Bitcoin's recent price surge lacks individual participation.
Demand from small buyers remains weak, suggesting that the current rally is being driven by large players rather than individual investors.
This makes the rally fragile and prone to volatility.
Bitcoin is now hovering above $93500, on the cusp of positioning itself for a repeat of November 2024 and April 2025 history (green circles)
Bitcoin will need to simply hold above $93500 heading into the new Weekly Close
History suggests a retest of $93500 into new support could also be on the cards.
BTC
96,605.41
+1.56%