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#BTCReclaims101K Bitcoin has recently shown significant volatility around the $101,000 mark. Until the latest update, Bitcoin managed to reclaim the $101,000 level on December 7, 2024, when it was trading at $100,052.63 USD. However, as of December 11, 2024, the price has dropped to $97,997.11 USD, indicating that holding above this price point continues to be challenging. Market analysts and traders have discussed the potential for Bitcoin to break and stabilize above $100,000, with some optimism based on the resilience of the support level and the lack of significant supply at higher prices that could potentially push the price higher. However, there is also caution about the marketâs tendency to see a correction after such a rally, with attention to how the price action develops within identified technical structures such as a bullish flag or resistance trend. For those looking to understand market sentiment or more detailed technical analysis: Bitcoinâs reclaiming of the $101,000 price level has been a topic of interest, with traders discussing the importance of key support and resistance levels such as $98,300 for further upside. Current price dynamics suggest a market where Bitcoin is attempting to establish new norms above previous peaks, with traders and analysts closely watching for signs of continued bullish movement or a possible pullback. Social media posts reflect a mix of bullish sentiment with cautionary advice about managing expectations and positions in this highly volatile market environment. Always consider the volatility of cryptocurrencies and rapid changes in market conditions when analyzing or acting on such information. #BTCReclaims101K
Bitcoin price rose slightly by 0.37% today, reaching the level of $ 97,212 or equivalent to Rp1,549,351.62. Here are some factors that influenced the increase in Bitcoin price: *Key Factors* 1. *Derivatives Market Stability*: Bitcoin derivatives market is currently in a healthier condition, which is needed for a surprise rally to a new all-time high š. 2. *Institutional Interest*: Bitcoin exchange-traded funds (ETFs) in the United States added $ 15.2 billion in assets since October 10, indicating strong interest from institutional investors š. 3. *Business Purchases*: MicroStrategy, Riot Platforms, and Marathon Digital have been actively buying Bitcoin in recent weeks, with MicroStrategy buying 21,550 BTC at an average price of $ 98,783 per Bitcoin š. *Supporting Factors* 1. *Price Volatility*: Bitcoinâs drastic price volatility has scared off newcomers and reduced the attractiveness of the investment, but reduced leverage has given holders more confidence š. 2. *Futures*: Bitcoinâs monthly futures contract remains 15% above the spot market price, providing room for additional bullish positions š. 3. *Funding*: Funding rates peaked at 9% per month on December 5, but have been flat since the price dropped to $94,200 on December 9 š. BTCUSDT Perp 100,380.6 +5.42%#BTC_MARKET_UPDATE #BecomeCreator $BTC #BTC
MAJOR Airdrop You Must Try! Hey, crypto buddies! You must have heard about the $MAJOR airdrop, right? This is an opportunity to get free tokens from a rising crypto project. This airdrop is usually held to attract the attention of the crypto community and expand the reach of the project. Don't forget to check the whitepaper so you know more about the vision and mission of this project. Also, make sure your account is verified so you can participate. Many crypto influencers are discussing this airdrop, so follow them for the latest info and tips. Also, there are many airdrop trackers that can help you stay updated with ongoing airdrops. So, don't miss this opportunity! #MajorAirdropWatch $MAJOR Disclaimer: Contains third party opinions. Not financial advice. May contain sponsored content. Read T&Cs. 448 Views 1 Liked Times 1 Quoted Times 0 Shared Times 1 Reply Most Relevant Latest Kunamku like #MajorAirdropWatch