BlockBeats news, on October 7, well-known analyst PlanB stated that 63% of people believe Bitcoin will fall below $100,000, but he thinks this is unlikely to happen. Bitcoin is undergoing a process where the $100,000 resistance level is turning into a support level, having closed above $100,000 for the fifth consecutive month in September. Similar situations have previously occurred at key price points of $10,000, $1,000, $100, and $10.
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PlanB: Bitcoin may have already held above the $100,000 mark, with resistance turning into support.
BlockBeats news, on October 7, well-known analyst PlanB stated that 63% of people believe Bitcoin will fall below $100,000, but he thinks this is unlikely to happen. Bitcoin is undergoing a process where the $100,000 resistance level is turning into a support level, having closed above $100,000 for the fifth consecutive month in September. Similar situations have previously occurred at key price points of $10,000, $1,000, $100, and $10.