Key points:
Bitcoin has a fight for a $100,000 price and a $2 trillion market cap on its hands this month.
Dips below six figures are “easily possible,” analyst filbfilb says, but the odds are stacked in bulls’ favor.
ETH/BTC needs to hit the 0.03 inflection point as part of an altcoin comeback.
Bitcoin (BTC) is poised for expansion with BTC price action rarely more “bullish-looking,” an analyst says.
In his latest commentary on X, market analyst filbfilb revealed a key support battle now underway on BTC/USD.
Filbfilb on $100,000 battle: “This time is no different”
Bitcoin has begun to consolidate after making rapid gains this month, with the area just north of $100,000 seeing “choppy” BTC price moves.
For filbfilb, however, current market behavior is about more than reclaiming six figures.
Bitcoin’s market cap is now fighting to flip the $2 trillion mark from resistance back into firm