Bitcoin is facing challenges in reclaiming the $100,000 support level, leading to short-term market hesitation. However, the broader macro perspective suggests that BTC is poised for significant gains heading into 2025. Short-term holders are currently holding onto their positions, as they have unrealized gains of 7.9%. Analysts predict a rise to $112,000 in the near term and a major target of $120,000. Bitcoin's ability to hold above $94,000 reflects strong macro momentum, but risks remain if holders choose to sell their holdings. The short-term market conditions will play a crucial role in Bitcoin's trajectory.



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