Hello traders, how are you all doing? The moment we have all been waiting for has finally come. After teasing for some time, Bitcoin has finally hit $100,000 and crossed the so-called psychological number. It changed so many things for crypto people. The main thing that has changed is the meme where people used to post photos of luxury cars or big mansions with captions like, “Me when BTC will reach $100K” or “I won’t tell anyone that I made it when BTC goes to $100K, but there will be hints.”
The memes are still the same, but the $100K figure has now turned into $1 million.
In this blog, we will explore possible price action scenarios for Bitcoin and how market participants are likely to react in the coming days.
When BTC reached $100,000, it was huge news all over the world. It has become mainstream, and from crypto people to finance people, Bitcoin made its name among the general public as well.
This brings a lot of euphoria to the market because many people who weren’t aware of Bitcoin or the crypto market are now interested and looking to invest in it.
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