Bitcoin is approaching a crucial resistance point around $100,000, with the current price hovering just below $99,500.
**On-chain data indicates strong institutional interest and whale activity, further fueling the bullish outlook.** However, failure to break through $100K could lead to short-term consolidation or a pullback, with support levels potentially forming around $98K.
As the market watches closely, the next few days could be pivotal in determining Bitcoin’s short-term trajectory and long-term potential.
💵 This key level has historically acted as a psychological and technical barrier, and a breakout above could propel BTC to new all-time highs. 💵