Why Bitcoin May Not Hit $100K

Bitcoin’s journey to $100K is facing major roadblocks. Here’s why:

Massive Sell Orders:

A significant number of sell orders are stacked near the $100K mark, creating heavy resistance. With fewer buyers in the market, breaking through this level seems unlikely.

Trader Fatigue:

Bitcoin has been stuck between $97K and $99K for several days. Frustrated long traders are starting to exit their positions, adding to the selling pressure.

Potential Dip Incoming:

This selling activity could push Bitcoin’s price down to $95K or even $90K before any attempt to reach $100K is made.

While $100K remains a psychological target, current market dynamics suggest it may take longer than anticipated to get there. Stay cautious.