#BTCBreaks99K Bitcoin has indeed broken above $99,000, with its current price at $102,600. This surge is driven by increased demand, positive market sentiment and global institutional adoption. The market sentiment is bullish, with potential targets of $100,000, $105,000 or even $110,000.
*Key Levels to Watch:*
- *Support Levels:*
- $95,000 (critical level)
- $90,000
- $85,000
- *Resistance Levels:*
- $100,000
- $105,000
*Market Analysis:*
- Bitcoin's realized cap has reached a record high of $890.7 billion, indicating consistent investor interest and accumulation.
- Long-term and short-term holders are raising their stakes, showing growing confidence in Bitcoin's value proposition.
