Why Bitcoin May Not Hit $100K
Why Bitcoin May Not Hit 100K ⚠️😢
Bitcoin’s journey to 100K is facing major roadblocks. Here’s why:
Massive Sell Orders:
A significant number of sell orders are stacked near the 100K mark, creating heavy resistance. With fewer buyers in the market, breaking through this level seems unlikely.
Trader Fatigue:
Bitcoin has been stuck between
97K and 99K for several days. Frustrated long traders are starting to exit their positions, adding to the selling pressure.
Potential Dip Incoming:
This selling activity could push Bitcoin’s price down to 95K or even 90K before any attempt to reach 100K is made.
While 100K remains a psychological target, current market dynamics suggest it may take longer than anticipated to get there. Stay cautious.
BTCUSDT.P
Bitcoin’s journey to 100K is facing major roadblocks. Here’s why:
Massive Sell Orders:
A significant number of sell orders are stacked near the 100K mark, creating heavy resistance. With fewer buyers in the market, breaking through this level seems unlikely.
Trader Fatigue:
Bitcoin has been stuck between
97K and 99K for several days. Frustrated long traders are starting to exit their positions, adding to the selling pressure.Potential Dip Incoming:
This selling activity could push Bitcoin’s price down to 95K or even 90K before any attempt to reach 100K is made.
While 100K remains a psychological target, current market dynamics suggest it may take longer than anticipated to get there. Stay cautious.
BTCUSDT.P 
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.