On January 7, 2025, Bitcoin (BTC) began the new year trading above the significant psychological barrier of $100,000, as reported by Michaël van de Poppe (@CryptoMichNL) on Twitter. The exact price at the time of the tweet was $100,450, marking a strong start for the cryptocurrency in the new year (source: @CryptoMichNL, January 7, 2025).

The trading implications of Bitcoin's price movement are significant. If the $98,000 support level holds, as suggested by @CryptoMichNL, it could pave the way for Bitcoin to reach a new all-time high (ATH). Historical data shows that Bitcoin reached its previous ATH of $69,000 on November 10, 2021 (source: CoinMarketCap). The current trading volume on major exchanges like Binance and Coinbase was reported at 24,500 BTC and 18,000 BTC respectively on January 7, 2025, indicating strong market interest (source: CoinGecko, January 7, 2025).

Technical indicators for Bitcoin on January 7, 2025, include a Relative Strength Index (RSI) of 68, suggesting that the market is approaching overbought territory but still within a bullish trend (source: TradingView, January 7, 2025). The 50-day moving average stood at $95,000, while the 200-day moving average was at $88,000, both of which are below the current price, reinforcing the bullish outlook (source: TradingView, January 7, 2025). On-chain metrics indicate that the number of active addresses increased by 5% compared to the previous week, reaching 1.2 million on January 7, 2025 (source: Glassnode, January 7, 2025).