Bitcoin (BTC) is once again approaching the psychological $100,000 mark, and this time, strong technical support on higher timeframes could make the difference. Crypto analyst Michaël van de Poppe noted that BTC is holding key levels between $92,000 and $94,000, indicating a bullish continuation that may trigger a breakout “within days, not weeks.”

Recent trading data supports this outlook. Volume on major exchanges like Binance spiked, with BTC/USDT pair activity up 18%, while the number of addresses holding 1+ BTC rose 12%, showing growing accumulation. On-chain and exchange metrics suggest a wave of institutional and retail buying pressure is building.

From a trading perspective, breakout levels above $96,000 may offer an opportunity for short-term gains, while long-term traders may target $99,000–$100,000. RSI remains below overbought territory (68), and MACD has flipped bullish on the 4-hour chart — signals that momentum may still be building.

Meanwhile, the correlation with tech stocks like MicroStrategy and the Nasdaq reinforces that risk appetite is returning across markets, often a catalyst for BTC rallies.

While the bullish setup looks promising, it’s important to stay alert to reversals — especially if equities falter.

This article is for informational purposes only and should not be considered investment advice. Always do your own research before making financial decisions.