With selling pressure at $85,000 dissipating, Bitcoin is eyeing the $100,000 mark as on-chain signals resonate with favorable macroeconomic developments.

Bitcoin is drawing attention around the $85,000 level, where selling pressure has reportedly begun to dissipate, according to Moomoo. The report said that shift has raised focus on whether the cryptocurrency could move toward the $100,000 mark.

The outlook cited by Moomoo combines on-chain signals with favorable macroeconomic developments. On-chain indicators generally refer to data recorded on Bitcoin’s public blockchain, including transaction and network activity, and are commonly monitored by market participants alongside trading conditions.

Bitcoin is the largest cryptocurrency by market recognition and is often viewed as a gauge of broader sentiment across digital-asset markets. Its price can be influenced by a range of factors, including investor demand, liquidity, economic conditions and activity visible on the blockchain.

The $85,000 and $100,000 levels are likely to remain key areas of attention as traders assess whether reduced selling pressure is sustained. Moomoo’s report frames the current setup as one in which blockchain-based signals and the wider macro backdrop are resonating with the market.