Bitcoin’s Recovery Pauses at $96K: What Will Trigger BTC Price Breakout?
Bitcoin's rally stalled below resistance, requiring a breakout above $98,000, supported by sustained spot demand and ETF inflows, to reach $100K.Summary
Bitcoin (BTC) has paused its rally near $96,000, facing resistance within a long-term holder supply zone between $93,000 and $110,000. For a sustained move toward a six-figure price, BTC must decisively break through the immediate resistance at $98,300, which aligns with the short-term holder (STH) cost basis. Analysts suggest that holding above this level indicates new demand is absorbing overhead supply, signaling a transition into a durable uptrend. Furthermore, the bullish case is supported by improving spot market activity, with cumulative volume delta (CVD) measures showing a return to a buy-dominant regime, and significant inflows into spot Bitcoin ETFs, totaling $1.7 billion over three days. Experts believe that if this ETF demand persists, it could eventually outpace new supply creation, leading to parabolic price action.
(Source：Cointelegraph)