#BTCBreaks99K
Posts suggest a mix of drivers: ETF inflows outpacing supply, a softer Fed stance cooling the dollar, and even New Hampshire greenlighting BTC as a state reserve. Technicals like a golden-cross signal are fueling trader hype, with some eyeing a push to six figures if it breaks $100K resistance. But there’s caution too—analysts warn of over-leverage in derivatives markets, with Open Interest spikes hinting at potential volatility. Historically, these levels have seen pullbacks, like the 7% drop after nearing $100K in November 2024. On-chain data shows strong support below $95K, but selling pressure looms above $95,634. Whales and institutions, like Strategy holding $52B in BTC, keep accumulating, which could sustain momentum. Yet, a correction to $90K isn’t off the table if resistance holds. Eyes on $102K as the next big test.
