bullish

Bitcoin

Coin

<ul class="wp-block-list news-points">
 <li>Bitcoin maintains bullish momentum above $90,000.</li>
 <li>Analyst assesses BTC’s potential to retrace before reaching $100K.</li>
 <li>Retracing before surging to $100K is not sacrosanct for Bitcoin.</li>
</ul>
Bitcoin (BTC) remains bullish despite retracing slightly from its new all-time high of $93,483. The cryptocurrency pulled back after reaching new heights but is holding above $90,000 amid speculation of a potential pullback before heading toward $100,000.
In a recent <a href="https://www.youtube.com/watch?v=OBfMy29kYwU" target="_blank" rel="noopener noreferrer nofollow">podcast</a>, a cryptocurrency analyst highlighted the potential implications of Bitcoin continuing upward without retesting recent support of around $87,000. The analyst explained the risks involved, citing Bitcoin’s potential to eventually drop to the identified support even after claiming the $100,000 landmark.
The analyst identified $100,000 as a psychological level where the cryptocurrency could experience a pullback. He believes that retesting the $87,000 support before surging to $100,000 would reduce Bitcoin’s retracement risk. A dip from the current price would allow bulls to reinvest and accumulate more.
<h2 class="wp-block-heading" id="h-bullish-sentiment-remains">Bullish Sentiment Remains</h2>
The crypto analyst believes the overall Bitcoin sentiment remains bulli…
The post <a href="https://coinedition.com/bitcoin-retraces-but-100k-still-possible-memecoins-to-rally/" rel="noopener noreferrer nofollow">Bitcoin Retraces, But $100K Still Possible, Memecoins to Rally?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin Retraces, But $100K Still Possible, Memecoins to Rally?

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