Why Bitcoin Stopped Short of $100,000 — and When It Might Get There

• Bitcoin rocketed toward $100,000 last week but pulled back just shy of the milestone in recent days.
• The six-digit mark is a stiff resistance level and psychological selling point for investors, a source told Business Insider.
• Even if the correction deepens, analysts still expect bitcoin to top $100,000 this year.

The crypto market held its breath last week as bitcoin verged on breaking through the $100,000 mark, only to be disappointed as the momentum stalled and then sharply reversed course.

The token’s price reached a record of $99,655.5 on Friday, but fell back just before crossing the six-digit milestone. As of 2:53 p.m. ET on Tuesday, the cryptocurrency traded at $91,749, nearly