4 Reasons Why Bitcoin (BTC) Price Can Crash to $100K After New ATH
On May 21, Bitcoin (BTC) extended intraday gains to set up a new ATH of $111,903 on the US-based Coinbase exchange. After nearly four months, this push to record highs attracted $607.1 million in spot Bitcoin ETF inflows in the United States. Despite this bullish occasion, here are four reasons investors and traders must be cautious of a potential BTC price crash to $100,000. Here’s Why Bitcoin (BTC) Price May Crash to $100,000 Although the BTC trading above the $110,000 all-time high is bullish, investors must exercise caution as multiple warning signals are flashing, hinting at a short-term correction. Muted Implied Volatility (IV) is the first and most important reason for the lack of confidence in the recent BTC price rally to new highs. CME Open Interest (OI) and annualized basis have remained low, showing a lack of interest from institutional buyers. Daily Active Addresses (DAA) and Network Growth are… Read More at Coingape.com
The post 4 Reasons Why Bitcoin (BTC) Price Can Crash to $100K After New ATH appeared first on CoinGape.
