Based

bullish

Bitcoin

Resistance

<ul class="wp-block-list">
  
 <li>Bitcoin is nearing a potential breakout above $100K, with traders focused on this key resistance.</li>   
 <li>A correction to the $85,000-$90,000 range is considered a potential sweet spot if Bitcoin experiences a pullback.</li>   
 <li>While Bitcoin consolidates, altcoins are gaining momentum, leading to broader market growth.</li> 
</ul>   
<p>BTC has continued losing ground to the $100,000 resistance level although a few <a href="https://cryptonewsland.com/these-altcoins-will-surge-alongside-btc/" target="_blank" rel="noreferrer noopener">altcoins</a> have staged marginal comebacks in the last couple of days. The biggest digital currency is exhibiting bullish price patterns in the next one to two weeks and speculations are that Bitcoin will finally cross $100K. However, as is the case with many digital assets at present, the main question for buyers and sellers is how steep the bear wave will be after the possible upswing.</p>   
<h2 class="wp-block-heading" id="h-bitcoin-s-struggle-at-100k-resistance-with-likely-correction-range-85k-to-90k">Bitcoin’s Struggle at $100K Resistance with likely Correction Range: $85K to $90K</h2>   
<p>Currently, <a href="https://cryptonewsland.com/bitcoin-targets-180k-as-pro-crypto-policies-ignite-bullish-momentum/" target="_blank" rel="noreferrer noopener">Bitcoin</a> has faced pressure around the $ 100,000 price level, which is a level of resistance for the cryptocurrency. Despite having been fairly strong in the past weeks, this is a psychological level that many traders are keyed on. If Bitcoin gets over this level, it can potentially signal the starting point to a new price run.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/CryptoMichNL/status/1860964217236365763 
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</figure>   
<p>Based on that, after a potential break above $100K, traders are being very attentive to a retracement. Cryptocurrencies, especially Bitcoin, have always been labeled as having high volatility, and these corrections therefore are not out of place in the price fluctuations. The typical value suggested of between $85,000 and $90,000 has been described as the correction level at which buying could re-emerge.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-altcoins-outperforming-bitcoin-in-the-short-term">Altcoins Outperforming Bitcoin in the Short-Term</h2>   
<p>While Bitcoin is settling down; many of these Altcoins are now enjoying even more price appreciation much to the level and beyond Bitcoin appreciation. This can suggest that investors are expanding their investment portfolio while waiting for Bitcoin to cross the resistance level and at the same time researching on newly created altcoins.&nbsp;</p>   
<p>Based on this, if Bitcoin reaches $ 100,000 or more, altcoins will have further potential for growth due to general market bulls.When Bitcoin will be trading near $100K traders will be oriented at breakout signs. Despite such opportunities, the focus will be made on further cryptocurrency growth or short-term retracement.</p> 
<p>The post <a href="https://cryptonewsland.com/bitcoins-next-move-breaking-100k-or-pulling-back-to-85-90k/">Bitcoin’s Next Move: Breaking $100K or Pulling Back to $85-90K?</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Bitcoin’s Next Move: Breaking $100K or Pulling Back to $85-90K?

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