Bitcoin price rising to $100,000 met with unexpected market reaction

The price of Bitcoin has been rising continuously over the past week, crossing the $100,000 mark and settling at $101,714. This 9% weekly growth reflects the crypto king’s resilience after weeks of consolidation.

However, concerns remain as short-term holders begin to see significant gains, raising fears of a potential market reaction.

Bitcoin investors are giving no hint

Although Bitcoin crossing At the $100,000 mark, investor sentiment appears muted. Historically, the price of Bitcoin has often moved against the expectations of the retail public. The current lack of euphoric buying or desperation-driven selling suggests a cautious approach.

This calm sentiment contrasts sharply with previous reactions when Bitcoin crossed key price thresholds. Social media timelines filled with extreme optimism or pessimism have previously indicated strong market movements. In the absence of such extremes, the prevailing uncertainty suggests a cautious outlook among sophisticated investors and retail traders.

Bitcoin in the short term Carrier ratio (STH) MVRV indicates a critical moment. Currently, the average short-term gain for bondholders is 10%, raising concerns about profit-taking activity. Historically, these investors have been quick to sell when there are signs of gains, which can send the market down.

The current levels of the ratio indicate that a sell-off may be imminent as the profitability of these holders increases. However, the broader market remains resilient, with long-term investors continuing to hold out, alleviating fears of a sharp decline. However, the potential for profit remains a risk factor.

BTC Price Prediction: Key Support Recovered

Bitcoin price It now stands at $101,714, marking a significant rebound above the $100,000 threshold. This momentum makes BTC target $105,000 if support is secured at $100,000. Positive market signals and investor optimism could fuel this rally, fueling Bitcoin’s upside.

However, maintaining the $100,000 level as a support floor is crucial. Failure to do so could trigger a correction, pushing Bitcoin lower to $95,668. This would invalidate the bullish outlook and erase much of the recent gains, dampening investor enthusiasm.

if Bitcoin successfully If the $100,000 price flips to the support level, the market could see renewed upward momentum, pushing prices towards new highs. However, vigilance is key because short-term shareholders may act as a disruptive force.