Bitcoin (BTC), a major digital asset, has been trading for over $100,000 in the last seven days. This marks stripes longer than the psychological level. Around COINMARKETCAP dataBitcoin was able to avoid falling below $100,000 despite its fluctuations.
Bitcoin sales pressure is close to resistance
However, concerns are beginning to emerge about the short-term outlook for BTC prices. Given the bullish Rally Bitcoin recorded over the past seven days, many people expected it to be possible Surge Towards new heights.
Bitcoin reached its all-time high (ATH) of $109,114.88 on January 19, 2025, and almost four months later, the coin has not praised this level. All rallies meet resistance in the cryptocurrency market as traders can’t maintain momentum.
Investors who jumped out based on the fear of Lost (FOMO) appear to be dumping into the market all the time after each rise. In other words, these FOMO investors are waiting for Bitcoin to reach the level where they purchased the coin with additional profits in sales.
Recently, As It has been reported According to U.Today, $103 million worth of Bitcoin has collided with a major crypto exchange as selling pressure increased in the market sector.
The current market indicates that a $103,000 resistance level has been identified for Bitcoin. Last week, Bitcoin prices were unable to stabilize beyond this level.
This development can cause bear pressure on assets and have a negative impact on the coin. In particular, prices could drop as more traders begin selling their holdings. If that continues, the $100,000 level may give way.
Long-term optimism remains, but short-term uncertainty is growing
Despite this possible scenario in Bitcoin, Polymarket’s latest predictions are bullish.
The popular prediction platform is confident that Bitcoin will trade over $130,000 per coin by the end of 2025. The forecast also shows that there is an 18% chance that assets will reach $200,000.
Marketwatchers are more interested in Bitcoin’s short-term performance as hype surrounds the coin. First Macro Asset In 150 years.
