Bitcoin sellers take the upper hand as BTC struggles to rally to $100,000. What will altcoins do?
Bitcoin (BTC) pulled back below $96,000 on Nov. 24, suggesting that short-term traders are booking profits near $100,000. Corrections are a part and parcel of every bull phase, where newbie traders panic, but experienced traders view the dips as a buying opportunity.
The prediction markets are projecting a breakout above $100,000 in 2024. Data from betting platform Kalshi suggests an 81% possibility of Bitcoin being at $100,000 or higher on Dec. 31. The median forecast is for Bitcoin to reach $122,000 by the new year.
Crypto market data daily view. Source: Coin360
