PlanB Disputes 63% Forecast as Bitcoin Converts $100,000 Resistance to Support — Fifth Month Above $100K

COINOTAG News on October 7 reported that analyst PlanB noted a survey in which 63% of respondents expect Bitcoin to decline below $100,000, a consensus the analyst indicated may not ultimately materialize.

From a technical perspective, Bitcoin is exhibiting characteristics of the $100,000 resistance attempting to convert into a durable support level, with September representing the fifth consecutive month the asset has traded above that psychological threshold.

Comparable market behavior has previously been observed around pivotal price anchors — $10,000, $1,000, $100 and $10 — highlighting recurring patterns of price consolidation at major benchmarks relevant to crypto investors and analysts.