The price of BTC tends to contradict expectations, often falling when anticipated to rise; achieving $100k might face significant sell pressure as traders cash out.
Since Trump’s re-election, Bitcoin has faced minimal sell pressure, driving prices to new all-time highs, suggesting a potential approach to the long-sought $100,000 mark.
Bitcoin's price movement has been rapid, exceeding expectations as it climbs past $18,800, leading many in the cryptocurrency community to believe we’re nearing the $100,000 target.
Despite the price momentum, achieving the $100,000 benchmark could be challenging due to anticipated profit-taking by traders and ETF buyers, complicating the upward trajectory.
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