21Shares Crypto Strategist: $100,000 is a psychologically significant selling point, it is expected that Bitcoin will break through $100,000 this year

21Shares crypto research strategist Matt Mena stated that for investors who have held Bitcoin since the last bull market, $100,000 is a psychologically significant selling point. Matt Mena believes that if the price of Bitcoin continues to fall, it could drop to $80,000. He said that options traders focused on cryptocurrencies also support this view, with many options contracts expiring in December betting on Bitcoin falling to $80,000. However, Mena still expects Bitcoin to rebound by the end of the year and predicts that the holiday season may push Bitcoin up to a range of $110,000 to $120,000.