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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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Essay Content Directio
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📅 End at: July 9, 16:00 UTC
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Bitcoin price analysis: how likely is it that BTC will exceed $100,000 this week?
Description: Bitcoin is currently trying hard to regain momentum as its price action stagnates around the 100-day moving average. The current market structure implies a turning point where a bullish rebound remains a strong possibility, but a breakout could lead to a deeper correction. The likelihood of BTC surpassing $100,000 this week remains uncertain and depends on several factors. On-chain analysis indicates that profit-taking by long-term investors is the main reason for the current consolidation. However, lower profit levels than last summer suggest that selling pressure may ease, providing the necessary impetus for a new stage.