Will Bitcoin’s Price Break New Ground Above Crucial Levels?

Bitcoin has recently seen strong buying activity at an average price of $97,000, attracting the attention of short-term investors. CryptoQuant, a leading on-chain analytics service, highlights the importance of the $96,700 level as a crucial support zone, where its robust network foundation is providing stability for this price level. Breaking this resistance could lead to increased selling pressure, while staying above it may spark new investments.