{"id":408546,"date":"2024-07-22T09:30:25","date_gmt":"2024-07-22T04:00:25","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=408546"},"modified":"2024-07-21T23:22:45","modified_gmt":"2024-07-21T17:52:45","slug":"bitcoin-eyes-100k-milestone-just-one-hurdle-left-to-clear","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bitcoin-eyes-100k-milestone-just-one-hurdle-left-to-clear\/","title":{"rendered":"Bitcoin eyes $100k milestone: Just one hurdle left to clear!"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Bitcoin registered double-digit growth over the last seven days.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Market indicators remained bullish in the king of cryptos.<\/span><\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/bitcoin-news\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Bitcoin [BTC]<\/span><\/a><span style=\"font-weight: 400;\"> has remained bullish throughout the last week, as its weekly and daily charts were both green. Things can get even better for the king of cryptos if it manages to stay above a critical mark before ending this week. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s find out what metrics suggest regarding BTC closing above that level.\u00a0<\/span><\/p>\n<h2><b>Bitcoin\u2019s road to $100k<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">CoinMarketCap\u2019s <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\"> revealed that BTC\u2019s price increased by more than 11% in the last seven days. The king of crypto\u2019s daily price chart also remained green. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of writing, BTC was trading at $66,998.13 with a market capitalization of over $1.32 trillion. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">While BTC bulls were pushing the coin\u2019s price up, Titan of Cryptos, a popular crypto analyst, recently posted a <\/span><a href=\"https:\/\/x.com\/Washigorira\/status\/1814586863849513245?t=7moKtM5cZqo52nZMYcqmsQ&amp;s=19\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">tweet<\/span><\/a><span style=\"font-weight: 400;\"> revealing an interesting update. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As per the tweet, if Bitcoin manages to close this week above $65.1k, then it might trigger yet another bull rally. If that happens, then expecting BTC to touch $100k in the coming days or weeks won\u2019t be a long shot.\u00a0<\/span><\/p>\n<figure id=\"attachment_408547\" aria-describedby=\"caption-attachment-408547\" style=\"width: 2180px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-21-at-3.41.31\u202fPM.png\"><img decoding=\"async\" class=\"wp-image-408547 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-21-at-3.41.31\u202fPM.png\" alt=\"\" width=\"2180\" height=\"1320\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-21-at-3.41.31\u202fPM.png 2180w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-21-at-3.41.31\u202fPM-300x182.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-21-at-3.41.31\u202fPM-1024x620.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-21-at-3.41.31\u202fPM-768x465.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-21-at-3.41.31\u202fPM-1536x930.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-21-at-3.41.31\u202fPM-2048x1240.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-21-at-3.41.31\u202fPM-1200x727.png 1200w\" sizes=\"(max-width: 2180px) 100vw, 2180px\" \/><\/a><figcaption id=\"caption-attachment-408547\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The possibility of BTC touching $100k didn\u2019t look very ambitious, as a key indicator also hinted at that possibility.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> AMBCrypto\u2019s look at BTC\u2019s Pi Cycle top indicator revealed that BTC\u2019s price was finally trading above its market bottom. If the indicator is to be believed, then BTC\u2019s possible market top would be $96.4k.\u00a0<\/span><\/p>\n<figure id=\"attachment_408548\" aria-describedby=\"caption-attachment-408548\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/glassnode-studio_btc-pi-cycle-top-indicator-usd.png\"><img decoding=\"async\" class=\"wp-image-408548 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/glassnode-studio_btc-pi-cycle-top-indicator-usd.png\" alt=\"Bitcoin's Pi Cycle Top Indicator\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/glassnode-studio_btc-pi-cycle-top-indicator-usd.png 1800w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/glassnode-studio_btc-pi-cycle-top-indicator-usd-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/glassnode-studio_btc-pi-cycle-top-indicator-usd-1024x576.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/glassnode-studio_btc-pi-cycle-top-indicator-usd-768x432.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/glassnode-studio_btc-pi-cycle-top-indicator-usd-1536x864.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/glassnode-studio_btc-pi-cycle-top-indicator-usd-1200x675.png 1200w\" sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><\/a><figcaption id=\"caption-attachment-408548\" class=\"wp-caption-text\">Source: Glassnode<\/figcaption><\/figure>\n<h2><b>Will BTC sustain its bullish momentum?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">AMBCrypto then checked CryptoQuant\u2019s <\/span><a href=\"https:\/\/cryptoquant.com\/asset\/btc\/summary\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\"> to see whether metrics supported the possibility of a continued bullish price action. As per our analysis, BTC\u2019s exchange reserve was dropping, meaning that selling pressure was low on the coin. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Both its active addresses and transactions also increased in the last 24 hours, which can be considered bullish. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">On top of that, miners were also confident in BTC. This was evident from its green Miners\u2019 Position Index (MPI), meaning that miners were selling fewer holdings compared to their one-year average.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> However, its aSORP was red, suggesting that more investors were selling at a profit. In the middle of a bull market, it can indicate a market top.<\/span><\/p>\n<figure id=\"attachment_408549\" aria-describedby=\"caption-attachment-408549\" style=\"width: 994px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-21-at-4.08.33\u202fPM.png\"><img decoding=\"async\" class=\"wp-image-408549 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-21-at-4.08.33\u202fPM.png\" alt=\"BTC's aSORP was red\" width=\"994\" height=\"640\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-21-at-4.08.33\u202fPM.png 994w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-21-at-4.08.33\u202fPM-300x193.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-21-at-4.08.33\u202fPM-768x494.png 768w\" sizes=\"(max-width: 994px) 100vw, 994px\" \/><\/a><figcaption id=\"caption-attachment-408549\" class=\"wp-caption-text\">Source: CryptoQuant<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">At the time of writing, BTC\u2019s <\/span><a href=\"https:\/\/cfgi.io\/bitcoin-fear-greed-index\/1d\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">fear and greed index<\/span><\/a><span style=\"font-weight: 400;\"> had a reading of 72%, meaning that the market was in a \u201cgreed\u201d phase. Whenever the metric hits this level, it suggests that the chances of a price correction are high.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Read <\/span><a href=\"https:\/\/ambcrypto.com\/predictions\/bitcoin-price-prediction\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Bitcoin\u2019s [BTC] Price Prediction<\/span><\/a><span style=\"font-weight: 400;\"> 2024-25\u00a0\u00a0\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">To see whether that&#8217;s possible, AMBCrypto then checked BTC\u2019s daily chart. Unlike the aforementioned metrics, market indicators remained bullish.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> For example, BTC\u2019s Money Flow Index (MFI) and Chaikin Money Flow (CMF) registered upticks, hinting at a continued price rise.\u00a0<\/span><\/p>\n<figure id=\"attachment_408550\" aria-describedby=\"caption-attachment-408550\" style=\"width: 2308px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/BTCUSD_2024-07-21_16-11-04.png\"><img decoding=\"async\" class=\"wp-image-408550 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/BTCUSD_2024-07-21_16-11-04.png\" alt=\"\" width=\"2308\" height=\"1456\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/BTCUSD_2024-07-21_16-11-04.png 2308w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/BTCUSD_2024-07-21_16-11-04-300x189.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/BTCUSD_2024-07-21_16-11-04-1024x646.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/BTCUSD_2024-07-21_16-11-04-768x484.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/BTCUSD_2024-07-21_16-11-04-1536x969.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/BTCUSD_2024-07-21_16-11-04-2048x1292.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/BTCUSD_2024-07-21_16-11-04-1200x757.png 1200w\" sizes=\"(max-width: 2308px) 100vw, 2308px\" \/><\/a><figcaption id=\"caption-attachment-408550\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><br style=\"font-weight: 400;\" \/><br style=\"font-weight: 400;\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent analysis suggested that Bitcoin might soon touch $100k if one condition is met.\u00a0<\/p>\n","protected":false},"author":75,"featured_media":408551,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[35,360,66,3,4,20],"tags":[6427,6428],"class_list":["post-408546","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin-news","category-btc-trading-view","category-new-news","category-news","category-social","category-trading-view","tag-ambcrypto","tag-new-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bitcoin eyes $100k milestone: Just one hurdle left to clear! - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Bitcoin [BTC] has remained bullish throughout the last week, as its weekly and daily charts were both green.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/bitcoin-eyes-100k-milestone-just-one-hurdle-left-to-clear\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin eyes $100k milestone: Just one hurdle left to clear! - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"A recent analysis suggested that Bitcoin might soon touch $100k if one condition is met.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/bitcoin-eyes-100k-milestone-just-one-hurdle-left-to-clear\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-22T04:00:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/07\/Bitcoin-to-100k-soon.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Dipayan Mitra\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/DiDipayan\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dipayan Mitra\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"AnalysisNewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-eyes-100k-milestone-just-one-hurdle-left-to-clear\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-eyes-100k-milestone-just-one-hurdle-left-to-clear\\\/\"},\"author\":{\"name\":\"Dipayan Mitra\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/a3c1a47ad2d3e2a023516862993813cd\"},\"headline\":\"Bitcoin eyes $100k milestone: Just one hurdle left to clear!\",\"datePublished\":\"2024-07-22T04:00:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-eyes-100k-milestone-just-one-hurdle-left-to-clear\\\/\"},\"wordCount\":502,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-eyes-100k-milestone-just-one-hurdle-left-to-clear\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Bitcoin-to-100k-soon.webp\",\"keywords\":[\"ambcrypto\",\"New news\"],\"articleSection\":[\"Bitcoin\",\"BTC Trading View\",\"News\",\"News 1\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-eyes-100k-milestone-just-one-hurdle-left-to-clear\\\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-eyes-100k-milestone-just-one-hurdle-left-to-clear\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-eyes-100k-milestone-just-one-hurdle-left-to-clear\\\/\",\"name\":\"Bitcoin eyes $100k milestone: Just one hurdle left to clear! 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