Bitcoin Whales Accumulate—Will This Push BTC Toward $100K?

Bitcoin is currently trading near the crucial $97,000 resistance point, with changing macroeconomic conditions and significant investment activity driving the price. Whale accumulation signals strong confidence in the market, as high-value withdrawals indicate long-term trust in Bitcoin. The US Dollar Index showing signs of weakness could provide a boost to Bitcoin, as the cryptocurrency tends to perform well when the dollar weakens. However, Bitcoin is currently in a consolidation phase, with the $97,000 resistance level posing a significant obstacle. The next big move for Bitcoin will depend on whether it can maintain upward momentum or face another rejection. The road ahead for Bitcoin includes the possibility of reaching $100,000 if it surpasses $97,000, or retreating to support levels around $95,000 if resistance remains strong.