Does anyone else feel like 100k is the new average or new normal?
We first reached $100k in late 2024, a year and a half ago. Since then we spent a total of 260 days above $100k which is close to 9 months.
Now we are back below $100k and have been below $100k for around 7 months.
Humans love round numbers and now that we have spent time both above and below $100k it is starting to feel like a magnet. Almost like $100k is not expensive but its also not cheap, it is just about right in terms of fair value.
Who knows, maybe we bounce above and below $100k for a long time to come given that the higher bitcoins market cap gets the slower it moves.
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from Bitcoin - The Currency of the Internet https://ift.tt/YBKg5iL
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