Bitcoin Surpasses $100,000

Finally, after over a decade of creation, predictions, and market speculation, Bitcoin has achieved and surpassed the monumental $100,000 mark. This milestone follows a wild price expansion from $68,000 to $99,800, captivating investors worldwide. After this surge, Bitcoin entered a reaccumulation phase, consolidating its position. The bullish displacement fell just short of the $100,000 psychological level, leaving traders eagerly awaiting the next move.

 

On the daily chart, lower highs and higher lows began to form as the price stalled at $99,800. This structure created a symmetrical triangle, signalling a strong likelihood of a breakout. Eventually, the breakout occurred, and Bitcoin’s price surged, reaching a staggering $103,000, breaking historical records and setting new market expectations.

BTC Key Levels

• Demand Levels: $99,800, $73,754, $60,268
• Supply Levels: $110,000, $120,000, $130,000

Indicator Analysis

The onset of the reaccumulation phase was evident as the Momentum indicator adopted a negative slope. This decline highlighted a temporary pause in the upward trajectory, allowing the market to consolidate. Now, with the resumption of the uptrend, the Momentum indicator shows a definitive rise, aligning with the renewed bullish momentum.

Bitcoin’s achievement of surpassing $100,000 reinforces its strength as a market leader, attracting institutional and retail interest alike. The continuation of this uptrend may test higher supply levels in the coming weeks.

 

 

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