Bitcoin Faces Key $100K Resistance Amid Market Challenges

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Bitcoin Faces Key $100K Resistance Amid Market Challenges Bitcoin (BTC) is encountering strong resistance at $100,000, according to Bloomberg’s Mike McGlone, as broader economic factors and Federal Reserve rate expectations weigh on market sentiment.

BTC, which previously peaked at $108,000 in December 2024, has experienced a near-15% drawdown, reflecting the impact of shifting macroeconomic conditions.

However, he notes increasing competition from gold, which has been outperforming equities in recent months.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: BITCOIN Bitcoin 100K resistance Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-17 @ 15:36:15 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 302 words

Reading Time: 2 minutes read

Sentences: 37 lines

Sentence Length: 9 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 25221448

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 35 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #121

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