Bitcoin is blocked from reaching 100,000. What will happen next? On January 6, after the price of the currency rose for 6 consecutive days, it was a little hesitant today.

Bitcoin has been rising in the past few days. From New Year's Day to yesterday, it has risen by more than 5%, and the amplitude is also 11%. Today it rushed to 99924 again, almost breaking 100,000, but there were some pullbacks afterwards. From the 5-minute K-line, there is some support near 99400. If this support can hold, it should be able to move above 100,000 in the short term.

However, in the overall situation, if Bitcoin cannot stand at 100,000, it is likely to fluctuate between 91500 and 100,000. This rebound is not strong enough, and it is still far from breaking through the historical high. There is not enough time and space. If the 100,000 mark is lost, it may fall back to around 97,000.

Therefore, the key now is to see how to break through the 100,000 point. If a big positive line cannot break through strongly, you may have to consider shorting later. It is very important to observe the K-line pattern at the time of the breakthrough, which can give us a lot of operation signals.

Today, the performance of altcoins is average, and they did not follow the rise of Bitcoin. I guess everyone is watching whether Bitcoin can break through 100,000, and the confidence in its strong breakthrough seems to be insufficient. Everyone is waiting and watching, and this market is also quite interesting. Next, we will continue to pay attention to the 100,000 point and see what will happen next. Cautious operation is the kingly way. #BTC☀