Bitcoin’s $100K comeback hinges on $98K breakout and spot demand
A pickup in Bitcoin spot demand and persistent spot ETF inflows could push BTC above the next significant hurdle at $98,000 and secure a sustained recovery.
Bitcoin (BTC) rallied 10% from its yearly open near $87,500 before stalling below resistance, but analysts say the price remains positioned for higher targets if key supply levels are reclaimed and spot demand continues to build.
Key takeaways:
Bitcoin must take out resistance at $98,000 to trigger a rally to a six-figure BTC price.