$BTC Breaking the psychological level of $100,000 will open the way for Bitcoin to new historical highs in the range of $110,000–115,000. This was stated by an expert under the nickname Crypto Caesar.

According to him, the support zone of $89,000–90,000 is favorable for active buying and should restrain deep declines. At the same time, the range of $70,000–72,000 remains technically "untouched," and in the case of a deep correction, it may serve as a key support threshold.

The market is entering the "euphoria zone"

Analyst CryptoQuant under the nickname Darkfost noted that the number of Bitcoins purchased at lower prices again exceeds 85% of the total circulation – this indicates a gradual approach to the "historical level of euphoria." In the previous correction, this indicator dropped to 75%.

Historically, a decline in the indicator below 75% has led to capitulation waves. On the other hand, crossing the mark of 90% is a zone of mass FOMO and peak expectations, which are sometimes accompanied by short-term corrections.

At the time of publication, Bitcoin is trading at $95,100 – this is 12.8% lower than the January record of $109,000.