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November 24, 2024

Bitcoin Approaches $100K Mark but Faces Potential Selling Pressures

Bitcoin is steadily moving closer to the significant $100K mark, boosting excitement among investors. However, this upward trend comes with concerns regarding potential selling pressures. Experts caution that profit-taking could impact Bitcoin’s momentum as it reaches this psychological threshold. Despite these challenges, many bullish investors remain optimistic about Bitcoin’s long-term potential. The crypto market anticipates how Bitcoin will behave as it touches this milestone, especially with traders looking to cash in on their investments. Analysts watch for signs of market reactions to these movements. Will Bitcoin surge past the $100K mark, or will selling pressures cause a setback? The coming days will provide clarity on this critical situation.

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