Bitcoin has surpassed the $100,000 mark, but analysts are warning about potential market turbulence ahead. According to blockchain analytics firm Glassnode, the $39,000-$40,000 range has become the largest accumulation zone, acting as a key support if the price drops. The $62,000-$64,000 range has also been identified as a strong demand zone. However, below $96,000, there is weaker support and more volatility could occur if prices drop further. Some experts caution against setting unrealistic targets, citing previous disappointments in reaching the expected $100,000 peak. Bank of America strategist Michael Hartnett and Galaxy Digital's Mike Novogratz have also expressed concerns about potential market overheating and high leverage. The market's future remains uncertain, with factors such as economic trends, investor sentiment, and the political landscape playing a significant role.
- Content Editor ( crypto.news )
- 2024-12-06
As Bitcoin tops $100k analysts prepare for volatility and correction fears