🚀Bitcoin's $100,000 Battleground: Is the Market Being Manipulated? And Predictions for the Next Trend!
In the early hours of today, Bitcoin's price briefly fell to around $96,000. At the same time, from the recent market trends, it feels like the market is being manipulated by some force, especially when attempting to break the $100,000 barrier over the past few days, Bitcoin has repeatedly challenged this psychological price level and key technical resistance level, but has failed to break through successfully.
Some believe that Bitcoin breaking through $100,000 is only a matter of time, and this important threshold's breakthrough could lead to two scenarios: first, a rapid significant pullback after the breakthrough, potentially returning to $70,000 or $80,000, which is the gap position of CME futures; second, a direct breakthrough followed by a continued rise to $120,000 or even higher.
Of course, a third possibility is that Bitcoin truly breaks through $100,000 and oscillates around the $100,000 mark. However, differing opinions suggest that this possibility is relatively low, as there is a lot of long-position capital set at the $100,000 level to cash out and observe. At the same time, many short-term leveraged trading funds may be forced to close positions at this critical level of $100,000. Therefore, $100,000 has become a key battleground for both bulls and bears, as well as the market's focal point.
Viewpoint:
In this regard, it is believed that Bitcoin will break through $100,000 in the coming days; it is only a matter of time. Once it breaks the $100,000 barrier, it may trigger a liquidation of a large number of leveraged short positions, which could become a driving force for Bitcoin's further rise, potentially skyrocketing to $120,000 or even higher.
I want to remind everyone that in a bull market, there can still be pullbacks of 20% to 30%, so don’t assume that once it breaks $100,000, there won’t be any pullbacks. Therefore, for most people, maintaining a certain cash position to buy the dip during pullbacks will help stabilize your investment mindset.
Of course, everyone's situation is different. If you are fully invested and can still withstand a 20% to 30% market fluctuation, then choosing a long-term holding strategy is also reasonable in this major bull market.
