In the first week of January 2025, Bitcoin (BTC) demonstrated robust performance by reclaiming the $100,000 mark. This milestone was achieved on January 7, 2025, as reported by IntoTheBlock (@intotheblock). The price surge signifies a strong bullish trend for the cryptocurrency, highlighting its resilience and investor confidence at the start of the new year.

The market implications of this surge are significant. With Bitcoin reaching $100,000, the trading volume for the BTC/USD pair on major exchanges like Binance and Coinbase saw an increase of approximately 25% from the previous week, as reported by CoinMarketCap (@CoinMarketCap) on January 7, 2025. This increase in volume suggests heightened market activity and liquidity. Additionally, the number of Bitcoin holders at a loss has dwindled to approximately 380,000 addresses, representing less than 1% of all Bitcoin holders, according to IntoTheBlock (@intotheblock) on the same date. This low percentage of holders at a loss indicates a strong market sentiment and potential for further upward momentum.

Technical analysis further supports the bullish outlook. On January 7, 2025, the Relative Strength Index (RSI) for Bitcoin was at 72, indicating overbought conditions but also sustained buying pressure, as reported by TradingView (@TradingView). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line, suggesting continued upward momentum, according to the same source. Additionally, on-chain metrics reveal that the total number of active addresses increased by 10% in the last 24 hours before January 7, 2025, as per Glassnode (@glassnode). This increase in active addresses further corroborates the heightened market activity and investor engagement.