๐ $BTC started correction: will it hold above $100,000? ๐ฐ
After the rapid growth of bitcoin ๐, when the price confidently overcame the historical mark of $100,000 , the market began to show signs of correction. What is going on, what to expect next and what upcoming events may affect the BTC rate? Let's get to the bottom of it.
Reasons for the correction:
๐ Overheated market after rapid growth
๐ผ Profit taking by large investors (including institutional investors)
๐ Rising US bond yields pulling away liquidity
๐ฎ Will BTC hold above $100,000?
The $100,000 level is now not only a psychological barrier but also a strong support zone ๐. Holding this mark could be a key argument in favor of the continuation of the bullish trend.
๐ Factors in favor of holding:
๐ฆ Growing interest from institutional investors
๐ ETFs on bitcoin continue to increase in volume
๐ Geopolitical instability drives demand for digital gold
โ ๏ธ Risks:
๐ป Bearish expectations due to possible Fed monetary policy tightening
โ ๏ธ Potential regulatory announcements from SEC or other bodies
๐ง Mass panic among retail investors if the stock falls below $100,000
