Bitcoin’s price journey is approaching a critical node, and despite multiple failed attempts to break through the $100,000 mark over the past six weeks, the latest market moves may indicate an exciting reversal is coming. Recent changes in Bitcoin market sentiment and investor behavior patterns have revealed important signals that may open the door to a breakthrough of $100,000.

Bitcoin short-term holder sentiment shifts: price breaks through key points

Confidence among short-term holders (STH) appears to be gradually returning as the market progresses. Data shows that Bitcoin is currently trading at about 7% above short-term holders’ cost basis of $88,135, a premium that hints at increased buying interest from new investors. Compared with the previous selling wave, the selling pressure in the market has dropped significantly, which provides the possibility for Bitcoin to rise further.

However, the key is whether Bitcoin can continue to stabilize above this price. If the price falls below this threshold, it may indicate that market confidence is not yet solid, and the hesitation of short-term holders may become a signal of market reversal. On the contrary, if it remains above this price, the market bullish sentiment will further heat up, laying the foundation for breaking through $100,000.

Selling pressure eases: Realized profits fall to three-month low

Another important signal from the market is the decline in realized profits, which has fallen to the lowest level in three months. This shows that the selling pressure of Bitcoin has been significantly reduced, and more investors choose to hold the currency for appreciation rather than exit the market. This change means that the bearish sentiment has weakened and provides potential for Bitcoin to resume growth.

This shift in sentiment could boost the market’s buying momentum. As the number of sellers decreases, buying power will gradually become more dominant, supporting further gains in Bitcoin prices.

BTC may usher in a new round of bull market after breaking through $95,668

Bitcoin is currently trading near $94,422 and is about to test the key resistance level of $95,668. Breaking through this price barrier could be a key step for Bitcoin to reach $100,000. Once this resistance level is broken, Bitcoin's upward momentum may further increase and a new bull market may be in full swing.

However, if the resistance level of $95,668 is not broken, the market may see a correction, with the target support level of $93,625. If this support is broken, the price of Bitcoin may fall further to $92,005, which will turn the market sentiment to caution and delay its upward process.

Conclusion: The future of Bitcoin is about to be revealed

As short-term holders regain confidence and selling pressure eases, Bitcoin is gathering strength to break through the critical $95,668 resistance level. If this level is successfully broken, the $100,000 target will be within reach. The next few days may become one of the most critical moments in Bitcoin's history, and investors should not miss it.

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