Overview
- Bitcoin pushed back into the $96,000–$97,000 zone with an intraday high near $97,898 and is holding above $95,000 after a brief pullback.
- On-chain Value Days Destroyed sits near 0.53, indicating older coins remain largely unmoved and suggesting limited long-term holder selling for now.
- CryptoQuant’s Bull Score is around 20, a level seen only about seven times in six years, reflecting unusually pessimistic sentiment typical of late-stage corrections.
- Key hurdles cluster near the 100‑ and 200‑day moving averages around $100,000–$108,000, with a reclaim of the 50‑week moving average viewed as confirmation of renewed strength.
- Momentum improved without a major volume expansion, short‑term holders booked profits into the $97,000 push, and supports sit near $95,000, $94,000, then $91,500.