Trader says Bitcoin’s bull run ends if BTC falls under $100,000, warning that losing this key level would trigger broad selling and shift markets into prolonged consolidation.
Bitcoin eyes $100K as widening U.S. trade deficit and Chinese banking turmoil spur safe-haven demand, prompting investors to shift capital toward crypto amid rising global financial stress.
As Bitcoin approaches the critical $100K level, market analysts are scrutinizing its potential for a retest versus achieving the highest monthly close ever. This week’s developments may determine the leading cryptocurrency’s trajectory amid growing investor interest.
A leading figure in the Bitcoin world has bet a surprising sum of money that the currency will hit $100K before its next halving, an event expected to take place in May 2020.