$BTC hits $100K again, what comes next?
šIf Bitcoin hits $100K again, the next steps will largely depend on market dynamics, including sentiment, technical analysis, and macroeconomic factors.
ā Increased Momentum:
ā Breaking $100K would likely trigger FOMO (fear of missing out), with new retail and institutional investors entering the market.
ā A strong breakout could push Bitcoin to test higher resistance levels, such as $108,000 or even $126,000.
ā Psychological Impact:
ā $100K is a significant psychological level, and a break above it could increase confidence in Bitcoin as a store of value or a speculative asset.
ā Technical Targets:
ā Next resistance levels: $102,800, $105,350, and $110,000.
ā If momentum remains strong, Bitcoin could set a new all-time high (ATH) in the range of $120,000ā$150,000.
ā Altcoin Rally:
ā A Bitcoin rally could lead to an altcoin season, where other cryptocurrencies experience significant price increases.