Bitcoin has breach the 100k gap but what now? Do you think it will go up? or maybe stay still on this new "floor/base"? Share your thoughts on comments
#BTCBreaks100K? #BTC100Ksoon With Trump being elected in the US and his statements about buying #BTC along with everything else surrounding the topic, #BTC☀ managed to pump up in a bullish market to around ~$99,500. That being said, it was extremely close to reaching $100K, and potentially even a six-digit value. However, bearish traders did their part and stopped the pump. Now, #BTC☀ is hovering around $98,500. This raises the question: Should I buy? Should I sell? It's normal to question ourselves and feel nervous when money is involved. Even I'm not 100% sure about my analysis, but let me remind you of something (and this is what I’m basing my decisions on): everything happening now is just the beginning. Trump hasn’t bought Bitcoin yet, and Gary Gensler hasn’t stepped down yet. So, if things are this volatile and it's just the beginning, I, at least, will put my belief in a bullish market and stick to that. .$BTC $BTC
As people are taking the bullish side for #BTC it’s just a matter of time to reach the 100k (whether you like it or not) the problem is what happens then. There are 2 different possible outcomes. First due to the fact that #BTC will be reaching 6 digita value for the first time it will go up (idk if skyrocketing) and people will try their best to maintain it above 100k so BTC will be always 6 digits value (also meaning those who take the bullish side will be happy) Or Second, as there is a lot of people with sale order on 100k BTC will just drop and maintain it’s value around 90k (creating an opportunity for the short sales) The fact that people says it won’t be reaching 100k means they don’t know what’s happening on the world, because those who know the reason about this pump up are the ones taking the biggest profits, so this being said I will highly recommend people to hold BTC until it reaches 100k but then take your decision and live with your consequences $BTC