Cryptocurrency

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<p>Cryptocurrency expert CJK (@CJKonstantinos)<a href="https://twitter.com/CJKonstantinos/status/1733529776202125626?t=ytaim9wIRSDrwhzNvTnjkg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow"> cautioned bitcoin investors</a> against selling at the $100,000 price level in a recent tweet, arguing that $100k is “simply a psychological resistance” and the real bitcoin journey is just beginning.</p>
<p>CJK explained that the pending ETF approvals have led some to believe bitcoin may stall or drop after hitting the $100k milestone. However, he contends that $100k marks only the start of bitcoin’s rise from a commodity to a monetary asset.</p>
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<p><strong>Transition to Monetary Asset</strong></p>
<p>As CJK stated, “The 401K superhighway of demand (automatic income liquidity injections) is building an exit ramp to $BTC.” He believes the growing 401k and retirement fund exposure to bitcoin via ETFs and other products means new automatic inflows from pensions and salaries. This constitutes a fundamental shift to bitcoin acting more as a monetary asset rather than a speculative commodity.</p>
<p><strong>No Real Resistance</strong></p>
<p>CJK also noted that “$100K is simply a psychological resistance, same as $1M. There is no fundamental or technical resistance at these levels.” He argues bitcoin could rapidly rise through $100k, just as it did through previous “psychological” barriers like $10k and $50k.</p>
<p>Read also:</p>
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 <li><a href="https://captainaltcoin.com/the-latest-crypto-rival-to-avalanche-avax-a-glimpse-into-finances-future/" target="_blank" rel="noopener noreferrer nofollow">The Latest Crypto Rival to Avalanche (AVAX): A Glimpse into Finance’s Future?</a></li>
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<p>His conclusion? “It could very well mark the start of #Bitcoin journey from commodity value to monetary value.” Rather than an end point, $100k is just part of the beginning of bitcoin’s full evolution.</p>
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<p>The post <a href="https://captainaltcoin.com/expert-warns-against-selling-bitcoin-at-100k-reveals-what-will-happen-to-btc-at-that-price/" rel="noopener noreferrer nofollow">Expert Warns Against Selling Bitcoin at $100k, Reveals What Will Happen to BTC at that Price</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Expert Warns Against Selling Bitcoin at $100k, Reveals What Will Happen to BTC at that Price

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