๐ Bitcoin (BTC) Surges Past $97K โ But Faces Major Resistance! ๐จ
The worldโs top cryptocurrency, Bitcoin (BTC), recently soared past the $97,000 mark thanks to strong bullish momentum! ๐๐ฐ
However, the excitement was short-lived... BTC pulled back to $94,000 after hitting resistance near $98,000. โ ๏ธ
๐ Glassnode: BTC Eyes $100K โ But Key Levels Must Hold! ๐ฏ๐ง
According to analysts at Glassnode, Bitcoin is still on track for a potential run to $100,000, but two key conditions must be met:
โ Hold above $95,000
โ Break and close above $98,000 on the daily chart ๐
๐ข 86% of BTC Holders Are in Profit ๐ข
Glassnodeโs latest data shows that a whopping 86% of BTC in circulation is currently in profit! ๐ฉ๐
This is typically a bullish sign ๐ฃ... but there's a catch.
๐ Historically, when profit-taking reaches this level (above 80-90%), it can trigger corrections, especially from short-term holders looking to cash out. ๐ธ
๐ Bitcoin at a Crossroads! โ๏ธ
Analysts stress that BTC is at a critical decision point:
๐ผ A breakout above $98K could spark a rally toward $100K
๐ฝ But if $95K fails, we could see a retest of lower levels around $85K to $75K ๐ฌ
๐ A dip to $75K would erase gains made during the last 90-day price surge. ๐ฎโ๐จ
๐ Bottom Line:
Bitcoin is standing at the edge of a major move โ will it blast off to new highs or face a sharp pullback? ๐ข #bitcoin #BTC #Binance #BinanceSquareFamily #crypto