Bitcoin Price Outlook: Key Support for $100K, Resistance for $110K as Exchange Reserves Dey Go Down and Wahala for Economy Still Dey
Bitcoin price matter don stable as strong strong foundation dey balance say e don fall small to $103,000–$104,000 range. CryptoQuant analyst, Axel Adler Jr., talk say Bitcoin exchange reserves dey reduce steady, wey mean say big big investors and pipu wey sabi hold long time still dey buy. All dis tin dey make di support levels strong and suggest say di market fit don reach bottom. For di economy side, traders dey face mixed condition: lower US PCE inflation don reduce Federal Reserve pressure, but fear of risk still dey because of rising yields and tariff wahala. Dem expect say Bitcoin go move sideways between $103,000 and $110,000 for short term. If trading volume and momentum increase, e fit break above $110,000 and go towards $115,000–$120,000 range, wey show say market dey bullish. But if Bitcoin fall below $100,000 because of bad money wey dey enter, e fit correct well well. Traders suppose watch exchange reserves, how big investors dey move money, and key support levels to know when to trade. Bitcoin price matter still dey very important as economy and blockchain signals dey change.
Neutral
As for Bitcoin, for small time, the outlook na hin get na neutral. Even though im foundation strong – as we dey see say exchange reserves dey drop and big big organizations dey buy am steady – but wetin dey happen for economy plus how the price don fall small small, dey make people for market dey careful. The way we dey expect am to dey trade between $103,000 and $110,000, plus say traders no wan take risk because of inflation, interest rates, and all those tariffs, e just show say everywhere balanced. If e pass $110,000 with strong power, that go make people feel bullish. But if e fall below $100,000, e go turn bearish. So until e clear say e don break out or break down, the main signal for trading na still neutral.