Bitcoin’s $100K Breakout Pause: Liquidity and Nvidia’s Stalled Rally to Blame
Bitcoin’s (BTC) recent attempt to break the $100,000 mark has faced a significant pause, with the price remaining locked between $90,000 and $100,000 for the third week running. Despite a brief spike to six figures on Dec. 5, the breakout seems to have lost steam, leaving traders wondering what’s holding back further upward momentum. The answer, according to experts, lies in two key factors: slowed liquidity growth and the cooling of Nvidia’s (NVDA) rally, which has had a notable correlation with Bitcoin’s performance.
Let’s take a closer look at what’s going on and what could trigger Bitcoin’s next move.
Slowed Liquidity Growth Slows Bitcoin’s Momentum
One of the major factors contributing to Bitcoin’s recent struggle to maintain momentum above $100,000 is the slowdown in liquidity i...
