• Latest
  • Trending
Bitcoin At $100k Presents Psychological Resistance

Bitcoin At $100k Presents Psychological Resistance

November 23, 2024
Robinhood Launches Micro Bitcoin, Solana and XRP Futures Contracts

Robinhood Launches Micro Bitcoin, Solana and XRP Futures Contracts

June 28, 2025
Gemini Files Confidential IPO Amid Crypto Market Revival

Decline by Over 7% Amid New Tokenized Equities Launch

June 28, 2025
Analyst Says SUI Price Could Fall To $1.6 — Here’s Why

Cardano Price Woes To Continue? Analyst Expects ADA To Fall To $0.47

June 28, 2025
Coinbase lands on TIME’s top 100 companies list

Coinbase lands on TIME’s top 100 companies list

June 28, 2025
What’s next for SEI after reclaiming $0.30? Check forecast

What’s next for SEI after reclaiming $0.30? Check forecast

June 28, 2025
$723,000,000 in Cardano Open Interest, Bulls Not Fully Activated

$723,000,000 in Cardano Open Interest, Bulls Not Fully Activated

June 28, 2025
Coinbase, BiT Global End Legal Fight Over WBTC Delisting

Coinbase Outpaces S&P 500 With 43% June Rise as Stablecoin Narrative Grows: CNBC

June 28, 2025
Up 13% Amid Delayed Payments and FCC Spectrum Tensions

Up 13% Amid Delayed Payments and FCC Spectrum Tensions

June 28, 2025
Starknet hits ‘Stage 1’ decentralization, tops ZK-rollups for value locked

Emerging Economies Have Sparked Crypto’s Most Important Retail Revolution Yet.

June 28, 2025
  • Privacy Policy
Saturday, June 28, 2025
MtRushmoreCrypto - Where Crypto Rocks
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Logo
No Result
View All Result
Home Crypto

Bitcoin At $100k Presents Psychological Resistance

J_News by J_News
November 23, 2024
in Crypto, Top News
0
Bitcoin At $100k Presents Psychological Resistance
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter



Este artículo también está disponible en español.

Despite heightened expectations for the Bitcoin price to hit the $100,000 milestone, a crypto analyst has surmised that this key target could present psychological resistance for the pioneer cryptocurrency. Amidst this bearish warning, the coin’s price’s continued upward movement towards the elusive $100,000 mark has become the center of attention in the crypto community.  

Related articles

Robinhood Launches Micro Bitcoin, Solana and XRP Futures Contracts

Robinhood Launches Micro Bitcoin, Solana and XRP Futures Contracts

June 28, 2025
Gemini Files Confidential IPO Amid Crypto Market Revival

Decline by Over 7% Amid New Tokenized Equities Launch

June 28, 2025

Related Reading

$100,000 Bitcoin Price As A Psychological Resistance 

Crypto analyst Gert van Lagen recently took to X (formerly Twitter) to announce to his 108,000 followers that the Bitcoin price is approaching the $100,000 all time high. The analyst has suggested that its climb to $100,000 would be like hitting major price levels of $10, $100, and $10,000 for the first time. 

According to Lagen, the $100,000 milestone is set to present a psychological resistance for Bitcoin, potentially leading to short-term price volatility. Based on the analyst’s statements, this psychological resistance could temporarily stall the crypto’s rally above $100,000. 

While sharing this bearish warning, Lagen also issued a bullish forecast for Bitcoin, highlighting that a surge to the target zone of $220,000 to $320,000 was likely before the global recession set in. While this prediction could be well received by BTC if it continues on its bullish momentum, the analyst has asserted that the timeline to reach these heights may be limited. 

BTCUSD is currently trading at $98,479. Chart: TradingView

In preparation for the projected Bitcoin psychological barrier, Lagen has advised crypto investors to short their BTC at the $100,000 mark. Traders who leverage this strategy will have to bet on the possibility of a price correction in Bitcoin before it experiences any significant breakout to the upside. 

With Bitcoin approaching the $100,000 price level, the stakes are getting higher, as analysts believe that this key milestone could serve as a launch pad to propel the cryptocurrency to a price top. For now, the price is trading at $98,560, marking a 7.63% increase in the last seven days as bullish sentiment and momentum continue to grow.  

Massive Liquidation To Follow If BTC Hits $100,000 

Although the crypto market is anticipating Bitcoin’s price rise to $100,000, a prominent analyst has revealed that massive liquidation could be triggered once BTC reaches this fundamental level. According to Ali Martinez, $1.89 billion is set to be liquidated if Bitcoin jumps to the $100,625 level. 

Based on the analyst’s chart, this Bitcoin liquidation represents its “cumulative short liquidation leverage.” This analysis follows reports of a large-scale Bitcoin liquidation, as Martinez recently revealed that a whopping 65,000 BTC, valued at $6.37 billion, was withdrawn from exchanges. 

Related Reading

Martinez has also revealed that Bitcoin’s TD Sequential is flashing a sell signal on its 4-hour chart. Given this, the analyst has predicted a significant correction to the $97,085 mark. On the flip side, the analyst has disclosed that if Bitcoin can hold a candlestick above $100,470, it would invalidate the bearish formation and potentially propel its price towards $102,656 or $104,343.

 

Featured image from Pexels, chart from TradingView



Source link

ShareTweetShareShare

Related Posts

Robinhood Launches Micro Bitcoin, Solana and XRP Futures Contracts

Robinhood Launches Micro Bitcoin, Solana and XRP Futures Contracts

by J_News
June 28, 2025
0

Robinhood (HOOD) has introduced micro futures on bitcoin , solana and XRP in the United States., expanding its existing crypto...

Gemini Files Confidential IPO Amid Crypto Market Revival

Decline by Over 7% Amid New Tokenized Equities Launch

by J_News
June 28, 2025
0

TLDR Gemini’s stock dives 7% despite launching tokenized U.S. stocks. New tokenized MicroStrategy shares aim to globalize U.S. market access....

Analyst Says SUI Price Could Fall To $1.6 — Here’s Why

Cardano Price Woes To Continue? Analyst Expects ADA To Fall To $0.47

by J_News
June 28, 2025
0

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was...

Coinbase lands on TIME’s top 100 companies list

Coinbase lands on TIME’s top 100 companies list

by J_News
June 28, 2025
0

Crypto exchange Coinbase landed on TIME's 100 Most Influential Companies in 2025 list as a "disruptor" after the company was...

What’s next for SEI after reclaiming $0.30? Check forecast

What’s next for SEI after reclaiming $0.30? Check forecast

by J_News
June 28, 2025
0

Key takeaways SEI has reclaimed the $0.30 psychological level, paving the way for further rally. The positive performance comes despite...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

Top 10 NFTs to Watch in 2025 for High-Return Investments

Top 10 NFT Games with the Biggest Earning Potential in 2025

8 Top Crypto Fundraising Ideas Best for Startups

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog