Analyst: US$100,000 may have become a high threshold or even an obstacle for BTC investors to make further profits
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2024-11-26 16:32:01 3,362
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Golden Finance reported that Trade Nation senior market analyst David Morrison said that although "100,000 US dollars" is a good round number price, it feels that this number has become a high threshold or even an obstacle for Bitcoin investors to make further profits. If Bitcoin falls from here on out, that could be all that the market shows, especially if long-term holders decide to cash out early. However, David Morrison also pointed out that Bitcoin’s upward momentum is likely to accumulate enough energy to push the price above the $100,000 mark. Once this resistance level is broken down, it may become a trigger to push Bitcoin up again.