Attention, Bitcoin Bulls: Here’s Why $99K Might Be The Next Crucial Level To Watch

Following the recent bullish momentum seen early in the year, the Bitcoin price has displayed a bit of correctional movement and now stands closer to $90,000 than it did a week ago. While BTC’s most recent retracement raises suspicions of resistance lying at the $94,000 price, the latest on-chain evaluation hypothesizes the presence of a more relevant resistance just beneath $100,000. New Whales’ Cost Basis Sits Around $99k On-chain analyst Axel Adler Jr recently took to the social media platform X to share an interesting hypothesis on the Bitcoin price trajectory. His on-chain observation was based on the Realized Price New Whale STH Vs Old Whale LTH indicator source: https://www.newsbtc.com/news/bitcoin/bitcoin-bulls-heres-why-99k-might-be-the-next-crucial-level-to-watch/