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Analyst: $100,000 May Be a High Barrier or Even an Obstacle for Further BTC Gains

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David Morrison, Senior Market Analyst at Trade Nation, has suggested that while “$100,000” represents an attractive round number for Bitcoin’s price, it may also serve as a significant barrier—or even an obstacle—for investors seeking further gains. According to Morrison, if Bitcoin’s price begins to decline from its current levels, it could signal that the market has already reached its peak, especially if long-term holders decide to cash out early.

However, Morrison also highlighted the possibility that Bitcoin’s upward momentum could gather enough strength to push through the $100,000 threshold. Should this resistance level be breached, it could act as a catalyst for further price increases, potentially driving Bitcoin to new heights.

Disclaimer: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.

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