Brother Kui will analyze a wave of Bitcoin...
Why is Bitcoin about to break through $100,000, with a peak of 99,588, but it is still standing still just a few hundred dollars away
First, the market is not ready. If it breaks through forcefully, it will be unhealthy and there will be a deeper correction. Look at the daily K-line rising for 9 consecutive days. Although it closed with a negative line for two days, there was no correction and decline. So it is definitely unhealthy to continue to rise like this.
Second, if Bitcoin breaks through $100,000, it will be a big news of the explosion of the entire financial market. Now all media are not ready. The main force will definitely not let Bitcoin pass $100,000 easily. When most media are ready and institutions are in place, Bitcoin will naturally break through $100,000.
Third, how much will it pull back this time and how long will it pull back? This is really difficult to judge. Brother Kui can only make a bold guess. 89,100 has formed an obvious small support. If this price does not fall below, there will not be a deep correction. I hope that Bitcoin can pull back for a longer time this time. It is perfect to fluctuate up and down for 10 days between 9.3 and 9.7, and then sprint to the $100,000 mark again after December 5.
By then, overwhelming news will be everywhere, and people will be making money everywhere. Everyone will believe that the bull market is really coming!!!
