{"id":155981,"date":"2025-05-01T19:00:05","date_gmt":"2025-05-01T16:00:05","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=155981"},"modified":"2025-05-01T16:12:42","modified_gmt":"2025-05-01T13:12:42","slug":"bitcoin-builds-momentum-as-bulls-eye-breakout-beyond-98k","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-builds-momentum-as-bulls-eye-breakout-beyond-98k\/","title":{"rendered":"Bitcoin Builds Momentum as Bulls Eye Breakout Beyond $98K"},"content":{"rendered":"<p>Traders who\u2019ve weathered the recent sideways grind are now eyeing early signs of a breakout, supported by both historical patterns and fresh investor behavior.<\/p>\n<p>One of the more telling metrics, the MVRV ratio, recently rebounded from a level that has, in the past, preceded major rallies.<\/p>\n<p>This same setup was seen earlier in 2024, just before a sharp rise in prices during the unwind of yen-related trades. If history is any guide, Bitcoin could be on the verge of repeating that explosive move.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/circle-targets-africas-5b-payment-problem-with-stablecoin-push\/\" title=\"Circle Targets Africa\u2019s $5B Payment Problem with Stablecoin Push\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/06\/circle.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Circle Targets Africa\u2019s $5B Payment Problem with Stablecoin Push<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Meanwhile, on-chain data suggests serious money is backing this shift. A large cluster of BTC\u2014worth more than $61 billion\u2014was accumulated between $95K and $97K. If holders resist the urge to sell, this zone could become a launchpad rather than a ceiling.<\/p>\n<p>Psychology is now in play. Greed, not fear, may dominate decision-making if investors expect higher returns ahead. With strong hands below and momentum building, a move toward $98K might not only be possible\u2014it could be just the beginning.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After weeks of quiet trading, Bitcoin is showing renewed strength, stirring hopes of a run toward the elusive $100K mark.<\/p>\n","protected":false},"author":3,"featured_media":102729,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-155981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Builds Momentum as Bulls Eye Breakout Beyond $98K<\/title>\n<meta name=\"description\" content=\"After weeks of quiet trading, Bitcoin is 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