Bitcoin Value at $100K No Longer a Dream Consider Merchants, however Blow-Off High Warning in Close to Time period

“We really feel that the ‘straightforward’ a part of the rally has been executed and the following stage shall be a lot trickier with extra worth choppiness and potential for drawdowns,” Augustine Fan, head of insights at SOFA, advised CoinDesk in a Telegram message. “Bitcoin dominance stays on a one-way pattern greater harking back to the mega-cap dominance in SPX, and isn’t significantly fascinating for this stage of the crypto ecosystem.”