Bitcoin Bounces at Crucial Support, Driven by Institutional Buying

Bitcoin has experienced a recent price correction, now testing the $91.8K-$95.9K support cluster. This crucial juncture is defined by convergence of three critical technical indicators: the 111-day SMA, 200-day SMA, and the Short-Term Holder Realized Price. These metrics suggest a turning point for the market’s direction as Bitcoin approaches its $100K milestone.