🟡Bitcoin’s price has reached $97,500 on Binance and continues to grow steadily. After a pullback to $90,800, the leading cryptocurrency regained its footing, gearing up to break through the psychological $100,000 barrier.
🟡Expert Byzantine General notes that position liquidations and strong support have created ideal conditions for a surge. “Sales from the previous rally have nearly been absorbed, increasing the chances of a new all-time high,” the analyst added.
🟡Trader Jelle draws a parallel to October 2023, when Bitcoin broke $30,000 and began a rally that culminated at $99,800.
🟡Analyst Charles Edwards compares Bitcoin to gold, emphasizing that it needs just $2 billion in market capitalization to double its price to $200,000. Resilience to corrections and positive indicators confirm that Bitcoin is ready to reach new heights.