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Watch Out Bitcoin Bulls – The $99.9K Test Could Be a Launchpad, Not a Ceiling
The crypto market is buzzing as Bitcoin edges closer to the psychologically and technically significant $99.9K level. While some analysts are raising concerns about increased sell pressure from long-term holders (LTHs), savvy investors see this moment not as a roadblock—but as a crucial validation phase in Bitcoin’s path toward six-figure territory.
Why $99.9K Matters
Glassnode data shows that LTHs, who typically hold BTC for over 155 days, tend to realize profits when their holdings reach approximately 350% in unrealized gains—right where BTC is hovering now. This could result in some profit-taking, adding short-term selling pressure.
But here’s the catch: This is not weakness—it’s healthy market behavior. Profit realization by long-term participants indicates maturity and confidence in the asset. It shows
Watch Out Bitcoin Bulls – The $99.9K Test Could Be a Launchpad, Not a Ceiling
The crypto market is buzzing as Bitcoin edges closer to the psychologically and technically significant $99.9K level. While some analysts are raising concerns about increased sell pressure from long-term holders (LTHs), savvy investors see this moment not as a roadblock—but as a crucial validation phase in Bitcoin’s path toward six-figure territory.
Why $99.9K Matters
Glassnode data shows that LTHs, who typically hold BTC for over 155 days, tend to realize profits when their holdings reach approximately 350% in unrealized gains—right where BTC is hovering now. This could result in some profit-taking, adding short-term selling pressure.
But here’s the catch: This is not weakness—it’s healthy market behavior. Profit realization by long-term participants indicates maturity and confidence in the asset. It shows
Bitcoin: an approaching Golden Cross could propel BTC to $170,000 🤑
Golden Cross. Cryptocurrency analysts love technical indicators with strong symbolic meaning. That’s why terms like death cross or golden cross are regularly used to try to predict the future of the market. And in this case, it’s the second option applied to the price of Bitcoin (BTC). A situation that could well precede a significant increase, with a new ATH (all-time high) in sight?
Key points of this article:
A "Golden Cross" is forming on the price of Bitcoin, raising expectations of a potentially extraordinary increase.
Previous formations of "Golden Cross" have often been followed by significant increases in Bitcoin prices, suggesting a promising future.
formation on Bitcoin prices…
Technical indicators are very popular tools in the trading sector, particularly for the highly volatile cryptocurrency market. Even though they certainly do not allow for guaranteed predictions of market developments, they quite often manage to anticipate a direction for the market (bearish, neutral, bullish), or at least define its current trend.
Among the most significant indicators, the formation of a golden cross is often a harbinger of a new bullish phase. Indeed, as pointed out on X by Benjamin Cowen, founder of Into The Cryptoverse, on the chart of Bitcoin's price in dollars, the simple moving average over 50 days (in red below) is crossing above the simple moving average over 200 days (in white). This would form that famous "golden cross".
A 60% increase expected for BTC, like after the golden cross of October 2024?
Golden Cross. Cryptocurrency analysts love technical indicators with strong symbolic meaning. That’s why terms like death cross or golden cross are regularly used to try to predict the future of the market. And in this case, it’s the second option applied to the price of Bitcoin (BTC). A situation that could well precede a significant increase, with a new ATH (all-time high) in sight?
Key points of this article:
A "Golden Cross" is forming on the price of Bitcoin, raising expectations of a potentially extraordinary increase.
Previous formations of "Golden Cross" have often been followed by significant increases in Bitcoin prices, suggesting a promising future.
formation on Bitcoin prices…
Technical indicators are very popular tools in the trading sector, particularly for the highly volatile cryptocurrency market. Even though they certainly do not allow for guaranteed predictions of market developments, they quite often manage to anticipate a direction for the market (bearish, neutral, bullish), or at least define its current trend.
Among the most significant indicators, the formation of a golden cross is often a harbinger of a new bullish phase. Indeed, as pointed out on X by Benjamin Cowen, founder of Into The Cryptoverse, on the chart of Bitcoin's price in dollars, the simple moving average over 50 days (in red below) is crossing above the simple moving average over 200 days (in white). This would form that famous "golden cross".
A 60% increase expected for BTC, like after the golden cross of October 2024?
$BTC
"I am telling my followers that whatever is happening repeatedly — whether it's the market being dumped or big whales manipulating it — it's all being done to drive you away from the market. Inshallah, within 1 or 2 days, we will see the market at 105,000."
"Whoever wants to buy should do it in spot. The big whale has already done all the liquidation they wanted to."
#CryptoCPIWatch #LaunchpadWars #btcgoinghigh #btc106000
"I am telling my followers that whatever is happening repeatedly — whether it's the market being dumped or big whales manipulating it — it's all being done to drive you away from the market. Inshallah, within 1 or 2 days, we will see the market at 105,000."
"Whoever wants to buy should do it in spot. The big whale has already done all the liquidation they wanted to."
#CryptoCPIWatch #LaunchpadWars #btcgoinghigh #btc106000
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