Why Bitcoin’s $100K Roadblock Could Trigger a Price Surge

Bitcoin price has hit reverse to upside after retesting the $91000 levels. An analyst explained the importance of the $86,000 to $85,000 price range. Bitcoin is now eyeing to break the $100k mark once again. Bitcoin has hit a major psychological roadblock, struggling to break past the $100,000 mark. After five failed attempts, it seems like it’s getting closer to finally holding above that level. Right now, Bitcoin is hovering around $96,000, but its next move will depend on what happens with the global economy. As the U.S. dollar strengthens and Treasury yields climb, Bitcoin is testing its $95,000 support. Meanwhile, broader markets are attempting a rebound. With the inauguration approaching, some experts anticipated a more bullish outlook. Is this a warning sign, or just a market reaction to uncertainty? In fact, Bitcoin has experienced similar dips before during bull markets, and each time, it has bounced back higher. If Bitcoin dips, it could actually be a good thing, because it would set the stage for a stronger rally once the dip is over. How Low Could Bitcoin Go? Bitcoin’s price has been trading sideways for a while, bouncing in a certai… The post Why Bitcoin’s $100K Roadblock Could Trigger a Price Surge appeared first on Coin Edition .