Bitcoin price has recently been consolidating around the $100,000 mark ahead of the recent market uptick.
This price level is a psychological threshold for traders and investors alike, but market experts say that if Bitcoin can maintain its critical support at $97,000, there’s a strong chance of a new bull run.
Source: X
The Key $97,000 Support Level For Bitcoin Price
Analysts emphasize that holding this level is vital to preserving the integrity of the ongoing bull run. A break below this support could signal weakness and lead to a potential retracement.
Conversely, maintaining this level reinforces the bullish narrative, paving the way for Bitcoin to test higher levels.
On-chain data from Glassnode supports the importance of $97,000, which shows significant activity around this price point.
According to the UTXO Realized Price Distribution (URPD) chart, more than 614,000 BTC have been transacted near this level, accounting for approximately 3.1% of all Bitcoin in ci
We współpracy z: https://www.thecoinrepublic.com/2025/01/18/bitcoin-price-needs-to-do-this-to-continue-its-bull-run/
