Bitcoin enters ‘strength’ phase, but $100K debate heats up between traders
Bitcoin’s structure has turned bullish, yet traders are split on whether $100,000 could mark a bull expansion or bear continuation.
Bitcoin (BTC) is attempting to transition into a phase of “strength” after weeks of range-trading between $90,000 and $86,000. While the technical structure has improved, BTC traders debate whether the move has momentum or risks of becoming a bull trap.
Key takeaways:
A Bitcoin indicator flipped firmly bullish as BTC reclaimed a position above $90,000.