Here’s why Bitcoin (BTC) may not cross $ 100K


The Cryptocurrency market has experienced increased volatility over the past month. Bitcoin (BTC) had an extremely hooked start at 2025. The world’s largest Cryptocurrency climbed all the way to an altitude of $ 109,114.88. But King Coin dipped to a low of $ 78 248.92 in no time and caused chaos over the ecosystem. While society is investing in getting big profits in the coming months, a prominent analyst suggests something else.

Also read: Microsoft (MSFT) stock is facing 20% ​​case, suggests analysts

Bitcoin is still under $ 100,000?

Bitcoin TjurebjörnBitcoin Tjurebjörn
Source: Watcher Guru
Source: Coinmarketcap

Bitcoin started February on a high of $ 102,514.17. But access soon fell to a low of $ 78,248.92. A downfall of this size came as a huge shock to the market. While the market was looking for signs of recovery, BTC is expected to continue to trade around its current price levels for some time.

Also read: Meta prepares $ 35B AI -Push? What it means for the stock

Third correction phase

According to an analyst at Cryptoquant, Bitcoin will enter the third corrective phase in its current bull bike. This began by the beginning of 2023. During this period, BTC is expected to trade between $ 80,000 and $ 100,000 in the next two to three months. This points to a time of consolidation before the possible future profits. Bull markets often experience these corrections, which provide market stability and speed.

Source: Cryptoquant

If the story repeats itself, the current correction may remain for another 2 to 3 months, with BTC between $ 80k and $ 100K. In this scenario, a decisive outbreak over $ 100K can highlight the end of the corrective phase and potentially knock the way for a rally at $ 130K.

Also read: BRICS: us to create trading as New Nation fears customs threats



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *