Analyst: $100,000 may have become a high threshold or even an obstacle for BTC investors to further profit

ChainCatcher news, Trade Nation senior market analyst David Morrison stated that while "$100,000" is a nice round number, it feels like this figure has become a high threshold, even an obstacle, for Bitcoin investors to take further profits. If Bitcoin starts to decline from now, that could be all that the market presents, especially if long-term holders decide to cash out early. However, David Morrison also pointed out that Bitcoin's upward momentum is likely to gather enough energy to push the price above the $100,000 mark. Once this resistance level is breached, it could become a trigger for pushing Bitcoin higher again.