The post Bitcoin price jumps to $94,680, eyes $100,000 amid rising greed signals appeared on BitcoinEthereumNews.com.

10% weekly gain marks Bitcoin’s strongest move in weeks. Profit/Loss ratio close to 1.0, hinting at potential breakout. Greed sentiment reaches its highest level since November 2024. Bitcoin has broken above $90,000 after five weeks of sideways trading, reigniting excitement across the cryptocurrency market. As of now, Bitcoin is trading near $94,680, posting over a 10% increase over the past week and edging close to the crucial $95,761 resistance level. Source: CoinMarketCap Investors are watching closely, as a move above this threshold could set Bitcoin on a clear path toward the $100,000 milestone. However, sentiment indicators also show signs of overheating, with greed levels among Bitcoin holders reaching their highest since Donald Trump’s election night on November 5, 2024. Although momentum remains positive, market conditions suggest that Bitcoin faces a delicate balancing act between sustaining its rally and avoiding a sentiment-driven pullback. Traders, analysts, and institutional investors are all closely monitoring how Bitcoin will behave near these key technical levels in the coming sessions. Bitcoin rally builds as P/L ratio nears 1.0 Bitcoin’s macro momentum is strengthening as the Profit/Loss (P/L) ratio moves closer to the neutral 1.0 mark. A 1.0 ratio reflects an equal number of coins in profit and loss, signalling a healthier and more balanced market structure compared to earlier periods of extreme loss. Historically, this level has acted as a strong resistance during bear cycles, but a successful move above it could clear the way for continued upside and renewed investor confidence. Still, a near-neutral P/L ratio often introduces volatility. Investors reaching breakeven or modest profits may be tempted to sell, creating selling pressure even as overall sentiment remains positive. Bitcoin’s ability to maintain strength will depend on whether holders stay committed as the price tests new highs, especially as short-term traders eye quick profits. Rising…

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Filed under: News - @ April 28, 2025 11:24 am