Why hasn't #Bitcoin reached 100 yet

AICoinOfficial

2024-11-29 02:22:27

SAO0,55%

BTC-1,09%

Why hasn’t #Bitcoin reached 100,000 USD yet?

On November 22, #BTC touched $99,800 but then fell sharply, causing many people to be disappointed and take profits at this time.

The price of Bitcoin around 90,000 USD is the level at which many investors choose to take profits, creating significant selling pressure in the market.

The market may have to go through a “chopsolidation” phase (a period of sideways movement after a strong price increase) before BTC can break through the $100,000 resistance level.

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