Trade Nation senior market analyst David Morrison stated that while "$100,000" is a nice round number, it feels like this figure has become a high barrier, or even an obstacle, for Bitcoin investors to further profit. If Bitcoin starts to decline from now on, it may reflect everything the market presents, especially if long-term holders decide to cash out early. However, David Morrison also pointed out that Bitcoin's upward momentum is likely to gather enough energy to push the price past the $100,000 mark. Once that resistance level is broken, it could trigger another surge in Bitcoin.

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