Bitcoin (BTC) is on the way to 100 thousand dollars! Glassnode announced the critical price levels that will determine Bitcoin’s fate!

Leading crypto currency Bitcoin (BTC)with the momentum of rise in recent days, it was up to $ 97 thousand.

However, BTC, which could not maintain this rise, fell to the levels of 94 thousand dollars and faced a resistance at $ 98 thousand.

Evaluating the latest situation in Bitcoin Glass node, He said that Bitcoin is on the path of $ 100,000, but the protection of $ 95 thousand support and the resistance of 98 thousand dollars should be overcome successfully.

Bitcoin (BTC) at an important decision point!

Glassnode said Bitcoin’s not exceeding $ 98,000 resistance and profit purchase limits the upward momentum.

At this point, Glassnode analysts for a potential rise for $ 100,000 BitcoinHe said he should protect $ 95,000 support and close over $ 98,000 in a daily graph.

According to Glassnode data, 86 %of Bitcoin supply is in the snow, indicating that analysts, these high rates often pointed to the rise period, he said.

However, it also shows potential risks. Because when the supply in profit exceeds 80-90 %, historical data show increasing profit, especially by short-term investors, which can lead to corrections.

Analysts emphasized that Bitcoin is at an important decision point and that closing and price movements of over $ 98,000 were necessary for the continuation of the rise.

In contrast, analysts also reminded that the lack of protection of $ 95,000 in Bitcoin can lead to the re -testing of lower levels of 85,000 to 75,000 dollars.

Decline to $ 75,000 means that all the gains after the 90 -day tariff pause will be deleted.

*It is not an investment advice.