CandleFocus

Volatility expected as Bitcoin nears $100k: OKX CMO

Author: Content Editor
Haider Rafique, the Global Chief Marketing Officer at OKX, has warned of increased volatility as Bitcoin approaches the $100,000 mark. The recent pullback in Bitcoin's price was triggered by profit-taking among long-term holders who have seen significant returns on their investments. While there may be short-term price corrections, market experts believe that these dips will present buying opportunities rather than triggers for panic selling. Institutions like MicroStrategy continue to accumulate Bitcoin, reducing available liquidity and putting upward pressure on prices. However, as Bitcoin approaches key thresholds, there is a possibility of heightened volatility and rapid price swings in both directions.

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