$100K Bitcoin: The Expansion Phase
Realistic expectations and what’s still missing
Dear Bitcoiners,
Bitcoin is back in bull territory, trading above the Short-Term Holder (STH) cost basis! After briefly consolidating at this key level, where short-term holders are roughly at break-even, the price continued to surge and broke through the psychological $100K mark. This correction remains nearly identical to the one seen in the ETF approval: the assessment we’ve been laying out over the past weeks has been playing out.
We now find ourselves in the resistance zone around the $100K mark, just 3% below the all-time high (daily close).
A continuation of the bull market is increasingly likely. However, there are critical signals that need to be discussed! Let’s look at realistic expectations for price action in the coming months, grounded in both cycle analysis and on-chain data. The charts we’ll discuss are key and are available for live tracking on the Bitcoin Strategy Platform.