Bitcoin (BTC) has faced difficulty in surpassing the $98.7k mark over the past three weeks, suggesting a possible midterm correction is on the horizon. The push towards $100k may take longer than anticipated without sufficient bullish momentum.
A noticeable decline in the volume of Bitcoin's daily active addresses and whale activities presents challenges for reaching higher price targets in the near term. This drop in activity indicates caution from key market participants.
The current market sentiment appears cautious, with the potential for Bitcoin to fall towards $90k if the ongoing bearish trends continue. This outlook underscores the importance of monitoring market indicators and activity levels closely.
