Bitcoin’s Battle Below $100K Hints at New ATH
2025-02-07
Category: None

Bitcoin (BTC) is struggling to hold above $100K, but on-chain metrics suggest that a new all-time high (ATH) could be imminent. After last weekend’s drop to $91K, BTC is now trading at $97,943, down 0.24% in the last 24 hours.

Key On-Chain Trends Signaling a Breakout:
📉 Bitcoin Exchange Reserves Are Declining – BTC is flowing out of exchanges, reducing available supply and limiting sell pressure.
🐋 Whale Accumulation Spikes – Since Feb 3, large transaction volume jumped from $40.8B to $67.3B, showing renewed interest from big investors.
📊 Netflow Hits Yearly Low – BTC outflows exceed inflows, meaning more coins are being moved to private wallets, reducing selling pressure.
💰 ETF Inflows Surge – $2.5B poured into Bitcoin ETFs over the past two weeks, further driving demand.

Will Bitcoin Finally Break $100K?
🔼 If BTC breaks past $100K, buyers could push the price to $105K–$109K.
🔽 If BTC stays below EMA20, sellers may target $95K before the next rebound.

With RSI at 39, Bitcoin is vaguely positioned for a potential price increase. The next few days will be critical—will BTC smash through $100K, or will bears hold the line? 