Why Is Bitcoin Stuck At ~$100K?
Why does Bitcoin’s price feel “stuck” at ~$100k?
Are we experiencing another double top like in 2021?
Here’s what’s likely happening in 60 seconds or less 👇
Why is Bitcoin’s price stuck?
We’re experiencing:
• Billions in ETF inflows
• Treasury companies are buying
• The supply of newly mined BTC pales in comparison
Something isn’t adding up.
Some people are pointing the finger at paper BTC suppressing prices.
Although there’s an element of truth to this claim, that isn’t the full story.
What we’re actually experiencing is two things:
1 – The psychological impact of “$100k $BTC”
2 – Global liquidity
Let’s unpack both 👇
1 – $100k Bitcoin
$100,000 Bitcoin isn’t just another number.
It’s been a milestone for many investors for years.
Tons of investors arbitrarily decided they would take some lifestyle chips off the table at $100k.
There are enough whales in this pile to somewhat …
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