$BTC $BTC $BTC
š Bitcoin Nears $100K: Breaking the Barrier Could Be Just Around the Corner š
Bitcoin ($BTC) is getting closer to the long-awaited $100,000 mark, but frequent rejections at this level have kept traders cautious.
š Key Market Updates
1ļøā£ Huge Sell Walls at $100K
There are $300 million in sell orders around the $100K and $103K levels, as seen on Bitcoinās order book on Coinbase.
Analysts have noted that while there are more buy orders coming in, thereās still a lot of selling pressure around $100K.
2ļøā£ Opportunities to Buy on Dips
With Bitcoin ETFs inactive over the weekend, analysts like Material Indicators suggest we might see opportunities to buy Bitcoin during price dips as the sell walls weaken.
3ļøā£ Leverage Liquidations Risk
Liquidation maps from CoinGlass show a critical point at $99,500, where many highly-leveraged short positions are at risk of being liquidated.
A strong push from the futures or spot markets could clear these positions, making it easier to break through $100K.
š¬ What Do You Think?
Will Bitcoin push past $100K, or will the sell walls hold strong?
Let us know your price predictions in the comments below!
