Bitcoin fails to hit 100,000, behind-the-scenes big shots revealed! Is it a bull market or a disguise?
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BTC price has been unable to touch 100,000 for 16 consecutive days, today it is 'lying flat' around 98,000 dollars. Although the ETF market sees a weekly net inflow of up to 256 million dollars, BlackRock's IBIT has seen a large outflow of 139.5 million. Is this money going in and out a sign of market caution or is there something more behind it?
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Even more shocking, rumors suggest that the U.S. may purchase 500,000 Bitcoins to establish a strategic reserve, and Scaramucci claims this is a real plan?! Coupled with MicroStrategy's 2 billion dollar fundraising operation, this 'big whale game' is simply nerve-wracking to watch!
From a technical perspective, $BTC has broken through the 50-day and 200-day EMA support, but the RSI shows an approaching 'overbought warning'. If the bulls fail to break through the critical level of 100,000 this time, it could pull back to 95,000 or even lower. Have the bears sniffed an opportunity? Or have the bulls already ambushed?
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Brothers, do you think BTC's next step is to leap over 100,000, or will it undergo a deep adjustment? Let's chat in the comments!
