Bitcoin is nearing the resistance point of 95,000 USD, with unrealized whale profits at 150 billion USD. The high MVRV ratio suggests a market correction might occur if profits are realized, and this could influence Bitcoin’s upward momentum.
Despite the potential for price correction, Bitcoin boasts strong daily transaction numbers and active addresses, indicating robust investor demand. If Bitcoin surpasses 95,000 USD, it may target 105,000 USD, while a failure could lead to a retest of support at 85,000 USD.
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