Can Bitcoin Break Through the $100,000 Barrier?

As Bitcoin struggles to break through the $100,000 barrier, some bulls are beginning to express doubts. With Bitcoin's price stabilizing, interest in other digital assets is rising, such as the second-largest cryptocurrency Ethereum and XRP, which lagged behind Bitcoin after President Trump's victory.

Participants in the crypto options market have started to increase their bearish protection on Bitcoin, while the leverage on Bitcoin futures remains moderate, but the BTC price has remained calm after breaking the $99,000 mark.

Currently, approximately $2 billion worth of Bitcoin has been transferred from the U.S. government wallet to Coinbase exchange; this Bitcoin was seized by the U.S. from the dark web “Silk Road.”

Various signs indicate that BTC will experience a correction cycle in the short term.