Bitcoin briefly dipped below $95,000 on Feb. 9 following reports that China planned to impose tariffs on U.S. energy imports, including crude oil and liquefied natural gas. Despite this initial downturn, BTC rebounded to reclaim the $97,000 support level on Feb. 10 after President Donald Trump announced a 25% tariff on steel and aluminum imports. As of now, Bitcoin is trading at approximately $98,383, reflecting a 1.1% increase from the previous day.

Institutional demand for Bitcoin appears to be stabilizing. Key indicators, such as spot exchange-traded fund (ETF) flows and BTC derivatives metrics, suggest limited buying interest. The 25% delta skew for Bitcoin options, which compares similar put (sell) and call (buy) options, currently stands at 2%.

As of February 11, 2025, Bitcoin is trading at approximately $98,409, reflecting a modest uptick from the previous session. The cryptocurrency has been oscillating within a consolidation phase, with key support around $95,000 and resistance near the psychological $100,000 mark. This range-bound behavior suggests that traders are awaiting a decisive move to establish a clearer trend.

Recent technical indicators point to a potential bearish bias. The Relative Strength Index (RSI) has reached 72, indicating overbought conditions, which could precede a price correction. Additionally, Bitcoin's price is currently below its 50-day Simple Moving Average (SMA), signaling possible downward pressure. A failure to hold the $95,000 support level may lead to a decline toward the $92,000 region. Conversely, a successful breach of the $100,000 resistance could pave the way for a rally toward $103,500 and potentially higher. Ethereum recently experienced a significant drop, falling below the crucial $2,850 support level on February 2, 2025, and reaching a low of $2,125 on February 3. However, bulls stepped in, leading to a recovery that has seen ETH climb to around $2,720 as of today. This rebound indicates strong buying interest at lower levels.

Despite this recovery, on-chain data reveals that investors have withdrawn over 200,000 ETH from Ethereum's Beacon Chain staking contracts in the past week, amounting to approximately $540 million. This significant outflow raises concerns about the sustainability of the recent rally. If the price turns down from the overhead resistance, the ETH/USD pair may gradually slide toward $2,111. Bulls will signal a comeback on a break and close above the downtrend line.

Lastly please check out the advancement’s happening in the cryptocurrency world

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