BTC is stuck between $66Kโ$70K.
Still can't break the 200-day EMA.The question isn't if BTC hits $100K.
It's when โ and what needs to happen first. ๐
The Bull Case
ETF inflows still positive at $568M this week Long-term holders keep accumulating Institutional confidence growing ๐ Supply is tightening.
Demand hasn't left.
The Bear Case
ETF inflows slowing ($787M โ $568M) Oil at $108/bbl fueling inflation fears
200-day EMA still unbroken ๐ Bulls need to step up โ or this consolidation drags on.
For $100K to happen, 2 things must occur
1๏ธโฃ ETF inflows need to reaccelerate
2๏ธโฃ BTC must close decisively above $70K
Neither has happened yet. Both are still possible.
Don't chase hype. Don't panic sell.
Watch the data. Understand the risk. Then decide.
โ ๏ธ This is information only โ not financial advice.