After falling from its ATH, $100k BTC is more likely than before.

The decline of BTC from its ATH is actually a gift.

BTC's price has increased by 3.34 percent in the last day.

The price of BTC has also increased during the past week by about 9%.

In the near term, a healthy downturn in cryptocurrency prices is disastrous, but in the medium to long term, it is a godsend. Bitcoin (BTC), the market leader in cryptocurrencies, has declined more than seventy percent since its peak.

In accordance with CoinMarketCap, BTC is now valued at $22,219.82 after rising in value by 3.34 percent over the previous day. Over the same time period, BTC's price likewise rose to a high of $22,242.90. The market cap of the cryptocurrency king has increased by 8.88 percent over the last week as a result of its 24-hour price increase.

On the daily chart for BTC/USDT, the price of BTC has been rising from its daily low of $19,270.70 to just below $22k, where it was then confronted by sell pressure at the resistance level. The price of BTC has closed the last four out of the past five days in the green.

BTC's daily chart demonstrates the price's enormous upside potential. When concentrating on how its price declined from its all-time high, most BTC investors might be viewing BTC's present performance as unfavourable. This is especially true if they bought Bitcoin while it was around its all-time high.

For investors who purchased BTC while its price was still skyrocketing, there is still a significant possibility for a return on investment. There is still a potential that BTC will reach $100k because the community hasn't dropped below the ATH. Since the dip has already occurred, BTC's prospects of hitting and surpassing $100k have greatly increased.

BTC now has a market capitalization of $423,651,738,344. The token's 24-hour trading volume increased by 11.32 percent to $29,317,303,609.