February 4, 2025 – Bitcoin (BTC) dipped below the $100,000 mark as renewed US-China trade tensions rattled financial markets. After a sharp rebound from $91,500 to over $100,000, BTC/USD reversed by 3% following news that China is imposing retaliatory tariffs on US oil and coal.
Despite the volatility, analysts remain optimistic. Crypto trader Jelle warned of another turbulent trading session, while Michaël van de Poppe noted that Bitcoin is still holding within its range. “As long as BTC remains above $93K, a new all-time high (ATH) is likely in February,†he stated.
Trader Phoenix suggested that Bitcoin might enter a new short-term range before its next major move. Meanwhile, onchain analyst Axel Adler Jr. highlighted bullish funding rates in derivatives markets, signaling continued institutional interest.
With market volatility surging, investors are watching for potential new highs in the coming weeks.
Source: Cointelegraph
