Can it reach 100,000 USD? Paving the way for Altcoin?

Bitcoin has successfully surpassed a significant resistance zone, with increasing momentum across all timeframes and support from on-chain activities. After mainly consolidating in April, Bitcoin broke through the 92,000 USD barrier, after first reclaiming the 200-day moving average around 89,000 USD.

This level now serves as a solid support around 88,000 USD. The next important resistance is at 100,000 USD, but with bullish momentum, it is likely that it will continue to rise to this level in the coming weeks. On the 4-hour chart, a strong continuation pattern has been clear as the price has surpassed the 92,000 USD resistance with high trading volume.

Net unrealized profit/loss (NUPL) has recovered strongly, indicating that holders are still realizing significant unrealized profits without a shift towards exuberance, suggesting that there is still room for further growth.