The Bitcoin price remains within the $92,000 to $102,000 range, raising questions about its future direction. Despite uncertainty about achieving new all-time highs, strong bearish pressure would be needed to significantly lower its price.
An analyst named ShayanBTC highlights the importance of the $96,000 mark based on UTXO age bands. This measure indicates support levels for short-term investors, suggesting that staying above this price reinforces a bullish outlook.
A fall below $96,000 could shift investor sentiment from confidence to caution, potentially affecting Bitcoin's upward momentum.
Fonte: www.newsbtc.com ↗