Bitcoin below $100K – How long before BTC climbs back to $108.5K?

Quick Summary:

Bitcoin faces increased selling pressure but retains the potential to rally to a $108,500 target if market sentiment improves.

If history repeats itself, the current sentiment could fuel a similar rally, pushing BTC into higher price regions beyond its current levels.

Van Straten noted that large investors, or whales, remain on the sidelines, holding significant liquidity as they wait for an ideal entry point.“Big players are waiting for the price and not chasing it.

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Article Details

Author / Journalist: Olayiwola Dolapo

Category: Crypto

Markets: United States

Topics: Social Bitcoin News Ambcrypto News 1 Trading View New news BTC Trading View

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-21 @ 00:00:29 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 530 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 24571737

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 17 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #103

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