Bitcoin has dropped 5% and is trading at 94,390 USD, below 100,000 USD. Despite this decline, a bullish market sentiment remains, hinting at a future rebound above this critical Threshold.
In the past week, over 2.5 billion USD worth of Bitcoin has flowed out of exchanges. This trend indicates a shift towards holding assets rather than trading, reflecting positive investor expectations for price increases.
Bitcoin faces resistance at 100,160 USD based on Ichimoku Cloud analysis. Overcoming this level is crucial; successful breach could lead to all-time highs, signaling sustained bullish momentum in the market.