Bitcoin Surpasses $100,000: New Goals on the Horizon We kicked off the day with optimism. $BTC has successfully crossed the significant resistance at the $100K mark, reclaiming an important psychological threshold.
This breakout indicates that the market is picking up steam. Now, the focus shifts to whether BTC can maintain its position above $100,000. If it can close above this level consistently, the next target range could be between $105K and $108K. On the flip side, the previous resistance at $95K may now serve as a solid support level.
In the meantime, $ETH and other altcoins are also riding the upward wave. The ETH/BTC ratio is increasing, which bodes well for the altcoin sector. While many believe the recent rally is due to the latest #FED decision, the Pectra upgrade likely had a much more significant impact. Current market insights:
• Whale activity: Positive (+22)
• Funding rates: Neutral
• Long positions: Low
• ETF inflows: Ongoing
• Fibonacci 0.618
level: Surpassed In summary, both technical indicators and fundamental factors continue to bolster the upward trend. Here’s to a successful day for everyone!