Bitcoin Surges Toward $100K as Capital Inflows Drive Breakout Momentum
Bitcoin has finally broken above the critical $98,000 resistance level and is now on the verge of making history as it tagged $99,890—just shy of the long-awaited $100K mark. Bulls are firmly in control, with momentum accelerating and price action starting to confirm the uptrend that many analysts have anticipated. After weeks of steady consolidation and higher lows, BTC is now showing clear signs of strength as it eyes new all-time highs.
Supporting this bullish momentum, on-chain insights from CryptoQuant reveal a significant and sustained flow of capital into Bitcoin over recent weeks. This accumulation phase reflects renewed investor confidence and has driven Bitcoin’s Realized Cap to a new all-time high, marking the third consecutive week it has reached a record level. Realized Cap, which measures the total value of all coins based on their last movement, serves as a strong indicator of long-term conviction among holders.
Bitcoin is gaining serious momentum as it flirts with a breakout above the psychological $100,000 level. Bulls are firmly in control, and it appears that the selling pressure that defined much of the year is finally fading. The price action has turned decisively bullish, and Bitcoin now trades just below $100K after tagging $99,890 earlier today.
The rise in Realized Cap points to sustained capital inflows and growing investor confidence. Both Long-Term Holders (LTHs) and Short-Term Holders (STHs) have continued accumulating BTC, reinforcing the market’s recovery and setting the stage for a potential breakout.
This surge in investment reflects not only a shift in sentiment but also increasing conviction in Bitcoin’s role as a long-term financial asset. With momentum building and capital steadily flowing in, the market appears to be laying the groundwork for a major price expansion. If the current trend continues, a confirmed breakout above $100K could mark the beginning of a new and powerful bull cycle—fueled not by hype, but by solid, data-backed accumulation.
Bitcoin is trading at $99,490 after a strong +2.51% daily move that pushed it to the brink of the $100,000 psychological resistance. The daily chart shows BTC breaking above recent consolidation highs and entering a key price zone between $100,000 and $103,600. This range marks the final barrier before potentially entering price discovery and retesting all-time highs set earlier this year.
Momentum is clearly bullish. Bitcoin is now well above both the 200-day simple moving average (SMA) at $90,851 and the 200-day exponential moving average (EMA) at $86,643—two major technical levels that previously acted as dynamic resistance. The current structure highlights a strong uptrend, supported by rising volume and consistent higher lows since the mid-April rebound.
What’s critical now is whether BTC can close above $100K and turn it into support. A clean breakout could attract new capital and trigger acceleration toward $103,600 and beyond. However, traders should watch for possible rejection around $100K, which has historically served as a strong profit-taking zone.
In short, Bitcoin’s price action is strong, and technical momentum favors continuation. The next few daily closes will be crucial in confirming whether BTC can break through this final resistance and enter a new bullish phase.
Featured image from Dall-E, chart from TradingView
