5 Things to Know About Bitcoin’s Push Toward $100K 💯
Bitcoin’s price approaches $100,000, marking a #historic period for the cryptocurrency.
Here are #five key takeaways:
1. Record Monthly Gains: November 2024 saw Bitcoin’s largest-ever dollar increase, closing at $96,400.
2. Technical Strength: Support levels at $90K–$95K and a “bull flag” pattern suggest further upward momentum.
3. Market Stability: Low funding rates indicate a healthy market, supporting sustained growth near all-time highs.
4. Macro Impact: Upcoming U.S. jobs data and the Fed’s interest rate decision on Dec. 18 could trigger significant price moves.
5. Onchain Signals: A rare SOPR “golden cross” points to a potential sharp rally within the next two months.
Bitcoin’s six-figure milestone appears closer than ever, with analysts predicting parabolic growth once $100K is breached.
Still bullish on this!
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