Bitcoin Smashes Records—But the $100K Wall Looms Large

BTC’s bull run isn’t just alive—it’s sprinting. Yet every trader knows the hardest gains come at the top.

The Gravity of Round Numbers

Markets love psychological barriers almost as much as hedge funds love management fees. $100K isn’t just a number—it’s a magnet for profit-taking, FUD, and overleveraged longs about to get rekt.

Institutional FOMO vs. Retail Trauma

BlackRock’s ETF inflows scream confidence. Meanwhile, the crypto OGs still remember 2018’s corpse-strewn landscape. This time feels different—until it doesn’t.

The Cynic’s Take

Wall Street adopts crypto right as regulators start sharpening their knives. How convenient.

$96,031, the leading cryptocurrency, experienced a renewal in its ascent after a rough decline provoked by tariff announcements from Donald Trump. The market’s focus shifts to the just-under-$100,000 psychological level, last observed in late February. Despite sustained investor confidence, fears of a potential recession could reverse this momentum, hinging on the dynamics of the tax negotiations between Washington and Beijing. Additionally, mixed signals in on-chain indicators could heighten price volatility.

ContentsInvestor Confidence in Bitcoin and Off-Exchange Money FlowsKey Technical Levels in the Price Chart

Investor Confidence in Bitcoin and Off-Exchange Money Flows

Over the past two weeks, about $4 billion from institutional and large wallet purchases has bolstered Bitcoin’s strength. With net inflows reaching $3.2 billion into Spot Bitcoin and Ethereum$1,827 ETFs in one week, these numbers are a notable gauge of investors’ appetite for risk. BlackRock’s Bitcoin ETF alone saw nearly $1.5 billion in weekly inflows, marking a yearly peak.

Moreover, the daily net outflow of approximately $39.79 million to off-exchange wallets indicates that investors are safeguarding their BTC in private wallets, effectively easing selling pressures. This trend is a strong signal supporting the price recovery.

Bitcoin Analysis

Despite this, data from Glassnode highlights that long-term holders’ profit ratios have approached 350%, suggesting a trigger for profit-taking if the $100,000 threshold is surpassed. Approximately $25 million was liquidated in the past 24 hours, with $14.12 million of that in short positions. This portrays that while the buying side retains control, a formidable resistance zone looms ahead.

Key Technical Levels in the Price Chart

Currently, Bitcoin’s price has managed to hold above the 20-day exponential moving average of $96,892. The Relative Strength Index (RSI) remains in the positive zone, indicating the continuation of the upward momentum. A clear breach of the $99,500 resistance could propel Bitcoin to the $100,000 mark swiftly, with a stronger surge potentially eyeing $103,000. However, bears have established barriers NEAR $98,000, attempting to pull back the price with each advance.

Bitcoin Technical Analysis

In scenarios dominated by sellers, the first refuge for the price will revert to the 20-day average. Failure to maintain this level could shift focus to the 50-day average at $92,800. Breaking below this range might weaken bullish expectations, leading investors to adopt a cautious stance.

In conclusion, Bitcoin retains its upward drive despite macroeconomic uncertainties, though impending profit-taking may complicate surpassing the $100,000 threshold.

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