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- 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
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Author: Lennox Gitonga
