Bitcoin Nearing $100K: Signs of Bull Market Rebound Point to Potential Price Surge

Bitcoin’s market value is soaring, breaking records with its realized cap surpassing $891 billion, and signaling a potential price breakthrough. Data from onchain analytics platform CryptoQuant shows this sustained increase, attributed to renewed investor interest and capital inflows. Experts believe Bitcoin’s long-term performance indicates the beginning of a new bull cycle. While some investors are taking profits, the overall market remains balanced at around $100,000 according to Glassnode, indicating a growing wave of demand alongside profit-taking activity.