Bitcoin Struggles To Surpass $100,000 as Resistance and Economic Factors Weigh on Price [Yahoo! Finance]
SOS Limited American Depositary Shares, one hundred and fifty (150) Class A Ordinary Shares (SOS)
Company Research
Source: Yahoo! Finance
Analysts believe the cryptocurrency is facing resistance at this key level due to profit-taking and a large sell wall with more than 4,000 Bitcoins, worth approximately $384 million. Despite growing investor confidence and strong market factors, Bitcoin has not yet surpassed $100,000, with traders hesitant to push higher without clearing these sell orders. In the past few days, Bitcoin's price dropped by nearly 2% to about $95,000 before recovering slightly. The cryptocurrency has been trading between $90,000 and $98,000 for the last two weeks, finding it difficult to gain momentum. Bitcoin faces resistance at multiple levels, particularly in the $97,700-$97,800 range, and must break through those levels to approach $100,000. The broader economic environment is also impacting Bitcoin's performance. The U.S. Federal Reserve's interest rate policy is a key factor in market sentiment. Recently, the probability of a rate cut in December has decreased from 67% to 61%, which has created
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News
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- SOS Limited Announces Filing of the 2023 Annual Report on Form 20-FGlobeNewswire
- SOS Announces Plans to Strengthen Global Crypto Investment Strategy and Purchase up to $50 Million Worth of BitcoinPR Newswire
- SOS Limited Announces Planned ADS Ratio Change [Yahoo! Finance]Yahoo! Finance
- SOS Limited Announces Planned ADS Ratio ChangeGlobeNewswire
SOS
Sec Filings
- 12/20/24 - Form EFFECT
- 12/12/24 - Form POS
- 11/8/24 - Form SC
- SOS's page on the SEC website