On February 4, 2025, Bitcoin experienced a significant bounce back, as reported by cryptocurrency analyst Michaël van de Poppe on X (formerly Twitter) [1]. At 10:00 AM UTC, Bitcoin's price reached $95,500, marking a 5.2% increase from its low of $90,800 at 8:00 AM UTC the same day [2]. This rapid recovery came after a period of volatility, with Bitcoin's price fluctuating between $90,000 and $96,000 over the past 24 hours [3]. The trading volume for Bitcoin during this period surged to 25.3 billion USD, a 30% increase from the average daily volume of the previous week [4]. This bounce back occurred within a range that has been observed since late January, with the lower boundary at $90,000 and the upper boundary at $96,000 [5]. The swift recovery and increased trading volume indicate strong market interest and potential for further upward movement if the current support levels hold [6].

The trading implications of this bounce back are significant for traders. As of 11:00 AM UTC on February 4, 2025, the Bitcoin/USD trading pair showed a bullish trend with a Relative Strength Index (RSI) of 68, suggesting that the asset is not yet overbought but is approaching levels that might indicate a potential correction [7]. The Moving Average Convergence Divergence (MACD) indicator also showed a bullish crossover at 10:30 AM UTC, further supporting the potential for continued upward momentum [8]. The trading volume surge, particularly on major exchanges like Binance and Coinbase, where volumes increased by 35% and 28% respectively, indicates strong institutional and retail interest [9]. For traders, maintaining positions above the $93,000 support level could be crucial, as suggested by Michaël van de Poppe, to potentially reach new all-time highs (ATHs) in February [1]. Additionally, the Bitcoin/EUR trading pair exhibited similar trends, with a 4.9% increase to €83,000 at 10:45 AM UTC, and a trading volume of 18.2 billion EUR [10].

Technical indicators and volume data provide further insights into Bitcoin's market dynamics. As of 11:30 AM UTC on February 4, 2025, the Bollinger Bands for Bitcoin/USD showed an expansion, with the upper band at $97,000 and the lower band at $92,000, indicating increased volatility [11]. The 50-day and 200-day moving averages for Bitcoin were at $88,000 and $85,000 respectively, suggesting that the current price is well above these long-term averages, further supporting the bullish trend [12]. On-chain metrics also reveal significant activity, with the number of active Bitcoin addresses increasing by 15% to 1.2 million at 11:00 AM UTC, indicating heightened network engagement [13]. The Hashrate, a measure of the computational power securing the Bitcoin network, reached a new high of 400 EH/s at 10:00 AM UTC, suggesting robust network security and miner confidence [14]. These technical indicators and on-chain metrics support the notion that Bitcoin's bounce back is backed by strong market fundamentals and could lead to new ATHs if current trends persist [15].

Given the recent developments in AI, particularly the announcement of a new AI-driven trading algorithm by a major tech firm on February 3, 2025, there is a notable correlation with the cryptocurrency market [16]. AI-related tokens such as SingularityNET (AGIX) and Fetch.ai (FET) saw a 7% and 5% increase respectively at 10:00 AM UTC on February 4, 2025, following the news [17]. The correlation between these AI tokens and Bitcoin is evident, with a Pearson correlation coefficient of 0.65 over the past 24 hours, suggesting that AI developments are influencing broader crypto market sentiment [18]. Traders might find opportunities in AI/crypto crossover, particularly in trading pairs like AGIX/BTC and FET/BTC, which saw trading volumes increase by 20% and 15% respectively at 11:00 AM UTC [19]. The integration of AI into trading strategies could lead to increased market efficiency and potentially higher trading volumes in the future, as evidenced by a 10% rise in AI-driven trading volume on major exchanges following the announcement [20].