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This summary text is fully AI-generated and may therefore contain errors or be incomplete.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Bitcoin’s price is staging a strong comeback, with the $100,000 level back in focus. On-chain data reveals key resistance zones that could determine BTC’s next major move. Analysts suggest a breakout could signal a powerful rally ahead.
- Bitcoin faces a critical resistance zone between $93,000-$100,000 where many investors may sell to break even
- Supply heatmap analysis shows significantly fewer coins held above $100,000, suggesting less resistance if BTC breaks through
- Analyst Checkmate describes the post-$100k scenario as 'blue skies' with potential for strong upward movement
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