Bitcoin

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>CryptoQuant analyst Ki Young advises buying Bitcoin at $100K, predicting a surge to $145K.</li> 
 <li>Bitcoin’s open positions over the past week show a concentration at the $100,480 price level, indicating it as a key area for traders.</li> 
</ul>  
<p>CryptoQuant analyst Ki Young recently suggested that purchasing <a href="https://coineagle.com/price/bitcoin/">Bitcoin</a> at $100K could be a wise move for investors. </p> 
<p> The suggestion comes in anticipation of Bitcoin’s possible rise to $145K. </p> 
<h2 id="why-100k-is-a-crucial-level-for-bitcoin">Why $100K is a Crucial Level for Bitcoin</h2> 
<p>Recent analysis of Bitcoin’s open positions over the past week has shown a concentration at the $100,480 price level. </p> 
<p> This specific point registered the highest number of open contracts, indicating it as a pivotal area for Bitcoin’s price movement. </p> 
<p> The concentration of open positions could serve as either support or resistance, potentially influencing Bitcoin’s price movement if tested. </p> 
<p>Further analysis indicated that the price remained below the previous day’s high at $101,888. </p> 
<p> This level, along with the high-leverage short liquidity levels, formed a resistance area which Bitcoin briefly approached before retracing. </p> 
<h2 id="bitcoin-s-price-prediction">Bitcoin’s Price Prediction</h2> 
<p>After consolidating for eight months, Bitcoin embarked on a significant ascent, serving as a buildup before experiencing a breakout. </p> 
<p> Such patterns historically suggest potential further gains, leading analysts to speculate that Bitcoin could climb towards $145K and perhaps even reach as high as $160K in this cycle. </p> 
<p>Bitcoin’s steep uptrend reinforced the sentiment that its previous long-term consolidation was a prelude to more significant gains. </p> 
<p> Bitcoin could either test resistance levels or establish new support zones, both crucial for its pathway to potentially reach $160,000. </p>

Considering Bitcoin Purchase at $100K? Here’s What An Analyst Suggests You Evaluate First!

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CoinEagle.com

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