Bitcoin reclaims 365-day moving average, reviving the $100K scenario
- —Bitcoin trades near $83,000 after reclaiming its 365-day moving average around $80,500
- —PlanB sees $100,000 in October and a new high above $126,000 before Christmas
- —Prediction markets price roughly a 40% chance of $100,000 this year
- —Glassnode: the drawdown is about 30% versus more than double in past cycles
Why it matters: Holding above $80,500 and sustained new demand will decide whether the path to $100,000 plays out or another correction lies ahead.
Source: Blockmedia