Bitcoin price surge signals a potential breakout as the leading cryptocurrency regains upward momentum. After weeks of consolidation, BTC is climbing again, sparking fresh optimism among investors. With key metrics flashing bullish signals, many now believe the long-awaited $100,000 milestone may be within reach.
Bullish Metrics Support Investor Confidence
One critical indicator is the MVRV (Market Value to Realized Value) ratio. It recently bounced off the 1.74 mark, a historically reliable support level. This rebound mirrors past cycles—most notably in 2024—when Bitcoin rallied after a similar setup.
If this trend repeats, BTC may be in the early stages of a new bull run.
$61.6B Accumulation Zone Creates Support
Investor demand remains strong. IOMAP data reveals that over 649,600 BTC—worth more than $61.6 billion—was bought between $95,193 and $97,437. This significant buying activity creates a robust support level.
As long as holders don’t sell early, this zone could act as a launchpad for Bitcoin’s next move higher.
Should market sentiment lean toward greed rather than profit-taking, the price may rally further. Breaking the $98,000 resistance would validate these accumulation levels, transforming them into strong support zones.
BTC Eyes Key Breakout Levels
Bitcoin is now trading at around $94,748, showing a steady three-week uptrend. While it has faced some resistance at $95,761, the momentum remains positive.
If BTC flips $95,761 into support, a run toward $98,000 and possibly $100,000 could be next. The latter represents a major psychological barrier—but one that’s increasingly within reach.
Downside Risks to Watch
However, failure to break above $95,761 could lead to a short-term pullback. A dip below $93,625 might send BTC toward $91,521, weakening the bullish setup.
In that case, close attention will be needed to reassess support and resistance levels for the next move.
