Bitcoin Surges Past $100K for the First Time Since December, Hits $102,514
Bitcoin (BTC) has once again surpassed the $100,000 mark reaching an intraday high of $102,514, its first breakthrough above this psychological level since mid-December 2024.
$103K Resistance Looms as Bitcoin Climbs to $102,514 Amid Volume Spike
This latest bitcoin surge reflects strong bullish momentum, with buyers stepping in decisively to drive prices higher. The 1-hour BTC/USD chart indicates a steady uptrend with clear signs of accumulation around the $97,000–$98,000 range, as evidenced by the consolidation zone seen earlier in the week.
Following this consolidation, BTC broke out with a strong upswing accompanied by a significant spike in volume at precisely 9:54 a.m. Eastern Time (ET), pushing the price past $100,000 and peaking at $102,514 by approximately 11:25 a.m. Right now, the $99,000–$100,000 range represents a strong demand zone, supported by recent price action and the volume profile.