Bitcoin Price Prediction — BTC Holds $106K Support as Fear Index Stays at 27 on CoinMarketCap

Bitcoin’s price remains stable around $106,000, signaling that selling pressure is starting to ease after one of the most volatile weeks of Q4. Data shows the Crypto Fear & Greed Index holding steady at 27, placing sentiment deep in “fear” territory — historically a level associated with long-term accumulation zones.

According to analysts, short-term holders have started exiting positions while long-term whales continue to add to their stacks. This “risk-off washout” could set up Bitcoin for a sharp rebound toward the $118K–$120K range once ETF inflows stabilize and macro headwinds ease.

Technical Outlook: BTC Defends Key Support

Bitcoin has tested the $105K–$106K range multiple times this week and continues to attract strong bid interest. The 20-day moving average has flattened, and RSI levels have normalized from overbought extremes, indicating a market preparing for consolidation before a potential breakout.

Analysts note that a daily close above $108K could confirm the next leg up toward $120K, while a drop below $104K would invalidate the bullish setup.

On-Chain Metrics Suggest Bottom Formation

Exchange outflow data reveals a net withdrawal of $750 million in BTC from centralized exchanges since Monday — one of the largest outflow weeks since July. Historically, similar events have preceded 15–25 % rallies, as reduced exchange supply signals accumulation and declining sell pressure.

Analysts See 2025 Setup Forming

With ETF flows stabilizing and macro liquidity gradually returning, analysts expect Bitcoin to remain range-bound near $106K–$110K through the next few weeks before potentially testing new highs in early 2025.

Historically, the Fear Index near 25–30 has marked the end of corrections and the beginning of accumulation phases. If this pattern holds, BTC’s current range could become the foundation for the next multi-month bull run.