Originally, everyone thought this topic was a fantasy before the election, but as the election came to an end and Trump won the election thrillingly, Bitcoin also skyrocketed, rising directly from the 70,000 mark to create new highs, and this week it directly broke through the 90,000 mark to around 93,330.
So everyone started to wonder: Will Bitcoin break through the $100,000 mark next? I think that around the time Trump officially takes office, Bitcoin starting with $100,000 may really become a reality
As early as July, I emphasized that if Trump is re-elected, Bitcoin will usher in a big rise. Although the rise of 90,000 in such a short period of time is somewhat unexpected, the breakthrough of 80,000 is completely expected; and I have been suggesting bullishness during this period, and this round of bull market is also completely in my prediction.
Why I think Bitcoin will hit $100,000
First, the Fed is likely to continue to cut interest rates in December. Powell mentioned in his speech yesterday that the Fed is not in a hurry to cut interest rates, but a series of economic data and the fading of upward inflation risks have forced the Fed to cut interest rates. It should be noted that the Fed has never cut interest rates in the past three years, but it has cut interest rates twice since September (I also want to thank the Fed here, otherwise our A-share market may still be hovering around 2,700)
Second: Trump’s preference for cryptocurrencies. At the Bitcoin Conference in July, Trump proposed a strategic reserve plan for Bitcoin. This is also the most direct reason why Bitcoin took off directly after Trump was elected (one has to admire Musk’s courage to bet his fortune on Trump)
Therefore, considering the off-market factors, it is not groundless for Bitcoin to break through 100,000, and the highest has reached 93,000, with only 7,000 points of space left to reach 100,000!
Technically, the bull market has no top, and there is almost no pressure above; after this round of continuous rise, the indicator has already been overbought! After reaching the top this week, there is a need for short-term adjustment. The daily support is 85,000, and the ultimate support is around 82,000. If it falls below 85,000, the callback will continue to look at 82,000, but once it falls back to 82,000, a new round of rise will begin. Once it reaches 82,000, you can start to lay out the mid-term long position; the general trend remains bullish, and we are ready to welcome 100,000 Bitcoins! (This article is originally created by the official account: Xiao Feng Lunbi, please indicate the source for reprinting!)
