- Bitcoin rallies in anticipation of a pro-crypto US government.
- The milestone $100K price target is inching closer.
- Speculation mounts on what happens next.
Bitcoin has surged over 40% since Donald Trump’s election victory, fueled by anticipation of his plans to position the US as the global crypto capital. This rally has pushed Bitcoin tantalizingly close to the psychological $100K milestone.
Even before Trump’s inauguration, barriers to crypto adoption are crumbling. SEC chair Gary Gensler, viewed by many as a key figure in the “War on Crypto,” has confirmed his resignation. With the landscape shifting and “nature healing,” Bitcoin’s approach to the $100K milestone has many wondering what comes next.
Bitcoin Up Forever
With the US crypto industry moving forward, optimism is building for a future where it thrives under clear legal and regulatory frameworks. This shift has sparked renewed market momentum, with Bitcoin leading the way.
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Post-election, Bitcoin’s rally has defied expectations, climbing over 40% and nearing the landmark $100K price. However, as the milestone comes into focus, opinions on what happens next are sharply divided, reflecting both excitement and uncertainty.
Joe Burnett, a marketer at Unchained, is firmly in the “up forever” camp. He argued that Bitcoin is still a minor player on the global stage, suggesting that the real price explosion will come with broader corporate and national adoption. “Nobody is ready,” for what happens after $100K, he tweeted confidently.
Similarly, crypto writer “eVelocity” envisioned an unstoppable march to $1 million, predicting even bigger price surges along the way. According to him, $1,000 moves will soon seem insignificant as Bitcoin breaks into uncharted territory.
Sell-Off Incoming?
While the long-term outlook for Bitcoin remains bullish, tech YouTuber Marques Brownlee brought some short-term realism into the mix. Brownlee predicted that a major sell-off would follow once Bitcoin hit $100K as investors rushed to cash out their profits.
Unsurprisingly, his comments sparked a backlash from many Bitcoiners, who accused him of engagement farming and criticized his skeptical stance on cryptocurrency.
However, there may be some merit to Brownlee’s call. Data from Bitcoinity reveals a massive 2,400 BTC sell wall at $100K at the time of writing, with sell orders stacking higher towards $107K, threatening to cap the milestone rally.
As much as MicroStrategy’s Michael Saylor advocates for never selling your Bitcoin, it appears many investors are ready to take profits once the $100K milestone is reached.
On the Flipside
- Buy and sell orders are highly changeable.
- Google searches for Bitcoin are ticking higher.
- Bitcoiners assume $100K is inevitable.
Why This Matters
Regardless of what happens when Bitcoin reaches $100K, the milestone event will mark the journey of a niche open protocol rewriting the rules of value and money.
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