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Bitcoin is just a step away from 0.1 million; when will it knock on the door again after the pullback?
The six-digit key level is a strong resistance level and a psychological selling point. However, even if the pullback deepens, analysts still expect bitcoin to surpass $0.1 million this year.
Latest crypto news | The market in the crypto circle fluctuates significantly, with bitcoin returning to $93,000; analysts say that $0.1 million is a psychologically significant sell-off point, and it is expected that bitcoin will break through $0.1 milli
StanChart's global head of digital assets research, Geoff Kendrick, stated that the recent BTC pullback is mainly influenced by changes in the US Treasury market. He explained that the drop in US Treasury yields has boosted market confidence, potentially temporarily weakening bitcoin's appeal as a hedge tool.
Express News | 21Shares crypto strategist: $0.1 million is a psychologically significant sell-off point, and bitcoin is expected to break through $0.1 million this year.
3 Things Every Crypto Investor Should Know About Ethereum
Ethereum's Next Move Remains Uncertain Amid Whale Sell-offs – What Next?
Ethereum surged 34% in November, with staking reaching an all-time high.
Prior to this, the price of ethereum has experienced months of fluctuations, and the withdrawal of ethereum staking for a period of time has recently turned into a record inflow.