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Bitcoin Price Analysis: Key Obstacle Standing in BTC’s Way to $100K

Bitcoin sellers continue to struggle to break below the key 100-day moving average at $96K, a historically significant support level where buyers have often stepped in. This zone remains a crucial battleground, as a successful defense by buyers could trigger renewed demand, driving the asset toward the pivotal $103K resistance.

However, bearish risks persist, as a decisive breakdown below this support could spark liquidations in the futures market, intensifying selling pressure. Until a clear breakout occurs, traders should brace for heightened volatility and sharp price swings within this range.

Bitcoin Price Analysis: Key Obstacle Standing in BTC’s Way to $100K

Bitcoin sellers continue to struggle to break below the key 100-day moving average at $96K, a historically significant support level where buyers have often stepped in. This zone remains a crucial battleground, as a successful defense by buyers could trigger renewed demand, driving the asset toward the pivotal $103K resistance.

However, bearish risks persist, as a decisive breakdown below this support could spark liquidations in the futures market, intensifying selling pressure. Until a clear breakout occurs, traders should brace for heightened volatility and sharp price swings within this range.

https://cryptopotato.com/bitcoin-price-analysis-key-obstacle-standing-in-btcs-way-to-100k/