Bitcoin Price Prediction as BTC Price Consolidates around $100K...BIG Surprise
Bitcoin’s price has been consolidating around the psychological $100,000 level, making it a critical moment for the crypto market. Every time Bitcoin moves above or below this mark, it quickly returns, showing strong market indecision. But this won’t last forever - once Bitcoin makes a strong move, the entire crypto market is likely to follow.
Bitcoin’s $100K Battle: A Turning Point
For months, Bitcoin has been bouncing around the $100K mark, failing to break out or crash decisively. If Bitcoin sees heavy selling pressure and falls below this level, it could trigger a market-wide selloff. On the flip side, if BTC breaches its previous high of $109K, a strong bullish rally could follow, pushing altcoins higher as well.
BTC/USDT 1-hours chart - Bitget
Why Is Bitcoin Struggling?
1. Fundamental Challenges
Several negative events are weighing on Bitcoin’s price. KuCoin’s massive legal penalties , Binance’s regulatory issues in France , and overall uncertainty in the crypto space are keeping investor sentiment cautious.
2. Technical Factors
After a massive price surge from $40,000 to $100,000, many traders have started taking profits, leading to a strong selloff. This has created resistance at higher price levels, making it difficult for Bitcoin to push higher.
Bitcoin Price Prediction: What’s Next?
If Bitcoin fails to break above $106K soon, it risks losing momentum and dropping below $100K. In that case, potential support levels are at $96K, $92K, and possibly even below $90K. Traders should keep an eye on key resistance and support levels, as Bitcoin’s next move will likely dictate the direction of the entire market.
BTC/USDT 4-hours chart - Bitget
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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