{"id":143367,"date":"2024-11-27T08:00:22","date_gmt":"2024-11-27T06:00:22","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143367"},"modified":"2024-11-27T03:03:07","modified_gmt":"2024-11-27T01:03:07","slug":"is-bitcoins-100000-target-still-within-reach","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/is-bitcoins-100000-target-still-within-reach\/","title":{"rendered":"Is Bitcoin’s $100,000 Target Still Within Reach?"},"content":{"rendered":"

Analysts attribute the delay to profit-taking from some investors, while institutions continue to bolster their holdings.<\/p>\n

Bitcoin\u2019s price<\/a> <\/strong>hit an all-time high just under $99,500, sparking optimism that it was about to break the $100,000 threshold. However, the momentum slowed, and the price now hovers around $92,000. Experts suggest that the pullback is largely due to profit-taking, particularly from newer investors who bought in during the rally.<\/p>\n

Mike Novogratz, CEO of Galaxy Digital, pointed out<\/a> <\/strong>that the bulk of selling has come from those who purchased Bitcoin above $56,000 earlier in the year, while long-term holders have remained steadfast.<\/p>\n