100,000 USD has become an important psychological barrier for $BTC!!!
When Bitcoin breaks through this barrier, its attributes will be closer to traditional safe-haven assets like gold, attracting more people seeking asset preservation and appreciation to enter the market.
At the same time, this breakthrough will also bring new opportunities to the altcoin market.
The breakthrough of psychological barriers is often accompanied by a significant influx of funds.
These funds, while searching for new investment opportunities, will naturally pay attention to those altcoins that have innovation and substantial value.
Looking back at history, we can see that whenever Bitcoin breaks through important psychological barriers, it is often accompanied by a frenzy in altcoins.
For example, in March of this year, when Bitcoin broke its historical high, the entire cryptocurrency market seemed to welcome spring, with various altcoins blooming and competing to shine.
With changes in the market environment and fluctuations in investor sentiment, by mid-year, both liquidity and funding for altcoins showed a significant outflow, and the market fell into a brief silence.
In the face of this situation, the market not only needs to open the floodgates to stimulate liquidity but also needs to break through the literal barriers to reshape investor confidence.
Only by doing so can more funds be attracted to flow in, promoting the sustained healthy development of the market.
Altcoin Focus: DOGE BONK FLOKI
Now that Bitcoin is draining altcoins, when Bitcoin consolidates, altcoins will have their chance!
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