The post Will Bitcoin Surpass These Key Price Barriers? appeared on BitcoinEthereumNews.com.

Bitcoin‘s price stability is attracting considerable attention as short-term investors recently concentrated their buying at an average of $97,000. Notably, CryptoQuant, an on-chain analysis service, has pinpointed the $96,700 level as a critical support zone, where a robust network foundation supports the price. Historically, breaking this support leads to more sales, while sustaining it can stimulate new investments. The market waits in suspense for Bitcoin’s next movement. Why is the $96,700 Level Crucial?How is Market Sentiment Shaping Potential Outcomes? Why is the $96,700 Level Crucial? The noted $96,700 price level represents the realized price indicator for recent short-term acquisitions of Bitcoin, defined within the past 155 days. CryptoQuant analyst Abramchart has identified this level as vital, marking it as a technical and psychological bastion for many investors. Data indicates that when prices stabilize here, recoveries occur with increased volume, whereas a failure may necessitate finding support near the $80,000 mark. Observations suggest that while futures funding rates approach crucial points, leverage has not shown a drastic rise, pointing to an absence of potential liquidations. The MVRV ratio, stabilized at 1.89, indicates a lack of overvaluation, despite miner sales slightly rising over the past day. If the hash price dives below $102, selling pressure could amplify, yet long-term inactive supplies help mitigate immediate concerns. How is Market Sentiment Shaping Potential Outcomes? Amid an 8% weekly drop in spot market liquidity, the options market’s reverse delta curve hints at a moderate recovery over 30 days. Investors are recalibrating their risk portfolios in light of upcoming US inflation details and the FOMC meeting, pausing new purchases momentarily. Despite witnessing a stablecoin inflow of $820 million, some hesitance persists among investors. Technical charts note the difficulty of breaking from the falling wedge without substantial volume support, while the RSI’s slow upward trend suggests a…

---

Filed under: News - @ June 3, 2025 2:24 pm