Another BTC ATH this month (and year) does not surprise anyone anymore. Digital asset enthusiasts are looking forward to crossing the psychological barrier of $100,000. What happens when you cross this barrier? What was the situation like after BTC reached USD 10,000?
We also have something extra for you. Predict when BTC will break 100k (date, time) and win monthly access to community premium!
What is pumping the market and setting new BTC ATH?
People who have been investing in cryptocurrencies for years may today feel like Julius Caesar conquering the Gauls and saying “Veni, Vidi, Vici”. Satoshi Nakamoto’s cryptocurrency is reaching new thresholds in the ATH ladder and it seems to be doing so casually. Only this month we have already broken the previous records three times. Why does bitcoin continue to grow? This is the accumulation of many factors, and yesterday’s/today’s increases are caused by the fact that options for bitcoin ETFs debuted on NASDAQ. Since yesterday (November 20), the rate has shot up to the new ATH BTC, i.e. USD 98,310. Currently, there is a climb to $100,000, which is something of a psychological barrier. It is worth adding that just a year ago, BTC reaching 100k seemed rather a pious cryptocurrency wish.
The BTC rate will certainly exceed USD 100,000 soon (perhaps by the time you are reading this, it is already a fact), which is why we have a special competition for you. Go to our Telegram account and write when (date and time) BTC reaches 100k. The person who will be closest to the date of exceeding 100k and determining the new BTC ATH will receive a monthly access to community premium as a reward! The competition lasts until 8 p.m. today!
Bitcoin and psychological barriers – a success story
It is worth recalling what happened to bitcoin when it exceeded the USD 10,000 mark a few years ago. In 2017, BTC reached this value for the first time, which caused a wave of media excitement and a sudden inflow of capital. However, it was only in the second half of 2020 – with Bitcoin’s entry into the mainstream – that this barrier ceased to be a significant resistance. After it was broken, BTC quickly rose to USD 20,000, and then – after correction – in 2021 it reached over USD 60,000.
Just like then, today’s market excitement is driving demand, and breaking $100,000 could be the turning point that inspires investors to be even more active. It is worth adding that BTC has already exceeded PLN 400,000!
Is $100,000 just a start?
Experts predict that breaking the USD 100,000 level may open the way to even higher values - from USD 120,000 to even USD 150,000 in the medium term. The behavior of institutional investors and the market’s reaction to subsequent macroeconomic events, such as decisions of central banks or changes in cryptocurrency regulations, will be key.
We also face questions about how BTC will fare in the era of central bank digital currencies (CBDC), which may introduce new dynamics to the market. However, so far BTC is proving that its position as “digital gold” remains unshakable, which is increasingly mentioned by BTC’s former nemesis and now its ardent fan, Larry Fink (CEO of Blackrock).
To the end of the world and even… higher, for another ATH BTC!
Bitcoin is on everyone’s lips again. Approaching the USD 100,000 barrier is not only a financial event, but also a symbolic moment in the history of cryptocurrencies. Breaking this level may mean the beginning of a new era for BTC and the entire digital asset market. Will $100,000 become a reality? Everything indicates that we will find out the answer sooner than you might think. In the world of Bitcoin, one thing is certain – there is never a shortage of emotions.
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