After being close to reaching the impressive milestone of $100,000, it is common for investors to decide to take profits, which can trigger a market correction. $BTC 🚨
Moreover, many investors use leverage to increase their positions, which can lead to dramatic drops if the market moves against them! Bitcoin is famous for its high volatility, and that can result in significant price fluctuations!
Also, we cannot forget changes in regulatory policies that could negatively affect Bitcoin.
The sentiment of investors can change in the blink of an eye, impacting the price considerably.
The emergence of new cryptocurrencies and technologies could also divert attention and funds from Bitcoin.
Global economic or political events can greatly influence the cryptocurrency market! Some believe that certain players manipulate the market for their benefit. 📉
And if the adoption of Bitcoin does not meet high expectations, this could lead to a drop in price.
Finally, investors seeking safety may withdraw their capital from Bitcoin to safer assets!
When will it reach 100k? How will it continue?
