CandleFocus Bitcoin’s Next Move: Breaking $100K or Pulling Back to $85-90K?
2024-11-25
Author: Content Editor
Bitcoin (BTC) is struggling to break the $100,000 resistance level, but some altcoins have seen slight recoveries. Speculations suggest that Bitcoin may finally cross $100,000 in the next one to two weeks, but there are concerns about how steep the subsequent bear wave will be. Traders are particularly focused on a potential retracement after a break above $100,000, with a suggested correction level between $85,000 and $90,000. Meanwhile, altcoins are experiencing price appreciation, indicating investors are diversifying their portfolios and researching new altcoins while waiting for Bitcoin to surpass the resistance level. If Bitcoin reaches $100,000, altcoins could see further growth.
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