BTC Approaches $100,000, What Happens After the Pullback?

On November 22, Bitcoin broke through $99,588, just one step away from $100,000, which led to a surge in the entire cryptocurrency market, with the total market capitalization exceeding $3.5 trillion for the first time, setting a new historical high, and Bitcoin's market share also exceeding 55%. At this point, market sentiment reached a greedy stage, and altcoins also surged, significantly increasing market activity.

However, just as everyone was in high spirits, Bitcoin experienced a pullback, dropping back to $92,600, causing many long positions to be liquidated. Meanwhile, the previously popular Meme projects also saw a decline in interest. Although many institutions are optimistic about the future, believing there is an 85% chance that Bitcoin will break $100,000 before the end of the year, some opinions warn that the market is too optimistic, and investors should not let their guard down.