bitcoin above $100k, it is very clear that the alt market will soon follow. There is no single reason to why is Bitcoin going up today but its is a collective power of multiple factors. BTC is Expected to reach $120k soon, however rising RSI points towards a cool down. Also, the market tends to take advantage of such situations. People are going in with huge confidence & greed which is a great time for the market to rekt them. Just in the last one hour, over $130 million worth of funds were liquidated, most of which came in from shorts. The market takes some steps back in order to retest the support and if it fails to do so, the price can plummet under panic. We might see huge inflows into the Bitcoin etfs as well but investors should exercise caution.

#BTC100K #BTC100K! #BTC #ETH