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Bitcoin is showing strong signs of a potential breakout as key on-chain metrics, including Apparent Demand, rebound into positive territory. The resurgence aligns with growing ETF inflows and long-term holder accumulation, fueling optimism for a rally toward $100,000. Analysts highlight critical support levels Bitcoin must hold to sustain upward momentum.
- Bitcoin’s Apparent Demand has turned positive for the first time since February, indicating renewed buying pressure and potential for a rally.
- US spot Bitcoin ETFs have recorded five consecutive days of net inflows, totaling $2.5 billion, with cumulative inflows now at $38.05 billion.
- Analysts warn that Bitcoin must hold support at $91,500 and secure a weekly close above $93,500 to confirm a path toward $100,000.
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