"Currently, $100,000 the key battleground between the Bitcoin buyers and sellers. Because it has so many zeros, the $100,000 price level has an emotional significance and is, without a doubt, being closely monitored by cryptocurrency traders. From January through early November of this year, Bitcoin's path to $100,000 has been wild and sometime unnerving. The BTC price started off 2025 near $100,000, then dipped to $75,000, rallied to $126,000 in early October."
"However, Bitcoin buyers hoping that October would be "Up-tober" were disappointed. In recent weeks, the BTC price has fallen back to $100,000, marking a round trip from the beginning of the year. Future price predictions are all over the map, with Standard Chartered analyst Geoffrey Kendrick evidently in the bullish camp. Not long ago, Kendrick proclaimed that Bitcoin's recent dip under $100,000 may be the "last one ever.""
Crypto winter has arrived after a red-hot summer, and Bitcoin returned to headlines as the BTC price moved rapidly but not always upward. BTC recently touched $100,000, positioning it midway between $75,000 and $125,000 and prompting questions about whether buyers should buy the dip or brace for lower prices. The $100,000 level functions as an emotional battleground closely watched by traders. Bitcoin started 2025 near $100,000, fell to $75,000, then rallied to $126,000 in early October before retreating to $100,000. Some analysts, like Geoffrey Kendrick, remain bullish and view dips under $100,000 as potentially final, while macro factors such as a U.S. government shutdown and dollar strength add bearish pressure.
Read at 24/7 Wall St.
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