#BTCBackto100K Bitcoin has indeed smashed through the $100,000 mark and is currently trading around $104,798.86, with a 1.15% increase. The crypto world is buzzing with excitement, and many are wondering what's next.
*Key Levels to Watch:*
- *Support Levels:* $102,824, indicating buyer interest at lower levels
- *Resistance Ahead:* $103,954, a decisive move above which could signal a new upward trend
*Expert Predictions:*
- Some analysts anticipate a potential rise to $106,000, $110,000, or even $120,000, driven by ETF momentum, institutional adoption, and halving scarcity
- Others predict a short-term cooldown or correction, citing strong resistance at $105,500 and potential profit-taking dips near all-time highs
*Market Sentiment:*
- Investor confidence remains high, with many viewing this period as a strategic accumulation phase
- Bulls are in control, with a strong bias toward buying dips and riding the trend
*What's Next?*
The market looks slightly bullish, with a higher probability of Bitcoin moving up to $105,000 first to grab shorts' liquidity. However, a drop toward $101,000 is still possible if there's a strong rejection or negative catalyst.¹