Is Bitcoin's return to the $100K level the start of a new rally or just a temporary consolidation?
This price zone is a critical juncture for $BTC
Market sentiment among retail investors is cautiously optimistic, with many hoping this is the beginning of a new upward trend.
Institutional investors seem to be taking a more measured approach, waiting to see how the market develops before making their next move.
Historically, when #BTC has approached or surpassed major price milestones, we've seen a mix of outcomes.
In 2021, the cryptocurrency surged past $64K, only to experience a significant correction.
In 2017, Bitcoin's break above $10K marked the beginning of a prolonged rally.
So what's the best strategy for investors right now?
Holding on to Bitcoin could be a good option if you believe in its long-term potential, but it's essential to be prepared for potential volatility.
Trading could be a viable option for those who can time the market correctly, but it's not for the faint of heart.
The $100K level is a #BitcoinKeyZone that demands attention, so stay sharp on whatever strategy you choose.