The post Bitcoin Price Touches $100K: Will It Skyrocket or Crash? Find Out Now appeared first on Coinpedia Fintech News Bitcoin has finally reached the monumental $100,000 mark. While some exchanges show it just shy at $99,800, others like Coinbase are already celebrating Bitcoin over $100K. Regardless of the exact number, the milestone is here, and it’s generating a massive buzz. This $100,000 price is a huge psychological barrier, and many are now wondering: what’s …
Vaneck analysts Nathan Frankovitz and Matthew Sigel believe bitcoin’s price surge to record highs reflects a transformative moment for the digital asset, with a potential cycle target of $180,000 driven by favorable U.S. regulatory developments. Bitcoin Rallies on Regulatory Optimism, Vaneck Predicts More All-Time Highs According to Vaneck‘s mid-November analysis, bitcoin’s recent price spike highlights
Most major global financial assets have reacted as largely expected to Donald Trump's victory in the U.S. presidential election earlier this month, as market participants across the globe have digested the potential implications of the American politician's second term. See the chart below for a roundup of the gains and losses in some selected assets: Things to be gleaned from the chart: U.S. outperformance continues with Wall Street marching higher. Meanwhile, European and Asian equities have shown weakness as traders fret over Trump's proposed trade policies including his promise of levying more tariffs - predictably, the Chinese indexes have fallen the most. Yields in Germany and the UK have slipped as market participants have turned to the safety of bonds. The dollar index has strengthened, as the greenback is seen to benefit from a low-tax and high-tariff environment under a second Trump administration. "Since the U.S. election, global markets have probably reacted as you’d have expected if you were concerned about the new administration's trade policy, and if you thought U.S. exceptionalism would continue," Deutsche Bank's Jim Reid said on Thursday. "Obviously, a lot of people have mentioned the 2016 playbook. But it’s worth remembering that the S&P 500 was only up +1% in the 18 months before election day 2016, so there was a lot of room to catch up after a sluggish period. By contrast in 2024, the index was up +40% in the 18 months before the election, so building on that would be historically impressive even if continued U.S. exceptionalism remains the main market take from the election so far," Reid added. There have been some assets that have seen an outsized advance or retreat. See the chart below: Bitcoin ( BTC-USD ) has quickly cemented its place as one of the most prominent "Trump trades" following the Republican candidate's election victory. Its advance has come after Trump embraced the crypto during his election campaign and became the first-ever major U.S. party nominee to accept donations in bitcoin ( BTC-USD ) and other cryptocurrencies. Meanwhile, Tesla ( NASDAQ: TSLA ) stock has soared on hopes that top boss Elon Musk's close relationship with Trump could translate into a benefit for the electric vehicle maker. Speaking of electric vehicles, stocks and exchange-traded funds tied to renewable and solar energy have come under pressure, amid worries that the Republicans would take a much harder stance towards renewable energy projects and spending than the Biden administration. Wall Street on Friday ended the week higher , helped by steady gains as the S&P 500 ( SP500 ) rebounded following a dip post the election. Here are some exchange-traded funds of interest that track the benchmark index: ( VOO ), ( IVV ), ( NYSEARCA: RSP ), ( SSO ), ( UPRO ), ( SH ), ( SDS ), and ( SPXU ). For investors looking to follow the federal government through market instruments, here are some politically driven Republican and Democratic ETFs: God Bless America ETF ( YALL ) American Conservative Values ETF ( ACVF ) Point Bridge America First ETF ( MAGA ) Democratic Large Cap Core ETF ( DEMZ ) Unusual Whales Subversive Democratic ETF ( NANC ) Unusual Whales Subversive Republican ETF ( KRUZ ) More on the markets Asset Class/Key ETF Performance Since Election Day 2024 FTSE 100: When Rates Drop, Stocks Pop UBS upgrades U.S., UK equity markets, downgrades Europe As bitcoin flirts with $100K, see what some SA Analysts are saying Chinese stocks and ETFs slide amid Trump victory as higher tariffs are anticipated
As Bitcoin (BTC) hovers near $100,000, momentum indicators suggest the asset will likely see further upside beyond this much-anticipated level. … Continue reading The post This indicator is a clear sign of Bitcoin surging past $100,000 appeared first on Finbold .
Bitcoin’s resilience is on full display as it approaches the coveted $100,000 mark, propelled by an influx of ETF investments amidst profit-taking by long-term holders. Current trading levels for Bitcoin
Silicon Valley just changed Washington forever. The 2024 election didn’t just bring Donald Trump back into the White House—it flipped Congress into a playground for crypto advocates. Bernie Moreno, a political nobody last year, just knocked out Sherrod Brown, a Senate heavyweight who’s been in office longer than Bitcoin has existed. That was no accident.
A crypto analyst who accurately forecasted the Bitcoin price increase to the $99,000 All-Time High (ATH) has just released a more detailed analysis of his prediction. The analyst shared a chart highlighting crucial technical indicators and price movements that suggest the cryptocurrency could be gearing up for an even higher ATH. Analyst Projects $105,000 As The Next Price Target Weslad, a TradingView analyst, has raised his Bitcoin price forecast, predicting the next upside target at $105,764 as the crypto market bull run gains momentum. The analyst reported that BTC has officially entered the bull market phase, characterized by explosive price increases and positive market sentiment. Related Reading: Bitcoin Price ATH Set To Cross $139,000 According To Previous Election Cycles His recent bullish prediction of the Bitcoin price is grounded on a key technical pattern known as the “Ascending Channel,” which indicates a bullish trend continuation. This chart pattern consists of two upward-sloping trend lines drawn parallel to each other, representing the resistance and support price levels, respectively. Despite his optimistic outlook for the BTC price, Weslad has revealed that investors should anticipate a corrective move toward the immediate buy-back zone, which would provide an optimal entry point for opportunistic buyers. The analyst has also shared a detailed price chart that highlights the bullish ascending channel and key price levels that Bitcoin could reach in the short-term and long-term. Overview Of The Analyst’s Bitcoin Price Chart Analysis In his 4-hour Bitcoin chart, Weslad visualizes the cryptocurrency’s price action within an ascending channel, highlighting that the BTC is moving upwards within two trendlines. The analyst has provided a detailed roadmap for his $105,764 bullish target for the Bitcoin price. Weslad highlighted the price range between $91,000 and $92,000 as an “important demand zone,” which acts as strong support where buyers are likely to step in if BTC slips any further. He also revealed that the price level at $94,327.99 has been identified as an ”immediate buy-back zone,” which also serves as an optimal entry point if BTC experiences any corrective pullback in its price. Related Reading: Crypto Analyst Predicts 37% Upshoot For Dogecoin Price, Points Out Support Levels The analyst has also highlighted $97,537 as the “immediate profit target,” suggesting that traders may consider locking in profits at this critical short-term price level. He has also pinpointed the “mid-term target” for the Bitcoin price, highlighting that the $100,334 mid-term level is important for investors holding longer positions. Lastly, Weslad has highlighted $105,764 as the “projected final target” for Bitcoin, indicating that this may be the ultimate target for the present market cycle. For BTC to reach this bullish price target, it would require only a modest 6.83% increase from its current value. As of writing, the price of Bitcoin is trading at $99,072, marking a 12.73% increase over the past seven days, according to CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Bitcoin approaches the $100,000 milestone, driven by surging ETF demand even as long-term holders take profits.
Key Takeaways: Bitcoin’s price has had trouble maintaining its upward trend after the recent approvals of Spot ETFs, and this has also impacted Bitcoin’s various offshoots, which are also slowing down. As a result, Litecoin is witnessing a steep decline recently and is preparing for a retest of the immediate support. After a sharp decline
Bitcoin’s reserve levels have plummeted to a record low, indicating a potential shift in market dynamics as investor interest intensifies. The recent forecast by a notable DeFi founder suggests a