#Bitcoin is on the verge of crossing the $100,000 milestone, supported by strong institutional interest and market adoption. Currently trading at $96,572, it’s just steps away from rewriting its all-time high record.


📊 Market Insights

*/ LTH Selling Pressure: A negative HODLer net position change signals some long-term holders are selling, raising concerns about potential short-term volatility.

*/ Positive NVT Indicator: The NVT Golden Cross remains in a neutral zone, suggesting the broader bullish trend is intact and leaves room for further growth.


📈 Next Targets

If $BTC breaks 100K$, the next stop could be $120K, with significant interest from retail and institutional investors. However, watch for potential pullbacks due to profit-taking by LTHs.


⚡ Short-Term Volatility, Long-Term Strength

Despite fluctuations, Bitcoin’s path to 100K$+ looks solid, driven by key support levels and a strong market outlook.

#BTC Price Analysis#

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November 30, 2024 at 11:43 PM
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