So bitcoin will remain if there is demand that will push the price to go higher.
Does the price really need to go that high for it to remain?
I believe it's a talk of volume as the price is somewhat ok within the range of $40k to $60k. If the price rises so high above $100k, it might scare many who will think it's too late away.
The market always have it's own way of correcting itself to balance the inflow of price.
Retracement is the correction part of the crypto market that tries to balance the buying and selling of assets when price is over bought or over sold. Crypto traders should be familiar with retracement whenever the market price as really gone high, coming down in a short while known as
Retracement to make sure that price is not too over sold or over bought.
The major reason of the existence of Bitcoin is to maintain a fast and fair transactions without the stress one has to undergoes before cashing out their own funds.