Why Bitcoin’s Momentum Continues Beyond $91K Milestone

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Investors have been pulling funds out of exchanges and the stablecoin reserves are growing.

Bitcoin experienced a short-term pullback at the end of the business week, slipping below $87,000 briefly after registering its latest all-time high of nearly $94,000 on Wednesday.

However, the worst could be over as the asset has recovered most of the losses and currently sits above $91,000. At the same time, on-chain factors have emerged to suggest that its rally still has a lot of legs and could eventually challenge the coveted $100,000 level.

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