Bitcoin Above $97K — Breakout or Bear Bounce?
BTC has pushed past $97,000 after reclaiming key support at $94,200, but the move looks more “steady” than euphoric. On-chain data backs this up: Value Days Destroyed (VDD) remains low (~0.53), showing long-term holders aren’t selling into strength — a constructive sign for the rally’s quality.
Technically, Bitcoin is printing higher lows and holding above the 50-day MA, but heavy resistance sits between $100K–$108K (100 & 200-day MAs). Bulls need acceptance above $97K and a push toward $100K to confirm momentum; otherwise, this could still be a range-bound rebound.
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BTCUSDT
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