Bitcoin’s Battle Below $100K Hints at New ATH
Bitcoin (BTC) is struggling to hold above 100K, but on-chain metrics suggest that a new all-time high (ATH) could be imminent. After last weekend’s drop to 91K, BTC is now trading at $97,943, down 0.24% in the last 24 hours.
Key On-Chain Trends Signaling a Breakout:
📉 Bitcoin Exchange Reserves Are Declining – BTC is flowing out of exchanges, reducing available supply and limiting sell pressure.
🐋 Whale Accumulation Spikes – Since Feb 3, large transaction volume jumped from 40.8B to 67.3B, showing renewed interest from big investors.
📊 Netflow Hits Yearly Low – BTC outflows exceed inflows, meaning more coins are being moved to private wallets, reducing selling pressure.
💰 ETF Inflows Surge – 2.5B poured into Bitcoin ETFs over the past two weeks, further driving demand.
Will Bitcoin Finally Break 100K?
🔼 If BTC breaks past 100K, buyers could push the price to 105K–109K.
🔽 If BTC stays below EMA20, sellers may target 95K before the next rebound.
With RSI at 39, Bitcoin is vaguely positioned for a potential price increase. The next few days will be critical—will BTC smash through 100K, or will bears hold the line?
Key On-Chain Trends Signaling a Breakout:
📉 Bitcoin Exchange Reserves Are Declining – BTC is flowing out of exchanges, reducing available supply and limiting sell pressure.
🐋 Whale Accumulation Spikes – Since Feb 3, large transaction volume jumped from 40.8B to 67.3B, showing renewed interest from big investors.
📊 Netflow Hits Yearly Low – BTC outflows exceed inflows, meaning more coins are being moved to private wallets, reducing selling pressure.
💰 ETF Inflows Surge – 2.5B poured into Bitcoin ETFs over the past two weeks, further driving demand.
Will Bitcoin Finally Break 100K?
🔼 If BTC breaks past 100K, buyers could push the price to 105K–109K.
🔽 If BTC stays below EMA20, sellers may target 95K before the next rebound.
With RSI at 39, Bitcoin is vaguely positioned for a potential price increase. The next few days will be critical—will BTC smash through 100K, or will bears hold the line?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.