{"id":6139,"date":"2025-01-05T08:02:19","date_gmt":"2025-01-05T08:02:19","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=6139"},"modified":"2025-01-05T08:02:19","modified_gmt":"2025-01-05T08:02:19","slug":"bitcoin-below-100k-key-factors-holding-btc-back-and-potential-risks","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=6139","title":{"rendered":"Bitcoin Below $100K: Key Factors Holding BTC Back and Potential Risks"},"content":{"rendered":"
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Bitcoin\u2019s price recovered from the most substantial declines earlier this week that drove it to a monthly low but still struggles to return to six-digit territory.<\/p>\n

With the weekly close just hours away, here are the potential risks the cryptocurrency faces if it remains under this coveted level.<\/p>\n

BTC to Close Below $100K?<\/h2>\n

The last couple of weeks of 2024 were quite painful for BTC as its price dumped from its latest all-time high registered on December 17 of over $108,000 to $91,300<\/a> in days. The latter came on December 30 and marked the asset\u2019s lowest price point<\/a> in over a month.<\/p>\n

However, bitcoin reacted well to this correction and now sits above $98,000. This represents a 7.5% increase since that low. On a weekly scale, BTC is up by 3.5% compared to the valuation last Sunday.<\/p>\n

Perhaps the biggest factor holding bitcoin below $100,000 now is the \u2018stiff supply wall\u2019 that appears in its current levels. This means that a lot of investors have accumulated their BTC holdings at prices between $98,000 and $100,000, which essentially turns these levels into critical resistance lines, according to Ali Martinez.<\/p>\n

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#Bitcoin<\/a> $BTC<\/a> faces a stiff supply wall between $98,000 and $100,000 that is currently acting as resistance! pic.twitter.com\/GrDNNATLgT<\/a><\/p>\n

\u2014 Ali (@ali_charts) January 4, 2025<\/a><\/p>\n<\/blockquote>\n