CandleFocus Experts Warned: “Bitcoin is Very Close to $100,000, But…”
2024-11-29
Author: Content Editor
Analysts are warning that rising macroeconomic hurdles, particularly a strengthening U.S. dollar, could limit Bitcoin's price gains as it approaches the $100,000 milestone. Historical performance suggests that Bitcoin tends to underperform during periods of dollar strength, and a stronger dollar usually signals tighter global liquidity, which could be a drag on Bitcoin in the near term. Both the U.S. Federal Reserve's monetary policy and global developments, such as the potential rate hike by the Bank of Japan, could weigh on Bitcoin's performance. The path to $100,000 for Bitcoin may not be as smooth as some expect due to tightening liquidity conditions.
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