#BTC100K!

The image shows the Binance trading interface for the BTC/USDT (Bitcoin to Tether) trading pair. Bitcoin's price has hit $102,480.01, marking a significant milestone as it surpasses the $100,000 mark for the first time. Key details include:

1. Price Movement:

Current price: $102,480.01 (+6.28%).

24-hour high: $104,088.00.

24-hour low: $94,587.83.

2. Volume and Trends:

24-hour trading volume: 75,276.07 BTC.

Corresponding USDT volume: 7.46 billion USDT.

3. Chart Indicators:

The hourly candlestick chart shows a strong upward trend, with a notable spike in volume as Bitcoin surged past $100,000.

Moving averages (MA) suggest bullish momentum, with the shorter-term MA (7) crossing above longer-term MAs (25 and 99).

MACD (Moving Average Convergence Divergence) indicates a strong positive trend.

This milestone underscores Bitcoin's growing acceptance and adoption, reflecting increased demand and market confidence.

$BTC

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📊 Market Overview:

BTC : $103601
ETH : $3898.74
BNB : $709.09
SOL : $214.49
$BTC
$ETH
$BNB

📈 Market Cap :

Total : 3.82T
DeFi : 135.03B
24hr Vol : 247.76B

⚡ Sentiment :

FGI : Extreme Greed (83)
Open Interest : 66.37B
24h Liquidation : $359.4M

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Bitcoin (BTC) is currently in a bullish phase, trading around $97,375 with strong upward momentum after reaching a new all-time high of $103,804 earlier this month. Market conditions suggest continued bullishness, driven by institutional demand, ETF inflows, and reduced exchange reserves, which point to a potential supply shortage. Analysts predict price targets of $115,000 to $141,000 by the end of December if this trend continues.

$BTC

However, short-term corrections are possible. If Bitcoin fails to maintain its upward momentum, support levels could come into play around $97,000 or lower, potentially dipping to $88,000 in a bearish scenario.

Overall, the mid- to long-term outlook remains optimistic, with analysts favoring a bullish trajectory for Bitcoin into the new year. Keep monitoring market trends and news for potential shifts.

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$SHIB - Bullish above the main uptrend 📈

Zoom on the HTF view, avoid the short term market noise⚠️

See you at 0.0000300 - 0.00003200$ next..? 🚀

#shiba⚡
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Bitcoin (BTC) has recently shown strong performance, with prices currently trading around $96,900. November 2024 saw a significant 37% increase in value, and December is continuing this momentum, with potential year-end price targets of $115,000 to $141,000, based on historical trends and current market dynamics.

$BTC


Key factors influencing Bitcoin's market include:

1. Institutional Demand: Over $31 billion in Bitcoin ETF inflows, creating a "supply shock."

2. Declining Exchange Reserves: Fewer BTC available on exchanges, signaling reduced selling pressure.

3. On-Chain Metrics: Positive indicators like MVRV and stock-to-flow ratios, which suggest ongoing scarcity and investor confidence.

Bitcoin’s performance has been buoyed by broader adoption and interest following its April 2024 halving event, which reduced mining rewards. Additionally, new highs above $100,000 are expected as demand outpaces supply in the short term.

For a more detailed breakdown, let me know!

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#MarketCorrection