đBitcoin Nears $100K: Breaking the Barrier Is Just a Matter of Time đ
Bitcoin ($BTC ) is edging closer to the long-anticipated $100,000 milestone, but repeated rejections at this level have kept traders on edge.
đ Key Market Dynamics
1ïžâŁ Massive Sell Walls at $100K
đč Market participants have built $300M in sell orders at $100K and $103K, as revealed by Bitcoinâs daily order book on Coinbase.
đč Analyst Skew noted that while limit bids are moving up, thereâs still substantial spot supply near $100K.
2ïžâŁ Dip-Buying Opportunities
đč With spot Bitcoin ETFs inactive over the weekend, analysts like Material Indicators suggest we may see dip-buying moments as sell walls thin.
3ïžâŁ Leverage Liquidations Loom
đč CoinGlass liquidation maps show a critical pressure zone at $99,500, with a bulk of highly leveraged short positions at risk of liquidation.
đč A strong push from perpetual futures or spot markets could easily clear these levels.
đŹ Your Thoughts?
đ Will Bitcoin smash through $100K, or will sell walls hold strong?
đ Let us know your price predictions below!
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Bitcoin 100k today?