Bitcoin Surges Past $100,000 Mark Amid Strong Bullish Momentum
Bitcoin (BTC) has reached a significant milestone, surpassing the $100,000 mark for the first time since mid-December 2024. The cryptocurrency achieved an intraday high of $102,514, demonstrating a strong upward trend.
Whales Accumulate Bitcoin
This latest surge in Bitcoin’s price reflects a decisive move by buyers, driving prices higher with strong bullish momentum. The 1-hour chart indicates a notable increase in trading volume, further solidifying the upward trend.
$103,000 Resistance Level Looms
As Bitcoin continues to climb, it is approaching the $103,000 resistance level. This psychological barrier may pose a challenge to the cryptocurrency’s upward momentum, and its ability to break through this level will be closely watched by market analysts.
Conclusion
In summary, Bitcoin has surpassed the $100,000 mark, reaching an intraday high of $102,514, driven by strong bullish momentum and increased trading volume. As the cryptocurrency approaches the $103,000 resistance level, market analysts will be closely monitoring its ability to break through this barrier and sustain its upward trend.
Source: News.bitcoin.com
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