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Bitcoin Price Back Above $100K—Will it PullBack for Higher Low or Dive Into Deeper Correction?
As the cryptocurrency market is still in a state of flux, the price of Bitcoin (BTC) has been making significant moves lately. In this article, we will discuss the recent price action and what could be expected moving forward.
The first thing to notice is that Bitcoin’s price broke above $100K for the second time. This sudden surge can be attributed to several factors such as the rise in the hash rate that marked an ATH, increased mining difficulty, Michael Saylor buying more BTC, and Donald Trump taking office soon.
Source: coinpedia.org
