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Analysts see three headwinds blocking bitcoin's $100,000 run

Original: Iran, Fed, bonds: 3 reasons bitcoin is unlikely to hit US$100,000 this year

Bitcoin is unlikely to reach $100,000 this year, according to commentary pointing to three main obstacles: heightened geopolitical risk from Iran, uncertainty around the US Federal Reserve's interest rate path, and strength in the bond market drawing capital away from risk assets. The argument has fuelled debate among investors about whether the cryptocurrency's latest rally can be sustained through year-end.

Why now: Investors are weighing whether macroeconomic and geopolitical pressures will cap bitcoin's price momentum this year.

BitcoinFederal ReserveIranSouth China Morning Post

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