Share this article


  • Analyst Ki Young supports buying Bitcoin at $100K anticipating a $145K price.
  • Multiple metrics pointed $100K as the level to propel BTC to $160K.

As Bitcoin [BTC] continued to show strength, CryptoQuant analyst Ki Young posed a timely question on X – Should you buy Bitcoin at $100K?

Ki Young’s first key consideration in the checklist was if potential buyers questioned whether they would regret not purchasing if Bitcoin climbed to $145K.

Also the readiness of potential buyers for a possible bear market and the ability to withstand corrections of over 30% without panic selling.

He added that the long-term commitment was also crucial, suggesting a minimum holding period of one year.

Why $100K level is key

Analysis of Bitcoin’s open positions over the past week showed concentration at the $100,480 price level.

This specific point registered the peak number of open contracts and could be crucial for Bitcoin’s price movement. The emphasis on this level suggested it as a key area for traders, indicati

Go to Source to See Full Article
Author: Lennox Gitonga

BTC NewswireAuthor posts

BTC Newswire Crypto News at your Fingertips

Comments are disabled.