Bitcoin increased on Thursday by USD 98,000, fueling an intensive debate among traders about whether a milestone $ 100,000 is again within reach, or whether the current rally is susceptible to quick correction. Behind the scenes, market observers point to the growing interest (OI) and an increased lever, distinguishing the possibility of pushing the driven lever.

Bitcoin rally or trap?

The analyst of the Cryptoquant Maartunn (@ja_Maartun) community warned against the “lever driven pump”, noting a jump by USD 2.4 billion in OI Bitcoin within 24 hours. Through X, he wrote: “Pump driven by lever: USD 2.4 billion (7.2%) Increase in open interests of Bitcoins in the last 24 hours.”

Confirming these observations, a well -known Cryptographic Byzantine general (@byzgenerral) Highlighted A significant role of fresh long positions in driving prices above: “Many fresh debts coming here on BTC, which is exceeding the higher price. A bit funny that the whole market is now raised at the back of the long -lasting ones. “

Analysts from Alpha Dojo (@alphadojo_net) he repeated Sentiments of caution, emphasizing a significant gap between the open interest based on time -based contracts and purchases based on the spot: “BTC is still grinding up, while OI is growing constantly, but there is not much purchase. BTC is approaching the upper end of the range again. It seems that some market participants have tried to donate the planned Saylor offer worth $ 2 billion. “

Although the prospect of a lot of purchase can drive the market, they warn that without fresh catalysts, such as “short -term narrative or positive message, now it seems that BTC will have difficulty with balanced pumping above $ 100,000”.

A well -known cryptographic analyst Bob Lukas provided that A cyclical framework of interpretation of Bitcoin prices, noting that the market can approach the end of one multi -week cycle and the beginning of another: “We are at the verge of completing the weekly Bitcoin cycle, because I shared the last 6 weeks. In context, there have been only 5 weeks of cycles since the falls of bears on the 2022 market. (AVG 6 -month events). 4 of these cycles had 90-105% of movements. One did not do much (June 23-September). “

Asked if this signals the nearest peak of the market, Lookas explained: “I say that we will soon start a new one. Cycles always start with falls. “His comments suggest that although the bicycle crossing is inevitable, this does not necessarily equal to the peak of the market – and cannot mean the beginning of a modern upward trend.

Technical analyst Rekt Capital (@Rectcapital) emphasized The importance of Bitcoin’s daily closure above the threshold of USD 97,700, which suggests that a successful re -zone can pave a path that goes beyond $ 100,000: “The early momentum generated by the abducted discrepancy translated into this last breakthrough movement. And with the last daily closure above ~ 97700 USD, Bitcoin will now try to give up the level again as support to enable trends. “

Then he developed a relative channel for the Bitcoin (RSI) force indicator, which suggests that the break above a series of lower ups can signal the next leg up: “Over time, the Bitcoins price continued to complement the blue trend line as support. RSI continued to keep the bottom of the channel. Recently, RSI has broken a series of lower ups, which indicates that RSI may be ready to rise to the top of the channel. “

Looking to the future, a clear re -test of USD 97,700, because support can confirm the stubborn perspectives of Rekt Capital: “Every day close to USD 9,7700 was successful (light blue). Any immersion in $ 97700 is an attempt to test again. The exit after the turn of $ 9,7700 for new support will fully confirm the BTC positioning breakthrough for a rally up to $ 101,000. “

During the BTC press it traded at USD 98,645.