Why #Bitcoin May Not Hit $100K đąâ ïž
Bitcoinâs journey to $100K is facing major roadblocks. Hereâs why:
Massive Sell Orders:
A significant number of sell orders are stacked near the $100K mark, creating heavy resistance. With fewer buyers in the market, breaking through this level seems unlikely.
Trader Fatigue:
Bitcoin has been stuck between $97K and $99K for several days. Frustrated long traders are starting to exit their positions, adding to the selling pressure.
Potential Dip Incoming:
This selling activity could push Bitcoinâs price down to $95K or even $90K before any attempt to reach $100K is made.
While $100K remains a psychological target, current market dynamics suggest it may take longer than anticipated to get there. Stay cautious.