Bitcoin News
By Evie Vavasseur
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Bitcoin is once again capturing the spotlight as its price inches closer to a critical resistance level, igniting renewed hopes of a push toward the long-anticipated $100,000…
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What’s fueling this momentum? One of the clearest indicators comes from Bitcoin’s futures market.
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Beyond trading activity, there are strong signs of investor confidence in how Bitcoin is being handled on exchanges.
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On-chain data further reinforces the bullish sentiment. Daily active addresses on the Bitcoin network have jumped to 924,550—one of the highest figures recorded this year.
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Profitability among Bitcoin holders is also increasing, but not to levels that typically fuel widespread profit-taking.
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From a technical standpoint, the $96,500 level remains a crucial area to watch. It aligns with the 0.236 Fibonacci retracement zone and serves as a key resistance point.
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In summary, Bitcoin’s recent price action appears to be well-supported by solid fundamentals.
The Currency Analytics
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