Start investing in cryptocurrency： Binance register
David Morrison, Senior Market Analyst at Trade Nation, has weighed in on Bitcoin’s price movement, suggesting that while the $100,000 mark is a significant milestone, it could also pose a major hurdle for investors looking to profit further. According to Morrison, this round figure has become somewhat of a psychological barrier for Bitcoin investors, and if the cryptocurrency starts to dip, it might be seen as the market reaching its peak—especially if long-term holders decide to cash out early.
However, Morrison also points out that Bitcoin could still have enough upward momentum to break through the $100,000 resistance. If this happens, the $100,000 level could actually act as a catalyst, pushing the price even higher. “Once this resistance is broken, it could trigger a new wave of buying that drives the price further up,” Morrison said.