Will we see Bitcoin at 100k today?
The long-standing psychological mark for the first cryptocurrency — those very 100k that were talked about back in the last cycle. Now it is becoming a reality.
If we set aside philosophy and loud words, and just look at the technical situation, I think we are approaching a liquidity and volatility buffer, where there will be a lot of stop orders, liquidations, and position fixes.
On one hand, some market participants will short from 100k, others will break out, and some will fix their long-term positions. Personally, I believe that upon breaking the 100k level, we will fly further up due to the triggering of stop orders from those trying to catch a bounce off this mark.
The price will be pushed as high as possible, and there will be a real acceleration — possibly even to levels of 105–107k. And from there, a good correction will begin. For altcoins, this situation will be unpleasant, but it's normal for the current cycle.
This is a natural movement: in a bullish phase, alts and Ether traditionally lag far behind BTC. Just hold your portfolios. Alts are at the bottom, and it will take time for liquidity to flow.
The market will reward those who know how to wait! Wishing everyone a bullish market!