Is Bitcoin Taking Another Run at 100k?

As a seasoned researcher with years of experience navigating the volatile world of cryptocurrencies, I find myself intrigued by Bitcoin’s recent surge. Having witnessed the rollercoaster ride that is Bitcoin, I can’t help but feel a sense of deja vu as it hovers just below the $100,000 mark.


As an analyst, I observed a surprising surge in Bitcoin‘s value late Wednesday evening, with the cryptocurrency climbing 3.3% to reach $99,234. Over the past fortnight, Bitcoin has been confined within a range of $94,000 and $99,000, as it accumulates strength at these levels.

It appears that breaking the $100,000 mark is imminent, but we’ll need to get past a massive group of sellers who are resistant.

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2024-12-05 00:50