The primary cryptocurrency has climbed roughly 15% over the past week and briefly reached an eight-month high above $87,000. As of this writing, it trades just below $86,000, but overall bullish sentiment remains.<\/p>\n
Popular analyst Ali Martinez set $100,000 as the next target, and here\u2019s why it might come sooner than you think.<\/p>\n
The renowned X user started<\/a> his bullish observation by noting that BTC has risen more than 50% since bottoming below $58,000 in July. He claimed that even after this evident resurgence, large investors seem reluctant to take profits.<\/p>\n \u201cYesterday alone, the BTC network recorded more than 2,722 transactions, each worth over $1 million, showing that large entities remain active during the rally,\u201d he said.<\/p>\n Martinez then turned to the ETF front, highlighting that spot Bitcoin exchange-traded funds have accumulated more than $1.6 billion worth of the cryptocurrency over the past 72 hours, adding significant buying pressure.<\/p>\n The analyst claimed that BTC continues trading above strong support at $84,569, where nearly 600,000 coins previously changed hands. The second major demand zone sits near $77,000, he added.<\/p>\n \u201cWith strong support below, overhead resistance is thinning out. The next major URPD resistance sits near $104,765, where roughly 283,000 BTC were traded,\u201d Martinez revealed.<\/p>\n Last but not least, he paid attention to the MVRV Pricing Bands, which tell a similar story. Martinez said the mean band near $100,670 is the next key resistance for BTC, while the -0.5 band around $74,361 acts as a major support.<\/p>\n \u201cAs long as demand remains strong, $100,000 is in focus,\u201d he concluded.<\/p>\n Bitcoin\u2019s $10,000 price increase in less than a week has undoubtedly sparked huge enthusiasm across the crypto world and has led<\/a> to the highest FOMO (Fear of Missing Out) since 2024.<\/p>\n This phenomenon happens when traders rush to buy the asset after a strong rally, fearing they will miss the chance to make substantial profits. It is worth noting that such crowded positioning often leaves the market vulnerable, and even a small wave of profit-taking can trigger a pullback, sending prices significantly lower.<\/p>\n X user Gerla recently advised<\/a> traders and investors not to FOMO at current levels, expecting BTC to potentially correct to roughly $80,000 or higher, which could offer another buying opportunity.<\/p>\n \u201cIf we get that chance, I\u2019d rather DCA there than chase $95K-$100K,\u201d he concluded.<\/p>\n The post Bitcoin (BTC) Eyes $100K as Key Bullish Signals Emerge<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The primary cryptocurrency has climbed roughly 15% over the past week and briefly reached an eight-month high above $87,000. As of this writing, it trades just below $86,000, but overall bullish sentiment remains. Popular analyst Ali Martinez set $100,000 as the next target, and here\u2019s why it might come sooner than you think. The Positive […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-231443","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/231443"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=231443"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/231443\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=231443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=231443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=231443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Don\u2019t FOMO Here?<\/h2>\n