Bitcoin below 100k? Clear buying opportunity!
The $100k mark is a crucial psychological and technical level for Bitcoin. Just as 20k and 50k consolidated as support after previous highs, 100k could follow suit.
[Technical Rationale]
1️⃣ Market Psychology: Round numbers attract large buying and selling volumes, becoming key support and resistance zones.
2️⃣ Bitcoin History: In previous cycles, Bitcoin established new support at values previously considered high. Example:
✅ 2017-2018: 20k seemed like a top, but then became support.
✅ 2020-2021: Surpassing 20k, it never went back below.
✅ 2024-2025: The same could happen with 100k.
3️⃣ Limited Supply and Halving: With 21M BTC available and a reduction in issuance each cycle, scarcity strengthens appreciation.
4️⃣ Institutional Adoption: Large investors accumulate BTC, increasing demand and consolidating new supports.
🔍 How to validate this?
• Analyze previous Bitcoin cycles.
• Observe the entry of large players into the market.
• Consider the impact of halving on scarcity.
💡 While 100k is not consolidated as support, any value below it is an excellent buying opportunity!