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Bitcoin (BTC) 
$107,248 leads the cryptocurrency market, which has recently experienced volatility. Despite fears and uncertainties, Bitcoin has successfully maintained its critical support level at $92,000. This price stability has fostered confidence among market participants regarding Bitcoin’s robust structure.
New Investors Are Increasing Their Market Role
On-chain data reveals significant changes within the Bitcoin market. According to Glassnode, the amount of BTC held for less than three months has reached 49.6% of the network’s liquidity. This data clearly indicates a growing interest from new investors and the influx of fresh capital into the market.
In this process, experienced investors are reallocating their assets by selling, while new participants absorb the selling pressure, helping to stabilize the market. Experts emphasize that new investors will play a crucial role in determining the future direction of Bitcoin and the broader cryptocurrency landscape.
In the coming days, the market will seek answers to whether new demand can drive Bitcoin’s price back to the $100,000 level or if a downturn will prevail.
Technical Data Indicates Bitcoin’s Strong Position
As of the report, Bitcoin is trading at $94,174, remaining above the critical $92,000 support level. Maintaining this level helps the largest cryptocurrency demonstrate strong resilience despite market uncertainties. However, for the upward trend to continue, the price must rise above $95,000, turning this level into support, which would signal positive momentum for the cryptocurrency market.
Surpassing the $95,000 mark could target the psychological resistance at $100,000, attracting new buyers and accelerating Bitcoin’s price discovery process. However, losing the $92,000 level could increase selling pressure, leading to a deeper correction.
The market will closely monitor Bitcoin’s movements within this narrow range in the coming days. Bulls must defend critical levels to maintain the upward narrative; otherwise, bears may regain strength and pull prices down.
