Bitcoin Stuck Under $97K Despite ETF Boom—Breakout or Breakdown?
Bitcoin ETFs have absorbed over $20B in net inflows, but $BTC struggles to hold momentum above $97K! The ETF surge took gold five years to reach, but Bitcoin did it in just 10 months! Despite this, BTC remains in a range-bound pattern, failing to sustain breakouts. The RSI sits at 42.58, suggesting weak momentum, while Bollinger Bands indicate compression before a major move. If $BTC fails to hold above $96K, it could test the $94,500 support level before any recovery. A breakdown below $94K could trigger cascading liquidations, increasing volatility and pushing BTC toward $92K. On the upside, a break past $97,500 could set the stage for $100K! A surge in buying volume is necessary for Bitcoin to escape this consolidation and enter price discovery. The market is at a turning point—whales are watching, and so should you!