bullish

Bitcoin

when

Reserve

Carol Alexander, a cryptocurrency expert and professor at the University of Sussex, remains bullish on Bitcoin’s direction and predicts that BTC will reach $100,000.
Speaking about recent market dynamics, Alexander noted that Bitcoin's occasional sharp price fluctuations are typical and do not diminish its long-term potential.
“I’m not sure right now because it was down 5% yesterday, which is not unusual for Bitcoin,” Alexander said, explaining that Bitcoin’s highly leveraged trading environment often leads to significant price swings.
“There were a lot of long positions liquidated yesterday,” he noted. Liquidations occur when leveraged positions are automatically closed when their margins reach zero, which leads to a cascading effect. “On some unregulated exchanges, you can have leverage as high as a hundred times. So, as those positions are liquidated, you see these cascading liquidations,” he added.
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Despite this, Alexander pointed out that the leverage ratio remained high on both the long and short sides of the market, indicating that trader activity continued.
Alexander pointed to $92,000 as a critical support level for Bitcoin, warning that the cryptocurrency could delay its march to $100,000 if it falls below that threshold. However, he suggested that the turning point could line up with a major political or market event.
“If it falls below that, then I think maybe we should wait until the inauguration,” he said, referring to January 20. Alexander suggested that “the powers that be” could time Bitcoin to hit $100,000 by then.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/prominent-professor-predicted-when-the-100000-level-will-come-in-bitcoin/" rel="noopener noreferrer nofollow">Prominent Professor Predicted When the $100,000 Level Will Come in Bitcoin</a>

Prominent Professor Predicted When the $100,000 Level Will Come in Bitcoin

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