Opinion: Unless there is a surge in funding flows, Bitcoin will experience a long time at the $100,000 level
2024-12-10 01:12:31
Bitcoin fell below $95,000 on Tuesday, according to Bloomberg, one of the biggest declines of the year. Charlie Morris, chief investment officer at ByteTree Asset Management, said: "Bitcoin did break through $100,000, but it often takes time to overcome it to really break out of that range, and the level of $100,000 is a number we should get used to because unless capital flows can surge from now on, we will be at this level for a long time." Katie Stockton, technical analyst at Fairlead Strategies LLC, recommended in a report that after Bitcoin failed to hold above $100,000, an investment strategy biased towards "short-term neutral" should be adopted.
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