The founders of Glassnode, a prominent blockchain analytics firm, have expressed that Bitcoin is on the brink of reaching the $100,000 mark. This significant milestone could influence traders to start taking profits.
If traders engage in profit-taking, this action may result in price corrections, as selling pressure increases. Consequently, such dynamics could substantially alter overall market behavior in the cryptocurrency space.
The potential achievement of Bitcoin hitting $100,000 is watched closely by analysts and traders, anticipating effects on market movements.
