$100,000 Level a Make-or-Break for BTC | Airdrop Alert Pro

Bitcoin’s price recently surged to an all-time high (ATH) of $104,087, but has since entered a consolidation phase. Despite reaching new highs, Bitcoin is still struggling to break the $100,000 mark.

Investors are cautiously optimistic, but there are concerns that the market may be at a tipping point and could fall if Bitcoin fails to stay above this level.

Bitcoin faces high risks

Bitcoin market sentiment As the NUPL (Net Unrealized Profit and Loss) indicator shows, risks are very high right now. NUPL has exceeded 0.59, one standard deviation above the 4-year average.

This indicates a phase of extreme unrealized profits, which is often associated with market excitement. High levels in NUPL are often followed by sharp corrections as investor optimism can turn into profit-taking.

NUPL data suggests that the Bitcoin market is overheating, which could lead to increased selling pressure. When a market becomes overextended, prices can quickly switch from bullish to bearish as more investors begin to realize profits. As long as NUPL remains above the danger zone, the risk of a correction in the coming weeks remains high.

Realized profits have shown signs of declining over the past few days. This reflects a cautious outlook among investors who are waiting for clearer market direction.

“Realized profit, which tracks dollar gains from token transfers, peaked at $10.5 billion per day on its way to nearly $100,000. Since then, the number has dropped to around $2.5 billion per day, a 76% decline. This The sharp decline hints at a clear cooling of the market, suggesting that profit-taking may be more impulsive than sustained,” Glassnode famous.

BTC Price Prediction: Stay Cautious

Bitcoin price The current range is between $100,000 and $89,800, volatility is expected to continue. If BTC manages to break above $100,000 and establish it as a support level, the price could move higher, possibly approaching $105,000 in the coming weeks. However, if Bitcoin fails to sustain momentum above $100,000, a retest of the $89,800 level is likely.

Failure to hold the support at $89,800 could result in a sharp decline in price and a possible test of the support at $85,000. If selling pressure increases and Bitcoin fails to recover, further declines could push Bitcoin towards $75,000. This would suggest a lengthy period of consolidation before any further bullish attempts.

In the current market environment, Bitcoin’s The ability to recoup and maintain the $100,000 level is critical. While overall sentiment remains bullish, high NUPL suggests that the risk of a pullback is real.