Bitcoin (BTC) has experienced a 5% dip in price over the past week, currently trading at $96,905. However, despite the decline, there has not been a significant increase in sell-offs, suggesting that bullish sentiment remains strong. The recent data from CryptoQuant shows that BTC net outflows from exchanges have surpassed $2.5 billion, indicating a shift towards holding assets in private wallets and suggesting a positive sentiment. The positive funding rate in perpetual futures markets also supports the likelihood of BTC's price rising. However, BTC's price currently trades below the Leading Span A of the Ichimoku Cloud, which acts as dynamic resistance at $100,160, indicating a bearish trend. Breaking above this level could drive BTC towards its all-time high, while a failure to do so may lead to a decline in price.



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