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BITStar2

11/30 03:54

Supply cluster remains Bitcoin’s biggest threat B

Supply cluster remains Bitcoin’s biggest threat

Bitcoin’s [BTC] biggest threat remains the supply clustered at two key levels. Supply levels are regions where sell orders accumulate, which can stall bullish momentum.

The closest supply cluster lies between $93,000 and $96,000, while the second cluster sits between $103,000 and $108,000. Bitcoin would face major resistance if it trades into either level because of the volatility concentrated at these zones.

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Failure to break through could send Bitcoin back below the $90,000 region, which it only recently reclaimed. A decisive close below $82,000, its True Mean Market Value, could even trigger a broader bearish market phase.

However, even if Bitcoin clears these supply levels, another major hurdle remains—a key determinant for its continued bullish momentum.

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