$100,000 creates psychological resistance for BTC

The price level of $100,000 is expected to create strong psychological resistance for Bitcoin, similar to previous price levels such as $10, $100, and $10,000. According to analyst Gert van Lagen, as Bitcoin approaches this level, it may cause short-term price volatility due to market reactions. The current overall sentiment is dominated by FOMO (Fear of Missing Out), making investors optimistic about the possibility of Bitcoin reaching this milestone, especially after the cryptocurrency has continually set new all-time high prices recently.

In fact, the price of Bitcoin has skyrocketed, from around $42,000 at the beginning of the year to nearly $100,000 in a short period after Donald Trump was re-elected President. Many analysts also predict that Bitcoin could surpass the $100,000 mark in the near future, but they also warn about the possibility of price corrections if greed sentiment continues to remain high. Therefore, investors should be cautious and consider their investment strategies in the current market context.