As the leading cryptocurrency, Bitcoin (BTC) surpasses the critical level of $100,000, there is no consensus in the market. While some analysts expect a pullback or sideways movement from here, others anticipate further upward momentum.
At this point, decentralized option protocol Derive’s founder Nick Forster said he did not expect BTC to move sideways around $100,000 for a long time.
Forster said that breaking the psychological price barrier of $100,000 would attract more attention and lead to further price increases.
I don’t think we will see a lot of consolidation around 100,000. I expect the upward trend to continue.
Breaking the $100,000 barrier will attract new participants to the market and change the minds of existing investors.
This situation also indicates more volatility and potential upside.
The analyst also pointed out that investors may turn to altcoins in the future, predicting that there may be more movement towards Ethereum (ETH) and other altcoins.
Forster said, “ETH had fallen behind in the market until now. But I expect the situation to change. It is worth noting that after reaching all-time highs or significant milestones in the past, ETH historically surpassed Bitcoin.”
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