Bitcoin Faces Potential Decline to $100,000 Amid Altcoin Breakout Possibilities
The post Bitcoin Faces Potential Decline to $100,000 Amid Altcoin Breakout Possibilities appeared on BitcoinEthereumNews.com.
Bitcoin faces a critical test near $105,000 as bulls and bears vie for control, while select altcoins demonstrate promising breakout potential. Market dynamics show Bitcoin’s liquid supply shrinking due to institutional adoption, potentially setting the stage for increased volatility and demand shocks. According to COINOTAG analyst Willy Woo, while short-term buying above $100,000 may be risky, Bitcoin remains a top long-term investment prospect over the next decade. Bitcoin battles resistance at $105K amid shrinking supply; altcoins like Ether and BNB show breakout potential, signaling key market shifts in crypto assets. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Bitcoin’s Critical Resistance at $105,000 Signals Market Uncertainty Bitcoin’s price action near the $105,000 mark reveals a tug-of-war between bullish momentum and bearish pressure. The inability of buyers to sustain gains above this level on June 3 indicates a tentative market sentiment. Analysts highlight the importance of the 20-day exponential moving average (EMA) as a pivotal technical barrier. A decisive break above $106,800 could catalyze a rally toward the $110,000 zone, while failure to hold above $103,000 may expose Bitcoin to a correction down to the psychologically significant $100,000 support. This juncture underscores the delicate balance in Bitcoin’s price trajectory, influenced heavily by institutional demand and supply constraints. Institutional Influence and Supply Dynamics Driving Bitcoin Volatility Sygnum Bank’s recent Monthly Investment Outlook emphasizes the impact of institutional adoption on Bitcoin’s market…
