Why is BTC difficult to break through the $100,000 mark?

After a half-month frenzy followed by a sharp fall, the main reason lies in market sentiment, economic factors, and policy conditions. As a leader in the encryption field, its price fluctuations are highly regarded by pros. Within 16 days, it surged from $74,600 to $99,600, a 34% increase, nearing six figures but then plummeted, leading to a downturn in market sentiment.

In terms of market sentiment, after the election, BTC surged by 30,000 in half a month, approaching 90,000. Many people feared high dumping to lock in profits. As it approaches the historical peak, people are becoming more cautious, worried about falling back into the bear market of 2018, which has significantly increased the upward pressure. However, short-term consolidation and volatility may reignite the upward momentum.

On the economic front, the global economy is uncertain and sluggish, with investor enthusiasm and BTC price direction being influenced by the Fed's policy and inflation rate.

On the policy front, although the Trump administration is expected to construct a regulatory framework for the crypto market, the current situation is unclear, regulations are still being explored, and attitudes vary among different countries and regions, with frequent negative news exacerbating market panic.

In short, the future of Bitcoin is uncertain. The focus is not on whether the public can follow through to break 100,000, but when it will break through. Previously, the market may be in a Sideways consolidation, like a marathon needing a rest, and technical indicators also indicate the need for a "break" to move forward steadily. When investing, building a diversified portfolio and avoiding asset singularization are the keys to long-term success in the Bull Market.