Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
- Bitcoin has increased by 1.04%over the past day.
- The King coin must hold above $ 96,000 to strengthen bull feelings.
Past week, Bitcoin (BTC) He remained stuck in the range of consolidations, because the royal coin failed to keep the momentum and regained a larger resistance.
As such, he continued to hover about $ 96,000, making it critical points for STHS, Cryptoquant analyst Shayan said.
Why is $ 96k key for bitcoin
In his analysis, Shejanski They noticed that Bitcoin -realized price for 1-3 months of Kohort was sitting at $ 96,000.
Historically, when BTC refuses to this level after increasing, it acts as a critical support, suggesting that sth are sure of their positions despite the increase in prices.
Source: Cryptoquant
Holding above this key level is crucial because it strengthens the bull’s market mood, increasing the likelihood of an extended trend upwards.
In contrast, if Bitcoin fails to retain this support on this critical threshold and break into the sequel, it could cause a shift in the feeling. As such, the market mood will switch to fear, which could lead to the distribution phase.
Therefore, the next move around this point will play a key role in shaping Bitcoin’s short to medium -day trajectory.
Can BTC hold over $ 96,000?
Since Bitcoin remained stuck about $ 96,000, the question is whether the king could be kept above him and enhance bull feelings among short -term owners.
According to Ambcrypto Analysis, although Bitcoin lacks momentum, investors are optimistic and believe that another leg is ahead.
Source: Cryptoquant
For example, the ratio of Bitcoin funds decreased three consecutive days. This implied that a smaller part of the BTC transaction included exchange.
Such a trend suggests that investors keep their property rather than sell. This market behavior is often aligned with the accumulation phase before they grow up.
Source: Cryptoquant
This accumulation also seems to be strong among whales. This is confirmed by the declining ratio of Wxchange whale, which has fallen in the last three days.
Such a decline implied that whales were still holding BTC because they had predicted further prices gains.
Source: Bitbo
Finally, Bitcoin’s Nupl still remained in the belief/denial zone. At this level, BTC was still in the bull phase, climbing toward a high cycle.
With Nupl to 58%, UP -Trend still has room for growth before reaching the top on the market.
Read Bitcoin Price Predictions (BTC) 2025–2026
Simply put, although Bitcoin struggled to hold over $ 96,000, cryptocurrencies still have room for growth. With greater gains, STHS confidence will be reinforced, further strengthening bull feelings.
Since investors are still optimistic, BTC could make a move above this level, try $ 98900 and then face a resistance of $ 100,000. However, if it fails to keep above this level, BTC could drop to $ 94,000, risking a further decline.
