Why hasn't #Bitcoin reached 100 yet

robot
Abstract generation in progress

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.

SAO4.63%
BTC0.9%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)