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🟠 #BTC# started a correction: will it hold above $100,000? 💰
After the rapid rise of Bitcoin 🚀, when the price confidently surpassed the historical mark of $100,000 🪙, the market began to show signs of correction. What is happening, what to expect next, and what upcoming events may affect the BTC rate? Let's figure it out.
Reasons for the correction:
📊 Overheated market after rapid growth
💼 Profit taking by large investors (including institutions)
📉 The increase in bond yields in the US is pulling liquidity away.
🔮 Will BTC hold above $100,000?
The $100,000 level is not only a psychological barrier, but also a strong support zone 🔐. Maintaining this mark could be a key argument for the continuation of the bullish trend.
📌 Factors in favor of holding:
🏦 The increase in interest from institutional investors
📈 Bitcoin ETFs continue to increase their volumes
🌍 Geopolitical instability stimulates demand for "digital gold"
⚠️ Risks:
🐻 Bearish expectations due to possible tightening of the Fed's monetary policy
⚠️ Potential regulatory statements from the SEC or other authorities
🧠 Mass panic among retail investors as it falls below $100,000