The crypto market, including Bitcoin, has remained relatively stable with Bitcoin struggling to sustain above $95,000. However, the formation of a pennant chart pattern and the increase in whale activity suggest an imminent breakout. The BTC price has traded at $96,930 with a 1% gain, and its market cap has surged to $1.94 trillion. The recent surge in whale activity, with around 400 new Bitcoin whales joining the network, indicates increasing accumulation among large holders and the potential for a major market reversal or breakout. Investors believe the current consolidation is a breather before Bitcoin surpasses the $100,000 milestone. The formation of a bullish continuation pattern called a pennant further supports the bullish thesis, with a potential breakout intensifying buying pressure and targeting $107,000 and $125,000. The momentum indicator ADX suggests market stability and the potential for a dynamic move.



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