Title: Bitcoin Nears the $100K Milestone: A Deep Dive into Technical and On-Chain Signals
đ Bitcoin Price Analysis
Bitcoin's price continues its upward momentum, consolidating around the $90K level after a remarkable 30% surge. With the market structure favoring a bullish trend, is BTC poised to break past $100,000 soon? Letâs explore the key insights from technical and on-chain analyses:
Technical Highlights
đ Daily Chart:
BTC rallied aggressively after breaking the $74K resistance.
Struggling near $92K due to overbought RSI conditions.
Long-term target: $100,000.
âł 4-Hour Chart:
A symmetrical triangle pattern is forming around $90K.
Potential breakout could push BTC further up, with $80K acting as a strong support.
On-Chain Analysis
đĄ Short-Term Holder SOPR (EMA 30):
SOPR metrics show reduced profit realization by short-term holders compared to previous peaks.
Lower selling pressure suggests a continued rally in the near term.
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đ Disclaimer:
This post is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are subject to high market risks, and past performance does not guarantee future results. Always conduct your research and consult with a financial advisor before making investment decisions.
What do you think? Is Bitcoin ready to set a new all-time high? Letâs discuss below! đ
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