$BTC Analysis of Bitcoin after surpassing $100,000: Will it continue to rise or will there be a correction?

Current situation: Bitcoin (BTC) has reached and surpassed the historic milestone of $100,000, even reaching a high of $103,900. This advance has been driven by a significant increase in institutional adoption, the approval of spot Bitcoin ETFs in the United States, and pro-crypto regulatory developments, such as the new political administration in the U.S. that promises fewer obstacles for cryptocurrencies.

Bullish factors:

1. Institutional demand: ETFs have recorded large inflows, with over $32 billion in 2024, attracting capital from financial institutions and investment funds.

2. Positive momentum: Historically, after surpassing psychological levels like $100K, Bitcoin has experienced rapid increases due to FOMO (fear of missing out) from retail investors.

3. Historical trends: November has been a positive month, and December tends to follow this trend. Optimistic projections place the price of BTC between $110,000 and $120,000 in the coming weeks.

Bearish factors:

1. Technical corrections: Overbought conditions indicated by indicators like the RSI and selling pressure could lead to significant corrections. Analysts estimate support in the ranges of $85,000 to $90,000.

2. Liquidations: High exposure to leverage increases the risk of massive liquidations if the key support level is breached.

3. Macroeconomic factors: Global uncertainties, such as interest rates and inflation, can negatively affect market confidence.

Post summary:

Bitcoin has reached a key level by surpassing $100,000, a historic milestone that reflects the market's maturity. While analysts see a 60% probability of continued bullish momentum toward $120,000 or even higher in 2025, they also highlight risks of short-term corrections toward $90,000. This is a crucial moment for the leading cryptocurrency.