🚨The $BTC is approaching $100,000, but a key factor could hinder the recovery🚨
Bitcoin remains stuck below $90,400. The market is awaiting the FOMC decision, which may announce a 25 basis point rate cut. This move could reignite interest in risky assets… on one condition.
Short-term holders (STH) are strengthening their presence: their share of the supply rises to 18.5%, a high level that signals more speculation and more volatility. Historically, these holders sell quickly as soon as they are in profit, which can interrupt the beginnings of a rally.
On their part, 67.3% of BTC units are in profit, a level still very low compared to bull market phases where it exceeds 98%. The market thus remains cautious, in a discreet accumulation mode.
The technical levels to watch are clear:
• $90,400 as the first reversal signal,
• $95,000 as the decisive threshold to confirm a jump to $100,000,
• and $86,822 as a retreat scenario in case of rejection.
In summary, the potential towards $100,000 genuinely exists. But it will all depend on the behavior of short-term holders: if they sell aggressively, the recovery could falter. If they allow the market to breathe, the next bullish chapter can begin.
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