100kIsComing
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Bitcoin rockets back to $100k – Are the ‘bad’ times over now?
Bitcoin has done it. Again! The OG crypto that refuses to stay quiet shot back up to $100,000 today, shaking off the doubters and flipping the tables on every short seller betting against it.
$BTC
Ethereum wasn’t far behind, surging to $3,450 with a tidy 3.5% bump in just 24 hours. If you blinked, you missed $309 million in liquidations across the crypto market, with $208 million of that coming from crushed short positions.
$ETH
The rally isn’t happening in a vacuum. Bloomberg data pegs Bitcoin’s 30-day correlation with the Nasdaq 100 Index at 0.70.
Translation: Bitcoin’s price is moving in step with tech-heavy stocks, but not completely locked in. A 1.0 reading would mean total synchronization, while -1 would be like oil and water. This is the backdrop for what might be one of the most unpredictable weeks in financial markets.
Trump’s inauguration and Bitcoin’s wild ride
President-elect Donald Trump is about to take the wheel, with his swearing-in set for January 20. Everyone’s holding their breath.
His promises to make the U.S. the global crypto capital have sparked wild speculation, but so have his potential tariff and immigration policies, which could fuel inflation fears and possibly crash our markets.
“The overall sensitivity to interest rates over the past month suggests increased importance of Wednesday’s CPI print,” said K33 Research. They added that the days leading up to the inauguration could bring a surge in Bitcoin trading activity driven by Trump-induced market momentum.
$SOL
Meanwhile, bond yields and the dollar are flexing. The 10-year Treasury note yield has jumped by 115 basis points since September 18, defying a 40-year trend. Typically, yields drop after rate cuts. Not this time. In fact, the Fed and the market seem to be dancing to completely different tunes.
The Federal Reserve’s January 29 meeting is the next big question mark.
Will their decisions add fuel to Bitcoin’s fire, or will the Fed’s actions pour cold water on it? As things stand, the market is moving in the opposite direction of the Fed—a wild setup no one’s seen in decades. So buckle up.
#CPIPlunge2025 #100kIsComing #MicroStrategyAcquiresBTC #BinanceAlphaAlert #AltcoinBoom
$BTC
Ethereum wasn’t far behind, surging to $3,450 with a tidy 3.5% bump in just 24 hours. If you blinked, you missed $309 million in liquidations across the crypto market, with $208 million of that coming from crushed short positions.
$ETH
The rally isn’t happening in a vacuum. Bloomberg data pegs Bitcoin’s 30-day correlation with the Nasdaq 100 Index at 0.70.
Translation: Bitcoin’s price is moving in step with tech-heavy stocks, but not completely locked in. A 1.0 reading would mean total synchronization, while -1 would be like oil and water. This is the backdrop for what might be one of the most unpredictable weeks in financial markets.
Trump’s inauguration and Bitcoin’s wild ride
President-elect Donald Trump is about to take the wheel, with his swearing-in set for January 20. Everyone’s holding their breath.
His promises to make the U.S. the global crypto capital have sparked wild speculation, but so have his potential tariff and immigration policies, which could fuel inflation fears and possibly crash our markets.
“The overall sensitivity to interest rates over the past month suggests increased importance of Wednesday’s CPI print,” said K33 Research. They added that the days leading up to the inauguration could bring a surge in Bitcoin trading activity driven by Trump-induced market momentum.
$SOL
Meanwhile, bond yields and the dollar are flexing. The 10-year Treasury note yield has jumped by 115 basis points since September 18, defying a 40-year trend. Typically, yields drop after rate cuts. Not this time. In fact, the Fed and the market seem to be dancing to completely different tunes.
The Federal Reserve’s January 29 meeting is the next big question mark.
Will their decisions add fuel to Bitcoin’s fire, or will the Fed’s actions pour cold water on it? As things stand, the market is moving in the opposite direction of the Fed—a wild setup no one’s seen in decades. So buckle up.
#CPIPlunge2025 #100kIsComing #MicroStrategyAcquiresBTC #BinanceAlphaAlert #AltcoinBoom
Currently, if $BTC breaks $102800 resistance zone and goes upside, then $110k-$115k will be possible for Bitcoin.
• In the 1D chart, $BTC tested the $89200 support zone and rebounced from the support zone.
• Currently, $BTC is rejected from a $97200 resistance zone.
• If Bitcoin breaks the resistance of $97200 and goes upside, then the next resistance zone is at $99500. major resistance area is still at $102800.
#ReboundOutlook #100kIsComing #BTCMove
• In the 1D chart, $BTC tested the $89200 support zone and rebounced from the support zone.
• Currently, $BTC is rejected from a $97200 resistance zone.
• If Bitcoin breaks the resistance of $97200 and goes upside, then the next resistance zone is at $99500. major resistance area is still at $102800.
#ReboundOutlook #100kIsComing #BTCMove