Bitcoin price to $ 100,000 could start raising profits, analysts warn

How Bitcoin approaches $ 100,000, market observers predict short-term consolidation, although sequential posturance property is likely to continue.

Bitcoin (Btc) The price returned to $ 100,000 could submit a “short-term consolidation”, analysts warn, although long-term cryptocurrency prospects remain positive. Although key psychological levels often lead to taking profits, analysts indicate gold to new time as a sign of increasing momentum for alternative assets.

Analysts on Matrixport noted that the transition to the village of approval in summer 2023. year, when gold previously previously, as it was increasingly observed as a form of “digital gold”, a narrative popularized by a narrative popularized investment company Balkrock.

“Regardless narrative, gold and Bitcoin are ready to grow as alternative means of swinging. While gold at $ 3,000 or Bitcoin to $ 100,000 – could run short-term consolidation, wider postrand probably still intact.”

Markus Thielen, Independent Analyst

As a cripto.news explained Earlier, Bitcoin now faces two potential risks and two occasions. First, there are signs that the sense of investors remain fear.

While the index of fear and greed moved from the extreme fear zone (18), still seated in the fear in 22. Historical, Bitcoin and other cryptocurries make better when the index is in the greedy zone. This continuous fear is reflected in Bitcoin agreements, which is in Bitcoin, who agreed to go from $ 153 million, bringing over the weekly outflows to $ 870 million. These funds have experienced outflows of five consecutive weeks.

Second, Bitcoin formed the cross of death as a 50-day and 200-day weighted transition average crossed, signaling potential downsion.