Bitcoin Surges Toward $96.7K on ETF Demand

Bitcoin Price Surpasses Key Cost Bases Amidst Strong Market Signals

Bitcoin has broken through the cost-basis levels that previously hindered its recovery earlier this year, buoyed by robust ETF demand, increased spot trading volume, and a notable absence of aggressive profit-taking. These factors have collectively improved the market’s outlook.

Options Expiry and Next Resistance Level

Following the conclusion of a significant quarterly options expiry event, the next major on-chain resistance for Bitcoin is now projected to be around the $96,700 mark. This development comes as the cryptocurrency navigates a dynamic market environment.