21Shares Crypto Strategist: $100,000 is a psychologically significant selling point, it is expected that Bitcoin will break through $100,000 this year
21Shares crypto research strategist Matt Mena stated that for investors who have held Bitcoin since the last bull market, $100,000 is a psychologically significant selling point. Matt Mena believes that if the price of Bitcoin continues to fall, it could drop to $80,000. He said that options traders focused on cryptocurrencies also support this view, with many options contracts expiring in December betting on Bitcoin falling to $80,000. However, Mena still expects Bitcoin to rebound by the end of the year and predicts that the holiday season may push Bitcoin up to a range of $110,000 to $120,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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