Bitcoin's Path to $100K: Market Optimism and Strategic Bets

Bitcoin has entered a consolidation phase after a recent correction, trading around $96,431.49. Key metrics, including the Seller Exhaustion Composite and whale accumulation, suggest a potential bullish rally towards $100k. Analysts point to a falling wedge pattern and increased whale reserves as indicators of market confidence. However, Bitcoin must breach the $99k resistance to achieve a triple-digit value, with the Pi Cycle top indicator suggesting a possible market top above $123k or a drop to $68k if the current price isn't the bottom.