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Bitcoin Pushed Past $100kMarket Update - December 6, 2024 Bitcoin breaks contain:  The price of bitcoin surged past the $100,000 mark on Wednesday night, setting off celebrations within the digital asset ecosystem. XRP surpasses Tether’s USDT to claim the third spot in market cap:  A new regulatory regime in the United States has boosted the coin’s prospects. Trump chooses crypto advocate for next SEC chair:  President-elect Donald Trump has selected Paul Atkins, a long-time crypto industry advocate, to lead the Securities and Exchange Commission. Alex Mashinsky pleaded guilty to fraud related to Celsius’ collapse:  Facing up to 30 years in prison, his plea represents a broader reckoning after the 2022 crypto winter. DMM Bitcoin will cease operations after a $305M hack, transferring accounts and assets to SBI VC Trade next year:  The hack, linked to suspected Lazarus Group activity, caused widespread service disruptions and financial losses. Bitcoin Surges Past $100K Mark As Momentum Continues The price of bitcoin surged past $100,000 on Wednesday night, breaking through significant selling resistance to reach an all-time high around $104,000 before dipping back below $100,000 Thursday afternoon. Still, the price of bitcoin has risen nearly 50% over the past 30 days, driven by steady spot bitcoin ETF inflows, continued buying from Michael Saylor’s MicroStrategy, and anticipation of a crypto-friendly administration from president-elect Donald Trump. Bitcoin’s push past $100,000 set off a series of celebrations in the crypto community and served as a victory lap for bulls that endured a 2022 crypto winter that saw the price of bitcoin drop below $17,000. Now just two years later, traditional financial actors have increasingly embraced crypto, with analysts setting a $120,000 near-term price target. Analysts at Bernstein said the price could reach $200,000 by the end of 2025. During an interview at the DealBook Summit on Wednesday, Federal Reserve chair Jerome Powell added more legitimacy to the asset class by comparing it to digital gold. The market price of bitcoin measured in gold has hit 39 ounces, an all-time high. “It’s just like gold, only it’s virtual, it’s digital,” Powell said. “ People are not using it as a form of payment or as a store of value. It’s highly volatile. It’s not a competitor for the dollar, it’s really a competitor for gold.” ➕Topic of the Week: Polymarket: A Decentralized Prediction Market 🫱 Read more here
GEMINI:BTCUSD
by Gemini
TradeCityPro | TIAUSDT Analysis Battling a Daily Resistance👋 Welcome to the TradeCityPro channel! Let’s analyze this promising coin on a day when Bitcoin has set a new all-time high (ATH). As always, we'll break it down step by step to find optimal entry points. 🚀 🏆 Bitcoin Overview Before diving into TIA, let’s take a quick look at Bitcoin BTC recently broke its price ATH and achieved a market cap of $2.04 trillion, surpassing Saudi Aramco and securing the 7th position globally in asset rankings. Following the breakout above 98,857, Bitcoin’s dominance surged, directing attention back to BTC. If dominance remains strong, expect focus to stay on BTC or strong-performing pairs like SUI. 📅 Weekly Time Frame TIA is a newly listed coin with no prior bull market experience but has achieved a solid market cap, ranking 44th overall. After an 80% drop, it ranged in a short box before breaking the 6.268 resistance alongside a trendline break. Currently, TIA faces resistance at 8.783, and an RSI overbought condition post-breakout could trigger a sharp rally towards 11.794. On a pullback, consider support at 6.268 , After 8.783 breakout, confirm the move with lower time frame analysis for safer entries. 🕐 Daily Time Frame The range between 4.221–6.268 shows a consistent pattern of higher lows, indicating growing buyer presence. After closing above the trendline, TIA now struggles at 8.373, with a potential breakout signaling further upward momentum. For safer entries, wait for a daily close above 8.373, setting your stop-loss at 4.67 , The main breakout point was 6.268, but entering now carries slightly higher risk. ⏳ 4-Hour Time Frame TIA is ranging between 7.189–8.740, forming clear triggers for futures trades , As long as 7.189 holds, focus remains on a breakout above 8.740 for long positions. 📈 Long Position Trigger After a clear break of 8.740, ideally with increased volume and momentum. 📉 Short Position Trigger Avoid shorting during a bull run. Wait patiently for new long opportunities. 💡 BTC Pair Insight The TIA/BTC pair has shown downward pressure, but recent green candles indicate a bounce from key support. breakout above 0.00001061 could mark the start of a bullish trend, making it a strong altcoin candidate for growth. 🎯 Conclusion TIA is showing promising bullish potential, but patience and strategic entries are key. Focus on breaking 8.783 and monitor volume for confirmation. Let the market work in your favor while you position for the next major move! 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
7
$BTC Update - Can bitcoin price touch $100-150K milestone?I have already shared bitcoin fundamental confirmations on X. Here are some technical confirmations related to bitcoin 👇 1. Major Bull flag pattern! 2. Big supply at $68K-58K has been succesfully flipped. 3. Hash Ribbon Buy signal! 4. Pi Cycle indicates BTC is yet to form a cycle top! 5. Weekly 50, 100, 200 EMA as support! 6. NO weekly or monthly RSI bearish divergence. Monthly RSI has not yet touched 85-90. 7. Binance funding rates turned negative for the first time since September 2023. IF YOU LIKE THIS UPDATE, PLEASE BOOST & FOLLOW. THANKS.
BITSTAMP:BTCUSDLong
by cnb006
4
📊 Bitcoin Fractal Analysis: Parabola Rhyming Reprint 🔄📈 Analyzing Bitcoin's price action in relation to fractals, especially when comparing periods like April 2020 to April 2021 with April 2023 to April 2025, can offer insights into potential price patterns and trends. 💡 Fractals in financial markets suggest that similar patterns repeat over time, albeit not always with exact precision. 🚀 From April 2020 to April 2021, Bitcoin witnessed a remarkable rally, starting from around $7,000 and peaking above $60,000, followed by a significant correction. 🔍 During this period, several factors influenced Bitcoin's price, including increasing institutional adoption, growing retail interest, macroeconomic uncertainty, and market sentiment swings. ⏳ If we observe a similar fractal from April 2023 to April 2025, we might anticipate a comparable pattern of bullish momentum followed by consolidation or correction. ⚠️ However, it's essential to approach such analyses with caution, considering the numerous dynamic factors impacting Bitcoin's price dynamics, including regulatory developments, technological advancements, macroeconomic conditions, and market sentiment. 🔍 While historical fractals can provide valuable insights into potential price movements, they are not deterministic indicators of future performance. 📚 Investors should complement fractal analysis with fundamental research and risk management strategies to make informed decisions in the volatile cryptocurrency market.
INDEX:BTCUSDLong
by Shibunacci
BTC time to switch ?As things stand BTC will more likely break the ATH , been wrong past 6 months trying to catch a reversal , but i was playing also both sides.Half of my capital currently is invested. I am still sitting on cash with more than 50% of my portofolio in usdt. If we start breaking ATH first target is 86k based on fibonacci but also when looking at 2 previous highs there is a trendline that extends and it correlates with fib extension . First fib extension is 86k , second one is 106k. I still think a 30-40% drop has to occur. If that happens ,buy the dip mode will be ON.
BITFINEX:BTCUSDLong
by CrocoCrypto
Double Top - McDonald's Influence? 🍔📉So, here's the story. Some traders speculate that the double top pattern's inspiration came from none other than the iconic golden arches of McDonald's. Imagine the classic shape of those arches – two rounded tops connected by a straight line in the middle. Now, transfer that image to a price chart, and voilà – you've got yourself a double top! 📉The Trading Twist: While the McDonald's connection might be a fun tidbit, the double top pattern is more about price action than fast food. It's a visual representation of market sentiment shift – from bullish excitement to potential bearish caution. Traders use it as a potential signal to adjust their strategies. 💡A Dash of Creativity: Whether or not the double top pattern truly has a McDonald's connection, it's a reminder that creativity can come from unexpected sources. Traders constantly draw inspiration from various aspects of life, even fast-food logos! 📊Flipping the Chart: Remember, while the double top pattern's origin might remain a tasty mystery, its significance in technical analysis is real. It's a tool that traders use to make sense of market dynamics and potentially spot reversals. So, the next time you see those double peaks on a chart, take a moment to appreciate the potential hidden inspirations behind market patterns. Whether it's burgers or bull markets, creativity knows no bounds in the world of trading! Stay curious, keep your eyes peeled for patterns, and remember – there's always more to the story than meets the eye. 🍔📈 ❗See related ideas below❗ Follow + Like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
by Yaroslav_Krasko
6
BTC possible 100k? Based on the historical significance of certain levels for Bitcoin (BTC), if the current level is broken, the closest new high for BTC is likely to reach 100k. This prediction is based on the fundamental background and previous bull runs, where applying the Fibonacci retracement levels highlights key levels that align with the new ones. For example: Bull run in 2017, Level 1.618(2017) -> 0.618 ( 2020) -> 0.382 (2022-2023) Bull run in 2021, level 1.618(2021) -> 1(2022)
Long
by PavlOK
2
Long-Term Bitcoin Projection | HALVINGIn this chart we have my forecasts and expectations for bitcoin before Halving. I believe we won't have any big significant moves before the same thing happens. Historically speaking, we should have a dormant market until 2023 and 2024 a small improvement and start to rise with the help of the halving and I believe that 2024/2025 is already a moment of euphoria and time to take profits. I will not make any sales of my coins be it altcoins or Bitcoin before this deadline. I believe that the 12k/13k barrier is quite important and crucial as it is a metric that has never been broken before if it gets there, which is to stay below the previous top. But as we are at different times and with a huge recession in the economy and with large increases in interest rates, I think that this scenario cannot be ruled out. Just like in 2018 everyone believed that the bottom was at 6k, Bitcoin went there and surprised everyone once again and melted +50% going to 3k making the last clean of who was in the market, terrifying everyone in general. I think the same is happening now at the 20k level creating a certain stability and I want the 20k to be the bottom. I also think that the Golden Cross can be a very important moment to see the price of Bitcoin go up in case I think the same will only happen if the price keeps moving sideways towards the end of 2023. Breaking the 28k/30k barrier we will have a price that is already quite consolidated and possibly the beginning of a new rally. It is worth mentioning that we may have fleeting moments where the price almost touches this resistance and is rejected or even passes and re-enters the lateralization. Lastly making a crazy projection and in a more personal way for me to see this analysis in the future would be to see +100k Bitcoin in 2024. Attention, all this information is based on my guess and with the knowledge I've acquired since 2017 (ie, no shit) xD.
Long
by iZe4ever
1
BTC 10-14k ac we can see here i count those for u guys all this just corective faces foe the big view off the bull rn rn we hae an expanded flat correction it start from the 65k to 30 wave as 3 waves ( A ) and from 30k to 69K wave as 3 waves ( B ) above the last high RN WE IN WAVE SEE ut;s will be a 5 waves down we in wve 3 RIght now so let's see how thing going to play rsi is bullish because other sold and we got a nice siing wedge // and that' update for the last chart i creat
BITSTAMP:BTCUSDLong
by moad-legend
Everyone Zoom Out! BTC is in an active bull flagI zoomed out 6 months and I've been noticing these two large bull flags that have been forming since as far back as the chart goes back (2014/2015). If the pattern plays out, then bull flag 1 is currently active and bull flag 2 is waiting to breakout. The two bull flags create a very high target zone (200K +). If bull flag 2 breaks down, then we have the top of bull flag 1 to be support. We could also just wick down (scare the crap out of everyone) and then close above the bottom of bull flag 2. I have no idea how this is going to play out. However... 1 We are in an uptrend. The trend is your friend until the end 2 There are two large bull flag patterns (one is active) 3 We are at the support of bull flag 2 4 A retrace to the top of bull flag 1 would be normal market behavior and would be going to test the breakout of a former resistance area (even though it will scare the crap out of everyone and people will say BTC is going to zero). What do you think?
COINBASE:BTCUSD
by XYZ-Trader-
1
BTC 22k range first and 93k ? BTC BTC BTC WE START THE ciycle from the (10 dec 2018 price was 3122 $ ) here were wave 1 start and it hit ( 13k$ at 24 jan 2018 ) we had a nice zig zag correction (5 waves down inside wave A followerd by ABC inside wave B followed by 5 waves down inside wave c ) we HAd zig zag correction ABC AND we found the bottum at ( at coved in 16 marc 2020 price was 3850$ ) here we finished wave 2 corrwction and we start a big wave 3 impulsive it end at ( 2021 / apr /12 price was 65k ) AT 65k bitcoing start ABC correction WE call it ( expanded flat correction ) us we can see wave A from the correction start from ( 65k 2022 12 apr ) and it end at ( 2021 / jun / 21 price was 28k ) WE start wave B and it gose above the last ATH and it end at ( 69k 2021 /nove /15 ) AND now we in wave C the final wave off the ( expanded flat correction ) expect this to end at 18-23k range 1- quations why u think this( expanded flat correction ) ? 2- why u think this will go higher ? answers 1- we start wave 1 and have a zig zag correction on wave 2 { that's 70% sine we could have a ( expanded flat correction ) OR ( daignal correction ) } we saw wave B make a new high so that's why this is an ( expanded flat correction ) 2- Awe in 5 impulsive waves sinse 17 dec 2018 we finished wave on wave 2 wave 3 ( and now we in wave 4 the ocrrection wave and it took the ( expanded flat correction ) so if i am right we will se btc hit 90k at less on wave 5 B if we check the RSI we see a falling wedge at the must 70 % this break to the up side ( and RSI is other sold rn ) if we see the chart we can see bitcoing if just drop so hard from wave B from 69k and didn't have any corraction all the way down so that's sine they will come back to 69k market makers they left liquidity up the will go to take it
BITSTAMP:BTCUSDLong
by moad-legend
2
Will Bitcoin reach 100K?Will Bitcoin reach 100K? The answer is, yes but not. My estimation is mid-2023 (not financial advice). The hype of cryptocurrency right now says it all. There will be a lot of traps to take crypto out of people's wallets. Making them emotional, creating hype, letting them buy crypto at the rise & then bearish mode. In fact, crypto might even fall to 20K. One tip I can give you to make money is, to buy cryptocurrency only at dips. If it falls from that point, don't panic, just buy more. But remember, invest in some strong coins like BTC, ETH, ADA, etc. Only invest the amount which you don't care about if it is lost completely.
BITSTAMP:BTCUSDLong
by Nothingjust
2