Bitcoin is an inch closer To restore the level of $ 100,000, the currency trading at $ 98,407, according to CONINECKO data.
Earlier this Thursday, Bitcoin increased during the day 98,504 dollars after an increase in the price of 2.5 %.
The main cryptocurrency is now approaching the main horizontal resistance.
Over the past two weeks, the bulls have tried again and again and failed to get a foothold above the level of $ 98,000.
Bitcoin has not been traded above the level of $ 100,000 since February 7, prompting some speculation about whether the cryptocurrency rally has already been running out.
Related
The cryptocurrency reached a new summit of $ 109,356 on January 20 on the Bitstamp Stock Exchange. However, it has since witnessed 16 % painful correction.
like It was mentioned by u.todayThe JPMorgan banking giant recently expected that Bitcoin may face a significant correction due to the decline in demand for CME futures, indicating a decrease in institutional demand. Its analysts also indicated that there was no bullish stimulus in the short term.
“100 thousand dollars and the party begins”
However, some critics are more optimistic. The famous pseudonym believed that a large rally may start as soon as the cryptocurrency is crossed at the level of $ 100,000. However, market participants have warned that it is very early to celebrate now.
Earlier today, the famous merchant Bob Lucas also Propagate This bitcoin may leave the five -digit area forever.
Lucas recently stated that there was no reason to doubt the market because he seemed to be “preparing for great progress.”
