Bitcoin’s Price Rise: Is $100,000 a Temporary Peak?

Over the past seven days, Bitcoin (BTC) has traded above $100,000, marking its longest consecutive streak in this territory. However, despite these gains and an all-time high of $109,114.88 achieved earlier this year, concerns are rising about the short-term future of Bitcoin’s price. [Insert Image from U.Today]

Market analysts note that Bitcoin has encountered significant resistance as it struggles to sustain momentum after recent rallies. The coin remains volatile and traders have been hesitant to push prices above the $103,000 level. This reluctance is contributing to a sense of uncertainty as traders wait for the price to stabilize.