#Bitcoin Nears All-Time High#
Hot Topic Overview
Overview
Bitcoin is currently approaching its all-time high, but there are risks of a correction in the market. Keith Alan, co-founder of trading platform Material Indicators, said that Bitcoin could pull back to $100,000 in the short term as the buy orders that have been supporting Bitcoin prices are removed. Analyst Rekt Capital pointed out that if Bitcoin closes above the $106,000 resistance level and successfully retests, it could push prices to a new all-time high. Markus Thielen of 10x Research predicts that Bitcoin prices could reach $122,000 in February, but will then face "another consolidation".
Ace Hot Topic Analysis
Analysis
Bitcoin has recently approached its all-time high, drawing market attention. Keith Alan, co-founder of trading platform Material Indicators, believes that Bitcoin could pull back to $100,000 in the near term due to the removal of buy orders supporting Bitcoin's price. Analyst Rekt Capital pointed out that if Bitcoin closes above the $106,000 resistance level on a daily chart and successfully retests it, it could drive prices to a new all-time high. Markus Thielen of 10x Research predicts that Bitcoin is currently fluctuating at $18,000 and forecasts that Bitcoin could reach $122,000 by February. However, Bitcoin has currently broken below the $104,000 level, down 0.45% in the past 24 hours, with significant market volatility. Despite this, some analysts remain bullish on Bitcoin's future prospects, believing that it has the potential to break through its all-time high.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin is approaching an all-time high, but may pull back to $100,000
Bitcoin prices are volatile and may consolidate in the short term
Bitcoin prices could reach $122,000 in February
ETH's market cap share is declining, but prices are still trending upwards