What $99K Means for Investors
Short-term: The breakout is thrilling, but traders should stay vigilant. Overbought indicators (RSI above 70) suggest profit-taking and volatility could follow. In practice, $99K may become a new support if buyers defend it, or a knee-jerk pullback may test ~$97K levels first.
Long-term: This milestone underscores Bitcoin’s maturing role. With its fixed supply and appeal as an inflation hedge now backed by huge institutional investments many experts see far higher highs ahead. As 99Bitcoins notes, for long-term investors “ignoring Bitcoin completely might no longer be the conservative choice”. In other words, a small BTC allocation may be prudent, as traditional finance increasingly treats crypto as a legit asset.
