Bitcoin's 100,000 mark faces resistance, and in the worst-case scenario, it could drop to 87,250.
In the cryptocurrency world, it's rare for prices to only go up without any drops. It's quite normal for a pullback to happen after a significant rise. Let's stay steady; I won't enter the market now. I will wait for a signal, which is when it breaks the previous high and reaffirms the upward trend, then I will enter on the right side.
For entering on the left side, it must fall to a key support level before I will enter, for example, making a small rebound around the small support of 94,800, then entering fully at 87,250. After all, contracts are leveraged; if there is no confirmed trend or if you're not opening positions at support points, it can easily lead to issues.
From a long-term perspective, Bitcoin pullbacks are temporary. 100,000 is just the starting point, and a range of 120,000 to 140,000 by January next year aligns with my expectations. The same goes for various altcoins; there will be more significant increases later, but you need to wait for Bitcoin's current consolidation to end before it can continue to soar. The bull market is expected to last nearly a year, so be a bit more patient and walk with me to the end.
