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Bitcoin risks not holding the 100k?

Author: Content Editor
The price of Bitcoin fell below $100k for the first time since December 13th, prompting speculation about its future. The article discusses the significance of the $100k threshold and how it has been a target since 2021. It also mentions the impact of China's ban on Bitcoin trading and how it affected market conditions. The author suggests that if Chinese capital had not disappeared, Bitcoin may have reached $100k earlier. The article also mentions the influence of the US presidential elections on Bitcoin prices and the re-entry of Chinese capital into the market. The recent drop below $100k is attributed to the change in perspective regarding interest rate cut estimates by the US Federal Reserve. However, the author suggests that the American markets may become more optimistic again, leading to a possible upward trend in Bitcoin prices. The article also discusses other factors that could influence Bitcoin's price, such as the postponement of profitable sales and the potential fall of the Dollar Index in the next twelve months.

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