According to Simon Peters, eToro analyst, bitcoin surpassed $98,000 after several days of consolidation and would look again towards the key level of $100,000. The market shows institutional accumulation and a neutral sentiment.
The eToro analyst, Simon Peters, noted that bitcoin broke its consolidation and surpassed $98,000, pointing again to the $100,000 level with institutional support. He shared his analysis with Cointelegraph in Spanish through a statement.
The analyst indicated that bitcoin broke its consolidation range around $95,000 and reached $98,000 last Friday, its highest level since mid-February. Although the price slightly retraced afterward, it marked a new higher high that could anticipate a bullish move towards $100,000, he added.
