Bitcoin is getting close to a critical point that could shape its near future. The $98,000 level is a key marker, and whether it holds or breaks could determine if the market rises or falls. Investors are watching closely, torn between excitement for new highs and worry about a sharp drop.Why the $98,000 level matters for bitcoin.
Bitcoin’s $BTC short-term path depends heavily on the $98,000 mark, which is both symbolic and significant. This price range is where many investors, holding over 1.25 million BTC, bought in. Their average purchase price falls between $95,248 and $98,566. This price zone acts like a support line: as long as bitcoin stays above it, selling pressure is likely to stay low. But if the price falls below this level, it could quickly drop to $96,000 or even further. On the higher side, $106,738 is another key level. If bitcoin dips below this, the chances of a bigger sell-off could grow.
Bitcoin Market Update: Key Signals to Watch
The crypto market is on edge, but bitcoin's core strength remains steady. Daily trading volume is holding strong at about $52 billion, showing consistent activity. Here are some key reasons for this stability:
Positive economic trends in the coming months
Expected changes in major interest rates
Potential return of growth-friendly monetary policies
Quiet buying by big institutions
As long as the $98,000 threshold holds, the bullish momentum remains credible. Conversely, a break would send a clear sign of weakness, paving the way for a deeper correction.
