\n
<\/p>\n
The primary cryptocurrency has climbed roughly 15% over the past week and briefly reached an eight-month high above $87,000. As of this writing, it trades just below $86,000, but overall bullish sentiment remains.<\/p>\n
Popular analyst Ali Martinez set $100,000 as the next target, and here’s why it might come sooner than you think.<\/p>\n
The renowned X user started<\/a> his bullish observation by noting that BTC has risen more than 50% since bottoming below $58,000 in July. He claimed that even after this evident resurgence, large investors seem reluctant to take profits.<\/p>\n “Yesterday alone, the BTC network recorded more than 2,722 transactions, each worth over $1 million, showing that large entities remain active during the rally,” he said.<\/p>\n<\/blockquote>\n Martinez then turned to the ETF front, highlighting that spot Bitcoin exchange-traded funds have accumulated more than $1.6 billion worth of the cryptocurrency over the past 72 hours, adding significant buying pressure.<\/p>\n The analyst claimed that BTC continues trading above strong support at $84,569, where nearly 600,000 coins previously changed hands. The second major demand zone sits near $77,000, he added.<\/p>\n “With strong support below, overhead resistance is thinning out. The next major URPD resistance sits near $104,765, where roughly 283,000 BTC were traded,” Martinez revealed.<\/p>\n<\/blockquote>\n Last but not least, he paid attention to the MVRV Pricing Bands, which tell a similar story. Martinez said the mean band near $100,670 is the next key resistance for BTC, while the -0.5 band around $74,361 acts as a major support.<\/p>\n “As long as demand remains strong, $100,000 is in focus,” he concluded.<\/p>\n<\/blockquote>\n Bitcoin’s $10,000 price increase in less than a week has undoubtedly sparked huge enthusiasm across the crypto world and has led<\/a> to the highest FOMO (Fear of Missing Out) since 2024.<\/p>\n This phenomenon happens when traders rush to buy the asset after a strong rally, fearing they will miss the chance to make substantial profits. It is worth noting that such crowded positioning often leaves the market vulnerable, and even a small wave of profit-taking can trigger a pullback, sending prices significantly lower.<\/p>\n X user Gerla recently advised<\/a> traders and investors not to FOMO at current levels, expecting BTC to potentially correct to roughly $80,000 or higher, which could offer another buying opportunity.<\/p>\n “If we get that chance, I’d rather DCA there than chase $95K-$100K,” he concluded.<\/p>\n<\/blockquote>\n The post Bitcoin (BTC) Eyes $100K as Key Bullish Signals Emerge<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n\n
\n
\n
Don’t FOMO Here?<\/h2>\n
\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The primary cryptocurrency has climbed roughly 15% over the past week and briefly reached an eight-month high above…\n","protected":false},"author":2,"featured_media":47383,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-47382","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/47382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47382"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/47382\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/47383"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}