Bitcoin faced challenges to exceed the level of $ 100,000 this month, showing volatility when trying to close above this critical limit.

Nevertheless, Bitcoin remains one of the best performance assets this year and will probably see growth again.

Bitcoin investors do not face losses

In recent weeks, Bitcoin has managed to stay close to his starting position, despite the overall market volatility. While altcoins, especially those in the ERC20 sector, faced significant sales pressure, Bitcoin showed resilience. This relative stability is a positive indicator, demonstrating the strength of bitcoin amid the broader market weakness.

The subperformance of altcoins highlights broader challenges within the crypto market, with late adoption and market positioning. As Bitcoin continues to consolidate his position, it is clear that the King of Crypts is overcoming many other actives, preparing the ground for potential rally when investors’ feelings improve.

Bitcoin’s macro impulse shows signs of growth despite recent market fluctuations. A key indicator is the number of non -empty wallets on the Bitcoin network, which is at the lowest point in two months. This decline reflects the removal of small traders that came out of the market, mainly due to the fear of a broader fall in the crypto market.

Historically, these declines in retail participation have been positive signs for the price of bitcoin in the medium in the long run. When small traders come out, larger investors such as whales and sharks tend to accumulate bitcoin. These entities often use their capital to boost the market, especially in times of high fear, preparing the land for future prices growth.

BTC price forecast: keeping yourself aligned

The price of Bitcoin has been maintained above its high trend line, which began two months ago, except for a brief drop last month. Nevertheless, Bitcoin did not experience any lasting decline. Given its historical performance and recent stability, it is likely to exceed $ 100,000 in the coming days.

Currently negotiated at $ 96,177, Bitcoin is staying above the critical support level of $ 95,869. With the ongoing market conditions and the support of investors, Bitcoin is about to exceed the level of $ 100,000 soon, marking a significant milestone in his upward trajectory.

However, if Bitcoin loses the support level of $ 95,869, it may fall below its high trend line and see a decline to $ 93,625 or less. Such a movement would invalidate the current optimistic thesis, signaling a possible change in market feeling and possibly delaying new gains to Bitcoin.