Organization: Bitcoin may soon resume its rise, aiming for the major milestone of 100,000 US dollars
The price of Bitcoin has slightly decreased. The upward trend triggered by Trump's victory in the US presidential election has paused, failing to break through the major threshold of 100,000 dollars. However, Kathleen Brooks from XTB released a report stating that Bitcoin might soon resume its rise.
She said: "We still believe that Bitcoin will break through the $100,000 mark in the next few days or weeks, but there may be fluctuations before reaching this key level."
There are many bearish options around 98,000-99,000 dollars betting on a fall in Bitcoin. These options could "trip up those investors hoping for a quick surge in the price of Bitcoin to reach $100,000."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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