The post Bitcoin eyes $100K—Could it be closer than we expect? appeared on BitcoinEthereumNews.com.

BTC climbed 11.75% over the past week, reflecting strong bullish momentum. Bitcoin maintained strong upward momentum; however, flipping $96,000 remained crucial for a potential rally. Over the past week, Bitcoin [BTC] has experienced sustained gains, rising from a local low of $83k to a high of $95k. In fact, at press time, Bitcoin traded at $94,061, climbing 11.75% on weekly charts. The recent price pump reflects strengthening upward momentum for the crypto. Looking at Bitcoin’s MACD, it has surged from 137 to a YTD high of 2814. An uptick in MACD indicates strong bullish momentum in the market, with significant price movement to the upside. Usually, higher levels signal a continuation of the existing trend. Source: TradingView Therefore, it implies that the current uptrend is likely to continue if the demand also rises or remains constant. Significantly, the market is experiencing considerable demand, with buyers highly active in the market. With a strong upward momentum while buyers are dominant players, it positions BTC for more gains on its price charts. What do Bitcoin charts suggest? According to AMBCrypto’s analysis, Bitcoin is experiencing strong upward momentum. The prevailing market conditions position the crypto for more gains. For starters, Bitcoin is experiencing sustained bullish sentiments from all market participants. As such, these bullish participants are taking strategic positions in the market. We can see this market bullishness in multiple ways. Firstly, Bitcoin’s Fund Market Premium has turned positive to settle at 0.2. A positive Fund Premium suggests that investors, especially institutional ones, are experiencing enthusiasm and FOMO. Thus, there’s significant demand for Bitcoin across the market, including in traditional finance.     Source: CryptoQuant Additionally, other market players are also bullish, as Bitcoin’s Fund Flow Ratio has declined to hit a low of $0.078. This decline suggested increased holding behavior, as investors…

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Filed under: News - @ April 27, 2025 9:02 pm