Bitcoin (BTC) is nearing a $2 trillion market cap and is less than 5% away from reaching the $100,000 milestone. The Average Directional Index (ADX) suggests that the current uptrend is weakening, indicating potential consolidation or a slowdown in bullish movement. However, the Net Unrealized Profit/Loss (NUPL) indicates that market sentiment remains optimistic, with holders in profit and confidence in further price increases. The NUPL is still below the threshold for the "Euphoria" zone, which could lead to strong corrections, but it also allows room for BTC price growth before reaching risky levels. BTC could potentially reach $105,000 in the near term if the uptrend regains momentum, but a downtrend could see the price fall to $88,000 before another attempt at pushing higher.



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