$BTC

$BTC analysis

Bitcoin ($BTC ) has seen a surge in demand as it approaches the $100,000 psychological milestone. Institutional interest continues to grow, with over 123,000 withdrawn from centralized exchanges in the last month, signaling strong accumulation. The current market cap stands at approximately $1.94 trillion, reflecting sustained investor confidence.

Despite this optimism, has encountered significant resistance between $98,700 and $99,600, leading to consolidation. Analysts predict potential retracement to support levels around $96,635, while a breakout could push prices beyond $100,000, targeting $106,000 in the short term. Indicators such as RSI suggest cooling bullish momentum, but the overall outlook remains positive.

Bitcoin dominance has also risen to 50%, showcasing its status as a "safe haven" within crypto markets. However, this has limited capital flow into altcoins, delaying an anticipated altcoin season. As the holiday season approaches, market activity and institutional positioning could play a pivotal role in shaping #BTC 's trajectory.

Investors are advised to monitor key support and resistance levels alongside macroeconomic trends as Bitcoin navigates this critical phase.