Bitcoin coils below $87K – But can THIS ignite a run to $100K?

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Bitcoin at $87K – Can This Lead to a Meteoric Rise to $100K?

  • Whales are pulling a cool $250 million worth of Bitcoin off exchanges, which means big players are quietly stacking up while retail traders… well, panic-sell. You do you.
  • Exchanges are being flooded with inflows, yet Bitcoin’s price is holding steady. No, this isn’t a sign of panic selling. It’s more like a well-thought-out strategic game of musical chairs.

Bitcoin’s [BTC] latest uptick has entered a more sophisticated phase, where institutional players are leading the charge, not your average Joe with a Robinhood app.

It’s climbed from $70K with minimal fanfare, making it clear that this is not your typical hype-driven, meme-stock rollercoaster. Oh no, this is sustainable momentum, folks.

After what felt like an eternity of sluggishness, Bitcoin is now putting up a fight against crucial resistance levels.

The price is being held up by a sturdy foundation of institutional demand. It looks like this rally might actually behave differently from previous episodes, where the price would skyrocket based on pure emotional speculation.

Bitcoin Takes a Breather Under Resistance

Bitcoin has busted out of its downward spiral and is now flirting with the idea of a trend reversal. Breakup vibes!

At the time of writing, Bitcoin is trading in a tight range between $76,300 and $87,500. It’s like an accumulation zone — textbook stuff. BTC is hanging out at around $85,097, up 0.68% in the last 24 hours. Hold your horses, we’re still in the early stages.

However, the $87,500 resistance level? A psychological roadblock. If Bitcoin punches through this barrier, we could be looking at a jump toward $98K or — dare we say it — a glorious $100K.

Whale Moves: The Quiet Giants Are Stacking

Meanwhile, some giant players are making bold moves behind the scenes. Just in case you didn’t notice, one wallet linked to Abraxas Capital withdrew 2,949 BTC, worth a whopping $250 million, in just four days. The last chunk? 505 BTC, valued at $42.64 million, was scooped up from Binance.

These aren’t random, wild moves. No, no, no. This is a calculated attempt to accumulate and shrink the supply on exchanges. The whales are like quiet masterminds planning world domination. Naturally, their moves boost bullish sentiment — especially when the market seems to be taking a nap.

And, of course, BTC saw net inflows of +1.26K at the time of writing. So while the exchanges are bustling, the price is holding steady. It’s almost as if these big transfers aren’t meant for immediate selling.

What’s really going on? Could be a little bit of rebalancing or futures strategy. But don’t be fooled — it’s definitely not panic selling. The liquidity remains smooth, and the sell-side pressure is as light as a feather.

Is Bitcoin Ready to Blast Off or Stuck in the Same Old Rut?

According to the In/Out of the Money data, 77.52% of Bitcoin holders are basking in profit. Only 16.79% are currently out of the money, meaning forced selling is less likely. We’re in a safe zone — at least for now. This puts the price somewhere near a resistance zone, but we’re not there yet, folks. A few more steps to go before we hit that $86K–$106K “resistance-heavy” zone.

The NVT Golden Cross reading is -0.73, despite a solid 21.33% rise in price. It’s still far from the overbought level of 2.2. So, chill — the market isn’t overcooked just yet.

Meanwhile, the Stablecoin Supply Ratio (SSR) is up 1% to 14.41. Translation: there’s enough liquidity hanging around to support future gains. Not bad, right?

Bulls Prepare for the Next Big Charge

Bitcoin’s price structure is as sturdy as a brick wall. The whales are still buying, and the inflows are signaling a shift toward strategic planning. That $87,500 resistance? Could be the last thing standing in the way before bulls make their move to higher ground.

And if these indicators stay chill and institutional players continue stacking, we may soon see a breakout into the $90K–$100K range. So, buckle up, this ride is far from over.

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2025-04-19 17:17