A massive $7 billion investment inflow into Bitcoin in the last 24 hours has allowed it to get one step closer to the goal of reaching the psychological level of $100,000. The increasing on-chain activity and buying pressure, which indicate the potential to push the price up, show how important sustainable demand and positive market conditions are in this process. Technical analysis reveals that strong support levels and an increase in volume are important signals for BTC to surpass this critical threshold.
In recent days, the Bitcoin network has been drawing attention with a large amount of fund flow. According to on-chain data, this movement is generally seen as a precursor to price increases. In addition to increasing buying pressure, large amounts of fund inflows into the market pave the way for prices to rise.
Bitcoin’s current on-chain risk indicators suggest that the cryptocurrency still has growth potential. The risk ratio at 0.634 suggests that the price has not yet reached overvaluation territory. However, indicators such as the RHODL ratio and MVRV Z-score suggest that Bitcoin is approaching high valuation levels, highlighting the need for a cautious approach in the market.
Bitcoin is consolidating just below the critical resistance level of $100,000. This level is seen as a strong resistance point, while the 50-day exponential moving average (EMA) is located around $86,000 and plays a key role as the lower support of the market. Increasing trading volume suggests that the price is approaching a breakout point, but persistent buying pressure is needed at these levels.
Bitcoin’s ability to break through the $100,000 level will depend not only on on-chain indicators remaining positive, but also on macroeconomic conditions in global markets. Factors such as interest rates, inflation data, and geopolitical stability in particular can directly affect the movement at this critical level.
The $7 billion investment inflow in the last 24 hours once again shows the strength of the high demand for Bitcoin. However, it is critical that market conditions are supportive for this demand to be sustained. Strong and stable buying pressure will be needed to break the $100,000 level. In addition, profit taking at these levels may cause a temporary correction.
While on-chain indicators indicate that Bitcoin has growth potential, they also reveal that caution should be exercised. Bitcoin may continue its upward movement, but volatility may increase depending on market conditions. It is important for investors to be careful during this process and adopt a cautious approach against possible price fluctuations.