In the first week of 2025, Bitcoin demonstrated significant strength by reclaiming the $100,000 price level, as reported by IntoTheBlock on January 7, 2025 (@intotheblock). This marks a notable milestone for the cryptocurrency, which had been hovering around the $95,000 mark at the end of 2024 (source: CoinMarketCap, December 31, 2024). The exact price of Bitcoin reached $100,123 on January 5, 2025, according to data from CoinGecko.

The trading implications of this price surge are significant. With Bitcoin reclaiming the $100,000 level, trading volumes surged to an average of 25,000 BTC per day across major exchanges like Binance and Coinbase between January 1 and January 7, 2025 (source: CryptoCompare). This increase in volume suggests strong market participation and potential for further upward momentum. Additionally, the market depth on Binance showed a significant increase in buy orders at the $100,000 level, indicating strong bullish sentiment as of January 7, 2025 (source: Binance API).

Technical indicators further support the bullish outlook. The Relative Strength Index (RSI) for Bitcoin was at 68 on January 7, 2025, indicating that the asset is not yet overbought and still has room for upward movement (source: TradingView). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover on January 6, 2025, further reinforcing the positive sentiment (source: TradingView). On-chain metrics reveal that only about 380,000 addresses, representing less than 1% of all Bitcoin holders, were still at a loss as of January 7, 2025 (source: IntoTheBlock). This low percentage of addresses at a loss underscores the widespread profitability among Bitcoin holders.