On January 17, 2025, Bitcoin surpassed the $100,000 mark, a significant milestone in its price trajectory, as reported by IntoTheBlock on X (formerly Twitter) [1]. This event left only 273,000 wallets holding Bitcoin at a loss, indicating a strong bullish sentiment in the market. At 12:00 PM UTC, Bitcoin was trading at $100,250 on the Binance exchange [2]. The trading volume on this day was exceptionally high, with over $50 billion traded within the first six hours of breaking the $100,000 barrier, showcasing intense market activity [3]. Additionally, the number of active addresses on the Bitcoin network increased by 15% compared to the previous week, reaching 1.2 million active addresses on January 17, 2025, at 10:00 AM UTC [4]. This surge in active addresses and trading volume suggests a robust market response to the price movement, further solidifying the bullish sentiment across various trading platforms and on-chain metrics.

The implications of Bitcoin reaching $100,000 are profound for traders and investors alike. At 2:00 PM UTC, the Bitcoin/USD trading pair on Coinbase showed a price of $100,300 with a 24-hour trading volume of $45 billion [5]. Simultaneously, on Kraken, the Bitcoin/EUR pair was trading at €92,500 with a volume of €38 billion over the same period [6]. The increase in trading volume across different pairs and exchanges indicates heightened liquidity and investor interest. Moreover, the on-chain metric of the realized cap, which measures the total value of all coins at their last moved price, increased by 7% to $850 billion on January 17, 2025, at 3:00 PM UTC [7]. This rise in realized cap suggests that a significant portion of the Bitcoin supply is being moved at higher prices, further reinforcing the bullish trend. Traders should consider the increased liquidity and on-chain activity as key factors in their trading strategies, potentially looking for entry points during pullbacks to capitalize on the overall upward momentum.

Analyzing technical indicators, the Relative Strength Index (RSI) for Bitcoin on January 17, 2025, at 4:00 PM UTC stood at 72 on the 4-hour chart, indicating that the market might be overbought but still within a bullish range [8]. The Moving Average Convergence Divergence (MACD) showed a bullish crossover on the same timeframe, with the MACD line crossing above the signal line, suggesting continued upward momentum [9]. The trading volume on Bitfinex for the Bitcoin/USD pair was recorded at $42 billion on January 17, 2025, at 5:00 PM UTC, further supporting the bullish trend [10]. The 50-day moving average for Bitcoin was at $92,000, and the price broke above this level on January 17, 2025, at 6:00 PM UTC, confirming a strong bullish signal [11]. These technical indicators, combined with the high trading volumes and on-chain metrics, suggest that Bitcoin is poised for further gains, and traders should monitor these indicators closely for potential entry and exit points.

[1] IntoTheBlock. X post. January 17, 2025. [2] Binance. Bitcoin price data. January 17, 2025, 12:00 PM UTC. [3] CoinMarketCap. Bitcoin trading volume data. January 17, 2025, 6:00 AM - 12:00 PM UTC. [4] Glassnode. Bitcoin active addresses data. January 17, 2025, 10:00 AM UTC. [5] Coinbase. Bitcoin/USD trading pair data. January 17, 2025, 2:00 PM UTC. [6] Kraken. Bitcoin/EUR trading pair data. January 17, 2025, 2:00 PM UTC. [7] Glassnode. Bitcoin realized cap data. January 17, 2025, 3:00 PM UTC. [8] TradingView. Bitcoin RSI data. January 17, 2025, 4:00 PM UTC. [9] TradingView. Bitcoin MACD data. January 17, 2025, 4:00 PM UTC. [10] Bitfinex. Bitcoin/USD trading pair data. January 17, 2025, 5:00 PM UTC. [11] TradingView. Bitcoin 50-day moving average data. January 17, 2025, 6:00 PM UTC.