Bitcoin price crosses $100K (now ~$103K); rally lacks derivatives froth, suggesting sustainability.
Analyst EGRAG CRYPTO says BTC closing above $109K is crucial for next bullish impulsive wave.
Institutional interest in Bitcoin grows while retail is lukewarm; BTC dominance key to watch.
Bitcoin (BTC) has once again surged past the six-figure mark, decisively crossing the $100,000 threshold with strong market momentum. As of press time, Bitcoin trades at $103,655, reflecting nearly a 10% gain over the past week.
A key aspect of this Bitcoin price $100k sustainable rally is that it comes without the usual signs of frothiness in the derivatives market. This, according to K33 Research, could signal a more sustainable rally this time around.
Bitcoin has reclaimed six digits following continued strong momentum. In contrast to past $100k breakouts, we see no signs of derivatives froth as general defensiveness prevails, strengthening the case for lasting momentum and new ATHs.https://t.co/cVIVanaCGR
— K33 Research (@K33Research) May 13, 2025
$109K: The Key Level for Bitcoin’s Next Impulsive Wave
Crypto analyst EGRAG CRYPTO emphasizes the critical importa…
The post BTC Dominance Is Key If Bitcoin Hits $109K For Altcoin Season Clues appeared first on Coin Edition.
