**BTC/USD Overview**

**BTC/USD Overview**

**Current Price:** $97,000
**Market Cap:** 1.91T
**24h Volume:** 53.95B
**All-Time High:** $109,356 (Jan 20, 2025)
**All-Time Low:** $0.04865 (Jul 14, 2010)

**Major News**
1. **Bitcoin Monthly Close:** BTC/USD achieved its first six-digit monthly close ever at $102,400 on Jan 31, 2025.
2. **Institutional Activity:** Coin base registered a net outflow of over 15,000 BTC, hinting at major institutional purchases.
3. **US Economic Data:** The upcoming NFIB Small Business Optimism Index and Bureau of Labour Statistics reports on productivity and labour costs are crucial for gauging US economic strength.
4. **FTX Repayments:** FTX's upcoming repayments to creditors starting on February 18 could bring volatility for Bitcoin prices.

**Insights from Top Traders**
1. **Cassian Drake:** Suggests potential for BTC to make one last push up to $111,000 before a possible bear market.
2. **Grandmaster Oz:** Warns of potential negative impact from US political developments on crypto.
3. **Michaël van de Poppe:** Remains confident in the longer-term picture despite short-term volatility.
4. **PlanB:** Indicates that BTC is in the most intense phase of its price cycle.

**Guidance on Moving Forward**
1. **Watch Key Levels:** Keep an eye on the 0.618 Fibonacci retracement level at $96,686.26.
2. **Stay Informed:** Monitor US economic data and political developments for potential impacts on BTC/USD.
3. **Risk Management:** Ensure proper account risk management and leverage trading knowledge.

**Predictions for Next Week**
1. **Potential Upside:** February is traditionally one of Bitcoin’s best-performing months, with average gains of 14.4%.
2. **Volatility:** Expect volatility due to FTX repayments and US economic data.
3. **Support Levels:** Watch for support at the $96,000 level.