In recent days, Bitcoin (BTC) has consistently traded above the $100,000 mark. This situation raises both optimism and concerns among investors.
Bitcoin and Market Selling Pressure
Over the past week, Bitcoin has maintained its position above $100,000, marking its longest streak above this psychological level. However, amidst the recent rally, signs of selling pressure are emerging. Investors who jumped in based on 'fear of missing out' (FOMO) may start dumping as prices fluctuate. Reports indicate that Bitcoin worth $103 million hit the market recently, reflecting increasing selling pressure.
Market Outlook for Cryptocurrencies
Bitcoin has identified a resistance level at $103,000, attracting trader interest. The current situation may lead to further price decline. If selling increases, the $100,000 mark may be breached, raising concerns among market participants.
Bitcoin's Future Through End of 2025
Despite short-term risks, long-term optimism for Bitcoin remains. Polymarket forecasts suggest a potential price of $130,000 by the end of 2025, with an 18% chance of reaching $200,000. Interest in Bitcoin as the first macro asset in 150 years continues to grow.
The current market situation for Bitcoin is complex. While short-term prospects may raise concerns, long-term forecasts remain positive.
