Bitcoin is currently priced at 96,082 USD, encountering resistance near 100,000 USD, with support potentially at 90,000 USD. Traders are on edge, especially with signs of a short squeeze becoming more likely due to increasing liquidity.
The Federal Reserve’s upcoming minutes may maintain a hawkish stance, influencing market views on interest rates. There’s a growing accumulation of Bitcoin despite the stagnant price, indicating strong demand may persist.