Shagi

01/27 08:46

Bitcoin’s push toward the long-awaited $100,000 ma

#Check In Weekly, Win Prizes Weekly — Join the Fun! #CHECK: Token of Checkmate & Anichess #Claim1,200 USDT in the Monthly Creation Challenge Bitcoin’s push toward the long-awaited $100,000 mark is very much alive—but if the market wants that move to last, a short pause along the way isn’t just normal, it’s healthy. Recent price action suggests BTC isn’t breaking down; it’s cooling off. What we’re seeing looks more like a controlled retracement than the start of any major trend reversal. On-Chain Signals Point to a Healthy Reset On-chain data shows a noticeable dip in overall profitability across the network. The percentage of Bitcoin supply sitting in profit has slipped from 75.3% to 66.9%, falling below the key 69.1% level. Historically, this zone tends to act as a “reset button”—shaking out weak hands and easing sell pressure as traders become less eager to exit at lower prices. At the same time, long-term holders are sending a strong signal of confidence. As Long-Term Holder NUPL approaches the 0.60 level, seasoned investors typically stop distributing and begin accumulating again. In past cycles, this shift has often laid the groundwork for the next leg higher. Technical Outlook: A Pause Before the Push From a chart perspective, Bitcoin is trading within an ascending broadening wedge—a structure that supports volatility but still favors continuation to the upside. If BTC successfully reclaims the $90,000 psychological level, the next target comes in near $98,000. That’s where the “pit stop” likely happens. A brief consolidation or pullback toward the $95,000 zone would help establish a stronger support base before any decisive move toward $100K. This kind of pause allows momentum to reset and gives the market room to breathe. As long as Bitcoin holds above $87,210, the broader bullish thesis remains intact. With capital rotating from distribution back into accumulation, the

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