📈 Bitcoin (BTC) Market Snapshot
• BTC is trading around ~$96.3K on Binance with intraday highs near ~$97.7K and lows around ~$94.6K.
• Recent 24h action shows BTC pushing above $97,000, signaling renewed bullish momentum amid strong demand.
💡 Key Drivers Today
🚀 Bullish Price Action: BTC has climbed above major resistance near ~$95K, buoyed by renewed market optimism and whale accumulation. On-chain data shows large holders increasing their Bitcoin positions, a typical setup ahead of strong uptrends.
📊 Market Sentiment: Funding rates and trader sentiment point to bullish bias, with short liquidations adding upward pressure.
⚖️ Macro & Regulatory Catalyst: Optimism around clearer U.S. crypto regulation (e.g., the Digital Asset Market Clarity Act) is contributing to risk-on flows.
📌 What Traders Are Watching Now
• Key Levels: Break and hold >$97K could set up an attack on $100K+ resistance.
• Whale Behavior: Continued accumulation by large BTC holders suggests confidence at current levels.
• Sentiment Balance: Retail remains cautious — bullish trend still needs broader participation for sustained breakout.
🔍 Quick Insight
Despite recent gains, BTC is still down from its October peak, and analysts point to both upside potential and range-bound caution depending on macro and regulatory developments.
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