Bitcoin’s $100K comeback hinges on $98K breakout and spot demand

💡 DMK Insight

Bitcoin’s current spot demand is heating up, and here’s why that matters: a break above $98,000 could signal a major bullish trend. With BTC currently at $96,621, traders should keep an eye on ETF inflows, which have been robust. If we see sustained buying pressure that pushes BTC past that $98,000 resistance, it could trigger a wave of momentum buying. Historically, significant breakouts like this often lead to rapid price increases, so a close above that level could open the door to new highs. But don’t ignore the flip side—if BTC fails to break through and instead retraces, it could test lower support levels around $92,000. Watch for volume spikes and market sentiment; if institutional players continue to accumulate, it could provide the fuel needed for that breakout. Keep your charts handy and monitor those key levels closely.