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Bitcoin Nears $100,000 Amid Investor Caution on Market Reversal
Bitcoin's Recent Price Movement
- Bitcoin saw a surge, nearing the resistance level at $94,000.
- Experts are optimistic about potential new all-time highs within the year.
Analysts' Insights
- Nic Puckrin of Coin Bureau suggests recent movements are due to portfolio rebalancing rather than a fundamental trend shift.
- Puckrin warns that failing to break the $94,700 resistance could lead to a decline, but breaching it might enable a return to $100,000.
- He anticipates another all-time high in 2026 but advises caution regarding its extent.
Divergent Views
- Vince Stanzione maintains a bearish outlook, citing an unfavorable risk-reward ratio at current prices.
- Stanzione compares Bitcoin with gold, noting Bitcoin's 6% decline by the end of 2025 versus gold's 66% increase.
- He predicts Bitcoin will underperform gold this year, closing at a lower price.
Key Price Levels
- Market analyst Ali Martinez identifies $94,555 as a "bullish trigger" for Bitcoin.
- If surpassed, the next target is $105,291, marking a potential 12% increase.
- This would bring Bitcoin closer to its all-time high of over $126,000 reached last October.