Cardano Transactions Rise To Multi-Year Highs \u2013 Metrics Support Bullish Outlook<\/a><\/div>\nThe coming days will be pivotal as traders watch for sustained support above $95,000. Bitcoin\u2019s ascent to $100,000 could soon materialize if the bulls defend this level effectively. Otherwise, the market might brace for a deeper retracement before regaining its upward momentum.<\/span><\/p>\nFeatured image from Dall-E, chart from TradingView<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"Bitcoin has entered a period of calm after a turbulent decline from $99,000 to $90,000 over just three days. Currently trading above $95,000, the leading cryptocurrency holds a pivotal level that will likely dictate its next move. This key zone will determine whether Bitcoin regains upward momentum or seeks lower-level liquidity to establish stronger support. Related Reading: XRP Reaches 6-Year High \u2013 Whales And STH Accumulate Together Despite the recent volatility, market participants remain optimistic, as on-chain data provides fresh insights. According to CryptoQuant, a notable uptick in stablecoin transfer volumes has coincided with Bitcoin\u2019s price action. This metric often signals increased purchasing power entering the market, a potential precursor to renewed buying interest in Bitcoin. As Bitcoin consolidates above $95,000, traders and investors closely monitor its ability to reclaim psychological resistance at $100,000. Conversely, losing support could push BTC to retest lower levels near $90,000 or even deeper liquidity zones.\u00a0 Bitcoin And Stablecoins: What They Have In Common? Bitcoin has achieved a remarkable milestone, staying less than 1% away from the coveted $100,000 mark, driven by a wave of institutional and retail buying. This historical rally reflects a growing global demand, with investors from various countries utilizing stablecoins to purchase BTC. Stablecoins have emerged as the preferred bridge, enabling seamless transactions across borders and currencies. According to CryptoQuant analyst Axel Adler, the recent surge in stablecoin transfer volumes coincided with Bitcoin\u2019s price ascent. This trend highlights stablecoins’ significant role in providing liquidity and driving market momentum. Cash inflows through stablecoins create robust support for Bitcoin\u2019s price, allowing it to maintain upward pressure even as it nears critical psychological levels. The correlation between stablecoin activity and Bitcoin price action offers valuable insights into market dynamics. Increased stablecoin transfers often signal heightened demand for Bitcoin, providing a reliable indicator of potential price movements. This interplay is particularly relevant in identifying periods of high buying pressure, as stablecoins facilitate quick and efficient market participation. Related Reading: Dogecoin Ready To Hit $1 \u2013 Price Struggles To Break Above Major Resistance As Bitcoin approaches the $100,000 milestone, the continued influx of stablecoin-driven liquidity underscores the asset\u2019s global appeal and resilience. Whether this momentum leads to a breakout above $100,000 or a period of consolidation, the role of stablecoins in fueling demand will remain pivotal in shaping Bitcoin\u2019s price trajectory. BTC Price Nears Critical Zone Bitcoin currently holds above the crucial $95,000 level, a price that will play a decisive role in its short-term trajectory. This level acts as a psychological and technical support zone that could propel BTC toward the long-anticipated $100,000 milestone this week or delay the breakthrough until next year. For Bitcoin to breach $100K, the $95,000 level must hold for several days, allowing sufficient time to fuel demand and attract fresh liquidity. Sustained buying pressure around this range will likely enable BTC to break above the key psychological barrier, continuing its historic rally. However, the bullish momentum faces risks. A failure to hold the $95,000 level would expose BTC to a retest of $92,000, another critical support. Losing both levels could trigger a significant correction, sending Bitcoin to lower demand zones around $85,000 or sub-$ sub-$80,000. This move would sharply reverse its recent rally, shaking market confidence. Related Reading: Cardano Transactions Rise To Multi-Year Highs \u2013 Metrics Support Bullish Outlook The coming days will be pivotal as traders watch for sustained support above $95,000. Bitcoin\u2019s ascent to $100,000 could soon materialize if the bulls defend this level effectively. Otherwise, the market might brace for a deeper retracement before regaining its upward momentum. Featured image from Dall-E, chart from TradingView<\/p>\n","protected":false},"author":617,"featured_media":656452,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,84297,656,679,680,87032,15150,1119,78790],"class_list":["post-656448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-ath","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-price-analysis","tag-bitcoin-stablecoins","tag-bitcoin-technical-charts","tag-btc","tag-btcusdt"],"acf":[],"yoast_head":"\n
Bitcoin Price Supported By All-Stablecoins Cash Inflow \u2013 Data Reveals Strong Correlation<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n