Summary
- It is predicted that Bitcoin could rise to $105,000 if it surpasses the $98,500 resistance line.
- The co-founder of Glassnode stated that the recovery in Bitcoin's price is driven by spot buying.
- It was reported that over the past 24 hours, more than $1 billion in leverage has been removed.
There is a claim that Bitcoin (BTC) could rise to $105,000 if it surpasses the $98,500 resistance line.
On the 5th (local time), Negentropic, the co-founder of Glassnode, stated on X, "Bitcoin is currently attempting to break through the $98,500 resistance line," and predicted, "If it breaks through, it will rise to $104,000~$105,000 in the short term." He added, "Over the past 24 hours, more than $1 billion has been liquidated, removing leverage," and noted, "The recovery in Bitcoin's price is driven by spot buying."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
