Bitcoin is testing major resistance at $97,000
Bitcoin continues to rise with a significant resistance test at $97,131 on February 10. Technical analysts observe a pin bar formation at this level, suggesting a possible consolidation before a new attempt to reach $100,000.
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New historical record for the difficulty of Bitcoin
The difficulty of mining Bitcoin has just hit a new high of 114.7 trillion, an increase of 5.6%. This increase is directly linked to the record hashrate observed on February 4, testifying to increased competition between miners.
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Bitcoin exchange reserves continue to fall
On-chain data reveals that Bitcoin reserves on exchanges continue their downward trend, reaching around 2.4 million BTC as of February 6, 2025. This decrease suggests continued accumulation by long-term investors.
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CryptoXR 2025: success for the French crypto event
The CryptoXR event, which took place from January 31 to February 2 in Auxerre, confirmed its status as the second largest French crypto conference. In particular, the event highlighted the innovations of Alephium and Kaspa, attracting more than 3,000 visitors.Source 1Source 2
Market outlook
The cryptocurrency market is showing signs of tension with a 4% drop in Bitcoin since the beginning of February. Analysts are closely monitoring the price movement around the $91,000 support, while the total market capitalization remains under pressure.
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