Bitcoin Maintains Impressive Momentum, Aiming for the $100,000 Milestone

After rebounding strongly from the $83,000 bottom, Bitcoin is maintaining impressive momentum and setting its sights on historic new milestones, fueled by strong market optimism and sustained buying pressure.

Bitcoin Maintains Impressive Momentum

Over the past week, Bitcoin (BTC) has demonstrated stable growth, rebounding from a local bottom at $83,000 and reaching a peak of $95,000. As of now, Bitcoin is trading around $94,061, marking an 11.75% increase over the week — a clear sign that the upward trend is dominating the cryptocurrency market.

Observing the MACD indicator, Bitcoin’s growth momentum appears exceptionally strong: in a short span, the MACD surged from 137 to 2814 — the highest level recorded since the beginning of 2025. This sharp increase reflects overwhelming buying pressure, with price fluctuations largely moving in a positive direction.
Typically, a high MACD reading reinforces the strength of the prevailing trend. Given the current robust demand, this signals Bitcoin’s potential to continue its upward trajectory in the near future.

The market is also witnessing strong buying interest, laying a solid foundation for further price appreciation on the Bitcoin chart.

Bitcoin Price Chart
Bitcoin Price Chart

What Does the Bitcoin Chart Reveal?

Bitcoin is maintaining significant upward momentum, supported by favorable market conditions. Overall investor sentiment remains optimistic, with many choosing to hold their strategic positions rather than taking short-term profits.

Several positive indicators are reinforcing Bitcoin’s rally, including:

Fund Market Premium has turned positive at 0.2%, suggesting an increasing fear of missing out (FOMO), particularly among institutional investors. This indicates that demand for Bitcoin is expanding into traditional finance sectors.

Bitcoin’s Exchange Netflow has dropped sharply to just $0.078, reflecting a growing trend of accumulation. Investors are prioritizing cold storage and private wallets, demonstrating strong long-term confidence in Bitcoin’s potential.

Bitcoin Fund Market Premium All Symbol
Bitcoin Fund Market Premium All Symbol

With sustainable demand and strong participation at key price zones, Bitcoin is well-positioned to set new record highs in the near future.

The immediate target for BTC is the $96,000 mark — a critical price level, as it represents the primary entry point for investors who have been holding Bitcoin for the past three to six months. Should Bitcoin successfully conquer and establish $96,000 as a support level, the market would open the door for a new leg up, aiming for the psychological milestone of $100,000.

However, investors should also be cautious: profit-taking from short-term holders (holding for one to three months) may lead to minor price corrections, with BTC possibly fluctuating within the $88,000–$94,000 range.

Thus, reclaiming and firmly establishing the $96,000 support will be crucial in determining Bitcoin’s ability to sustain and expand its bullish momentum in the near future.

(1 vote)

1.0/5

(1 vote)

Latest

How To Participate In The Nansen Airdrop

Airdrops | Editor Choice

How to Participate in the Nansen Airdrop

Join the airdrop hunt for Nansen, an on-chain project that has successfully raised over $88 million and is currently allowing users to earn points.

Iran Israel Conflict Escalates, Significantly Impacting The Crypto Market

Policy & Regulations | Editor Choice

Iran-Israel Conflict Escalates, Significantly Impacting the Crypto Market

The tensions in the Middle East between Israel and Iran are extremely high, impacting not only finances but also causing significant damage to the cryptocurrency market.

How To Participate In The Prismax Airdrop

Airdrops | Editor Choice

How to Participate in the PrismaX Airdrop

Join the airdrop hunt for the PrismaX project, which has successfully raised $11 million and is currently allowing users to earn points daily.

X Payment And Investment App Set To Launch By The End Of This Year

Policy & Regulations | Editor Choice

X’s Payment and Investment App Set to Launch by the End of This Year

According to confirmation from the CEO of X, the payment and investment services on the X social media platform are expected to launch by the end of this year, 2025.

Elon Musk’s Xai Faces Lawsuit Over Air Pollution

News | AI | Editor Choice

Elon Musk’s xAI Faces Lawsuit Over Air Pollution

Elon Musk’s AI company xAI is facing a lawsuit threat over its use of gas turbines at a Memphis data center, raising concerns about environmental racism and violations of the Clean Air Act.