According to Jinse Finance, Matt Mena, a research strategist at 21Shares, stated that $100,000 is a psychologically significant selling point for investors who have been holding BTC since the last bull run.
Matt Mena believes that if the BTC price continues to fall, it may fall to $80,000. He said that Options traders focusing on Cryptocurrency also support this view, with a large number of December expiring Options contracts betting on BTC falling to $80,000. Mena still expects BTC to rebound before the end of the year, and the holiday season may push BTC to rise to the range of $110,000 to $120,000.
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21Shares crypto strategist: $100,000 is a psychologically significant selling point, and BTC is expected to surpass $100,000 this year.
According to Jinse Finance, Matt Mena, a research strategist at 21Shares, stated that $100,000 is a psychologically significant selling point for investors who have been holding BTC since the last bull run. Matt Mena believes that if the BTC price continues to fall, it may fall to $80,000. He said that Options traders focusing on Cryptocurrency also support this view, with a large number of December expiring Options contracts betting on BTC falling to $80,000. Mena still expects BTC to rebound before the end of the year, and the holiday season may push BTC to rise to the range of $110,000 to $120,000.