Cryptocurrency analysts name a key factor for bitcoin’s growth to $ 101,000

Cryptocurrency analysts note: Bitcoin BTC $95,821.22 Bitcoin -1.16% Market capitalization $1.9 trillion VOL. 24 hours $1.64 billion continues to consolidate near the $ 96,500 level, demonstrating stability despite minor fluctuations. Technical indicators and online data indicate that the asset remains in a strong position, but in the near future, the breakout of key support and resistance levels will be a determining factor.

The Market Value to Realized Value (MVRV) indicator shows that BTC is trading near the upper limit of its historical price range. If Bitcoin overcomes this level, it could signal further growth. At the same time, a short-term pullback is possible if further growth is rejected. The main support zone is now at $ 93,000.

The UTXO Realized Price Distribution (URPD) analysis shows that most BTC transactions took place in the range of $ 90,000-$ 101,000. This means that Bitcoin has strong support around $ 90,000 and is unlikely to fall below this level without significant pressure from sellers. At the same time, a strong buyer momentum is needed to break above $ 101,000.

From a technical standpoint, BTC is currently trading just below its 50-day moving average at $ 98,801. Long-term support remains at the 200-day SMA at $ 80,021. Despite localized obstacles, the overall structure remains bullish, suggesting a potential recovery attempt.

The coming days will be critical for the BTC market. A breakout above $ 101,000 will pave the way for further growth, while a loss of support at $ 90,000 could trigger a bearish correction. Investors should closely monitor market dynamics as Bitcoin is in a crucial phase.