BTCBreaks99K # Meta AI: Bitcoin has indeed broken the $99,000 mark, with its current price hovering around $98,005, showing a 0.56% increase in the last 24 hours. The market sentiment is positive, with many expecting Bitcoin to reach new all-time highs, potentially surpassing $100,000.
*Key Price Levels to Watch:*
- *Resistance Levels:* $98,500 - $100,000 and $105,000
- *Support Levels:* $95,000 (critical level), $90,000, and $85,000
*Market Predictions:*
- *Bullish Scenario:* Bitcoin could continue its upward momentum, reaching $105,000 or $110,000 if it breaks above $100,000.
- *Bearish Scenario:* A correction could lead to support levels around $90,000 or $85,000, providing buying opportunities.
*Expert Insights:*
Recent on-chain data shows a consistent increase in investor activity, suggesting future price movement. The Realized Cap of Bitcoin has peaked, indicating rising capital input into the asset. This pattern of capital
[08/05, 10:36] Meta AI: Bitcoin has indeed broken the $99,000 mark, with its current price hovering around $98,005, showing a 0.56% increase in the last 24 hours. The market sentiment is positive, with many expecting Bitcoin to reach new all-time highs, potentially surpassing $100,000.
*Key Price Levels to Watch:*
- *Resistance Levels:* $98,500 - $100,000 and $105,000
- *Support Levels:* $95,000 (critical level), $90,000, and $85,000
*Market Predictions:*
- *Bullish Scenario:* Bitcoin could continue its upward momentum, reaching $105,000 or $110,000 if it breaks above $100,000.
- *Bearish Scenario:* A correction could lead to support levels around $90,000 or $85,000, providing buying opportunities.
*Expert Insights:*
Recent on-chain data shows a consistent increase in investor activity, suggesting future price movement. The Realized Cap of Bitcoin has peaked, indicating rising capital input into the asset. This pattern of capital inflow might prepare the foundation for a more robust bullish phase.¹
