✉news BusinessCrypto first seen 1 d ago, last 18 h ago, peak #13
Bitcoin could target $96.7K as on-chain money drives rally
Original: Why Bitcoin Could Target $96.7K as On-Chain Money, Not Leverage, Leads the Rally
Analysts are pointing to a possible Bitcoin price target of $96,700, arguing the current rally is being powered by on-chain capital inflows rather than leveraged positions. If real money, not derivatives, is leading the move, the uptrend could be more durable, and traders are watching whether Bitcoin can push toward that level in the near term.
Why now: Bitcoin's rally and the prospect of a new price milestone are drawing attention from crypto traders and investors.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1200257