Bitcoin Reclaims $95K! 🚀 Is the Path to $100K Finally Open?
The market is showing major signs of life today. After a period of consolidation around the $90,000–$92,000 range, Bitcoin ($BTC) has surged to approximately $95,266, driven by softer-than-expected US inflation data and shifting geopolitical safe-haven demand.
📊 Market Breakdown:
$BTC: Up ~4.4% in 24 hours. Holding above $95,000 is the key. If we stay here, $96,000 becomes the launchpad for a run toward the psychological $100,000 mark.
$ETH: Outperforming today, up over 7% to trade above $3,300. Network activity is surging, and ETH/BTC is finally showing some strength.
Altcoins: It’s a green sea! $SOL, $BNB, and $ADA are all up over 9% as capital rotates back into risk assets.
🔍 Technical & Macro Outlook:
CPI Impact: Stable US inflation (~2.7% YoY) has eased fears of aggressive Fed hikes, providing the liquidity needed for this pump.
Liquidity: Nearly $600M in short positions were liquidated in the last 24 hours. This "short squeeze" helped fuel the vertical move.
Support Level: Watch the $92,000 zone. As long as we stay above it, the bullish structure remains intact.$ETH
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