$BTC

As of today, December 5, 2024, Bitcoin has achieved a significant milestone by surpassing the $100,000 mark. This marks a historic moment in cryptocurrency history, with several factors contributing to the rally.

1. Institutional Investment: Major inflows into Bitcoin ETFs have boosted confidence. Over $676 million was added in a single day recently, reflecting growing institutional participation.

2. Market Sentiment: Bitcoin's momentum is supported by strong technical indicators. Analysts suggest a potential upward trajectory toward $120,000, driven by retail and institutional confidence. Key levels to watch include resistance at $105,000, which could act as a barrier in the short term.

3. Macroeconomic Factors: The pro-crypto policies under recent U.S. political changes and increasing global adoption have also fueled the rally.

Currently, Bitcoin is trading at around $100,000 with a bullish outlook for December. However, minor pullbacks remain possible, with key support at $92,000.

It's crucial for investors to stay updated on market trends and consider risks, as cryptocurrency remains highly volatile.$BTC