BTC is really the main focus right now for short to mid-term moves. The key level everyone's watching is that $94K resistance—if Bitcoin can punch through there, we should see a solid rally unfold. What's encouraging is the series of higher lows being respected in the price action. The bulls definitely don't want to lose that market structure, as it would signal weakness in the current uptrend. Until we see a breakdown of those support levels, the bias stays constructive.
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DefiPlaybook
· 19h ago
Is breaking through the 94K level really critical? According to on-chain data, Bitcoin whale holdings around this price are still quite concentrated.
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The high and low point structure is indeed holding, but I’m more concerned about whether the trading volume during this rally has reached over 60% of the historical average.
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The risk of a breakdown has actually been underestimated. Although the current bias is constructive, sudden events like flash loan attacks are hard to defend against.
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In simple terms, the bulls haven't fully taken control yet. Let’s wait for a true breakthrough before making conclusions; it's still premature to decide now.
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The resilience of these support levels is worth noting from three perspectives: liquidity depth, institutional holding concentration, and the historical failure rate of breakdowns.
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The bullish narrative is quite full, but the data still feels a bit off. Can 94K really be broken? It’s a bit uncertain.
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NightAirdropper
· 12-13 21:01
Whether 94K breaks or not is really crucial; it feels like we're a bit stuck.
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ProbablyNothing
· 12-13 21:00
Can the 94K barrier be broken? It determines how to proceed afterward.
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PhantomHunter
· 12-13 20:59
Hurdle at 94k is indeed tough, but looking at the pattern of highs and lows in this wave, there's still some significance to it.
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SelfCustodyBro
· 12-13 20:58
94K breaking or not breaking really makes all the difference, feels like this time is different
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SchrodingerGas
· 12-13 20:57
The 94K level is indeed correct, but what about the on-chain data? Are the big players really probing or just putting on a show?
BTC is really the main focus right now for short to mid-term moves. The key level everyone's watching is that $94K resistance—if Bitcoin can punch through there, we should see a solid rally unfold. What's encouraging is the series of higher lows being respected in the price action. The bulls definitely don't want to lose that market structure, as it would signal weakness in the current uptrend. Until we see a breakdown of those support levels, the bias stays constructive.