$100,000 Still Possible for Bitcoin? Not Miracle, But Historical Fractals Say So
Bitcoin's potential $100,000 target hinges on reclaiming key moving averages following a recent pullback, supported by whale activity.Summary
Despite Bitcoin's recent pullback below $90,000, a move toward $100,000 remains mathematically possible based on historical fractal patterns, provided key technical conditions are met. The rebound setup relies on a hidden bullish divergence on the 12-hour chart, indicating slowing selling pressure, and a subsequent reclaim of the 20-day and 50-day exponential moving averages (EMAs) on the daily chart, which has historically preceded sharp rallies.
On-chain data shows that while whales (1,000-10,000 BTC holders) and long-term holders (over 155 days) are absorbing supply, very long-term holders (over one year) are accelerating selling, which is currently capping the price rebound. For the $100,000 target to remain in play, Bitcoin must reclaim $94,390 and $96,420. A failure to hold the critical $87,830 level would invalidate this bullish technical thesis.
(Source：BeInCrypto)