“Milestone not reached”: BTC did not hit $100,000

The leading cryptocurrency failed to reach the $100,000 mark predicted by some analysts following Donald Trump’s landslide election win.

FalconX analysts rely on trading data to show that Bitcoin buyers have pulled back. According to the experts, this indicates that the next BTC price movement will be violent, regardless of the direction it takes.

According to FalconX, there is an ask-bid imbalance in the market: the number of people willing to buy the first cryptocurrency has suddenly dropped. To prove this, the experts analyzed its liquidity, which involved comparing BTC trading volumes on different platforms.

“As we near $100K, the skew approaches levels seen only three times since 2022. While this doesn’t threaten the medium-term rally, it suggests that the struggle to break above the $100K level could be intense,” the analysts noted.

Bitget Research analyst Ryan Lee suggested that over the ensuing week, the first cryptocurrency will trade between $95,000 and $99,000, making breach attempts and potentially breaking through the resistance level.