Friends, this is space. Respectfully to the platform ⭐️Binance⭐️
Bitcoin (BTC) has recently surpassed the $100,000 mark, reaching $101,028, which is associated with expectations of reduced cryptocurrency regulation from the new administration and increased interest from institutional investors in spot Bitcoin ETFs.
However, the level at $100,000 represents psychological resistance, where long-term holders may take profits, making it difficult to sustain the price above this mark.
Forecasts for the coming week indicate a potential decline in the price of Bitcoin. Technical analysis suggests a bearish correction with a potential drop to the level of $92,820.
Thus, in the short term, a correction in the price of Bitcoin is expected, but long-term forecasts remain positive. #Binance!