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Bitcoin could fall to $88,000 before making another attempt to break $100,000 – Glassnode – TON BOT

Bitcoin could fall to $88,000 before making another attempt to break $100,000 – Glassnode

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Bitcoin may drop below $88,000 before reaching $100,000, according to Glassnode. The market is experiencing price discovery, with Long-Term Holders realizing record profits and selling coins acquired recently. A consolidation phase may be needed to absorb selling pressure. The Sell-Side Risk Ratio indicates intensified profit-taking, but demand remains strong.

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