David Lawant, head of research at cryptocurrency prime broker FalconX, said: "As the price approaches the $100,000 mark, the sell-side bias intensifies, which means there is likely to be a consolidation near this level [$100,000] in the short term before it continues to break through." At the market level, traders have seized on the prospect of US cryptocurrencies to push bitcoin to the brink of $100,000, a symbolic level for cryptocurrency proponents to counter sceptics who believe digital assets have little intrinsic value.