraken, while Bitcoin Depot acquired 500+ kiosks to reinforce its North American ATM lead.

Institutional inflows and central bank adoption bolster on-chain activity

The latest regulatory milestone saw the central bank of the Netherlands establish a $1 million test portfolio of digital assets, mainly comprised of Bitcoin, marking the first inclusion of BTC on a central bank balance sheet even though no additional accumulation is planned. Emory University has expanded its Bitcoin ETF exposure to $51.8 million via the Grayscale Bitcoin Mini Trust, while Metaplanet increased its holdings to 30,823 BTC through credit financing and buybacks. On-chain activity has been significant, with long-term holders moving 815,000 BTC in 30 days and a major transfer of $290 million in BTC to Kraken. Bitcoin Depot also reinforced its position as the top North American ATM operator after acquiring over 500 kiosks from National Bitcoin ATM.

Persistent downtrend as bearish momentum weakens technical supports

Technical analysis continues to highlight strong bearish forces, as Bitcoin remains suppressed beneath the MA-20, MA-50, and MA-200 on the daily chart, with the Ichimoku cloud setting dynamic resistance near $107,220 and no meaningful support above current levels. Daily momentum indicators confirm sustained selling pressure — MACD is deep in negative territory, ADX at 24.10 shows a well-defined downtrend, while RSI (36.86), CCI (–100.98), and Stoch RSI (31.35) approach oversold conditions. BBP and multiple intraday timeframes confirm seller dominance, with the Awesome Oscillator neutral and not contradicting the current downtrend. High volatility is reflected in today’s price action, which remained at the lower end of the $95,933.75 – $99,866.02 range after a downside opening gap.

Sideways consolidation likely as high probability of further declines persists

For the upcoming week, Bitcoin is expected to trade within $92,000 – $102,000, accounting for current volatility. The probability of continued declines is over 80%, making a sustained rally highly unlikely. Baseline expectations are for the asset to consolidate sideways in this range. A close above $102,000 would be needed for a bullish reversal, while further losses below $92,000 could trigger an acceleration to the downside.

Anton Kharitonov, Traders Union analyst, views Bitcoin’s recent price action as a clear sign of persistent bearish strength. He highlights that strong technical resistance and exhausted momentum make a bullish case unlikely, despite positive news from institutions and regulators. The analyst expects continued consolidation and warns that downside risks remain elevated. "Until Bitcoin closes decisively above $102,000, any recovery is suspect — my outlook stays defensive."

Previously it was noted that the Czech National Bank made its first-ever purchase of Bitcoin as part of a $1 million pilot portfolio to explore blockchain and digital asset processes. The test portfolio will include Bitcoin, stablecoins, and tokenized assets, allowing central bank employees to practically compare various types of digital assets while studying aspects such as settlement, trading, and auditing.

Source of Data: BTC Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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