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Breaking News: Bitcoin Bounces Back Above $100K – Is the Bull Run Resuming or a
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Breaking News: Bitcoin Bounces Back Above $100K – Is the Bull Run Resuming or a
Correction Ahead?




BITCOIN GAINS MOMENTUM, APPROACHING THE $100,000 BENCHMARK WITH STRONG SUPPORT

Godspower Owie
9 hours ago
3 mins read

Este artículo también está disponible en español.

Bitcoin is capturing global attention as its price surges toward the monumental
$100,000 mark, a level that holds psychological and technical significance in
the cryptocurrency market. This move is backed by strong market support and
rising optimism among institutional and retail investors.

The current uptrend showcases Bitcoin’s resilience as key support levels have
successfully absorbed selling pressure, paving the way for sustained bullish
momentum. Analysts suggest that the ongoing rally could redefine market
dynamics, potentially attracting a new wave of capital and solidifying BTC’s
dominance in the crypto space.

Approaching this critical benchmark, Bitcoin faces its next big test, which is
breaking through the $100,000 resistance level. Surpassing this level could open
the door for even higher price levels as investor confidence reaches new
heights. On the other hand, failure to breach this milestone might trigger a
short-term correction, offering a strategic entry point for those waiting on the
sidelines.

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RECENT MOVE SIGNALS UPTREND FOR BTC

Bitcoin’s recent rally can be ascribed to several key factors. Institutional
investors have increasingly embraced Bitcoin, recognizing it as a store of value
and a hedge against inflation.


RELATED READING

BITCOIN PRICE CLIMBS: IS THIS THE START OF A BIGGER RALLY?

17 hours ago

Additionally, growing adoption from retail investors with Bitcoin’s limited
supply has created a perfect storm for price appreciation. As Bitcoin pushes
higher, strong support levels have allowed it to maintain its bullish
trajectory, with each price surge being met with healthy buying interest

Technical indicators also point to continued upside potential. Momentum
oscillators, such as the Relative Strength Index (RSI), are currently in
favorable positions, suggesting that Bitcoin’s uptrend is likely to continue in
the near term. Furthermore, the price has consistently maintained above critical
moving averages, reinforcing the overall optimistic sentiment in the market.


BTC’s uptrend triggered by a positive positioning of the RSI indicator | Source:
BTCUSDT on Tradingview.com

As Bitcoin nears the $100,000 mark, it may face new challenges, including
potential resistance levels and heightened volatility. However, the
cryptocurrency’s ability to maintain strong support, coupled with an
increasingly positive market environment, positions it for continued growth. If
Bitcoin can break through the $100,000 level and sustain its momentum, it may
set the stage for a new growth phase, targeting higher levels in the future.


CAN BITCOIN MAINTAIN ITS UPWARD TRAJECTORY BEYOND $100,000?

If Bitcoin breaks through the $100,000 mark and sustains its upbeat momentum, it
could open the door to more growth, targeting the $104,268 resistance level. A
decisive move above this level might drive Bitcoin toward the next hurdle at
$108,311.


RELATED READING

BITCOIN SET FOR ENCOUNTER WITH KEY $99,900 PRICE LEVEL – ANALYST

2 days ago

However, should BTC fail to surpass the $100,000 resistance level, it may face
increased selling pressure and a possible pullback to its previous low of 
$93,257, where bullish momentum can be reignited.


BTC trading at $99,010 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from iStock, chart from Tradingview.com
Tweet123Share196ShareSend





GODSPOWER OWIE

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria.
I grew up with my three siblings who have always been my idols and mentors,
helping me to grow and understand the way of life.



Read more

My parents are literally the backbone of my story. They’ve always supported me
in good and bad times and never for once left my side whenever I feel lost in
this world. Honestly, having such amazing parents makes you feel safe and
secure, and I won’t trade them for anything else in this world.

I was exposed to the cryptocurrency world 3 years ago and got so interested in
knowing so much about it. It all started when a friend of mine invested in a
crypto asset, which he yielded massive gains from his investments.

When I confronted him about cryptocurrency he explained his journey so far in
the field. It was impressive getting to know about his consistency and
dedication in the space despite the risks involved, and these are the major
reasons why I got so interested in cryptocurrency.

Trust me, I’ve had my share of experience with the ups and downs in the market
but I never for once lost the passion to grow in the field. This is because I
believe growth leads to excellence and that’s my goal in the field. And today, I
am an employee of Bitcoinnist and NewsBTC news outlets.

My Bosses and co-workers are the best kinds of people I have ever worked with,
in and outside the crypto landscape. I intend to give my all working alongside
my amazing colleagues for the growth of these companies.

Sometimes I like to picture myself as an explorer, this is because I like
visiting new places, I like learning new things (useful things to be precise), I
like meeting new people - people who make an impact in my life no matter how
little it is.

One of the things I love and enjoy doing the most is football. It will remain my
favorite outdoor activity, probably because I'm so good at it. I am also very
good at singing, dancing, acting, fashion and others.

I cherish my time, work, family, and loved ones. I mean, those are probably the
most important things in anyone's life. I don't chase illusions, I chase dreams.

I know there is still a lot about myself that I need to figure out as I strive
to become successful in life. I’m certain I will get there because I know I am
not a quitter, and I will give my all till the very end to see myself at the
top.

I aspire to be a boss someday, having people work under me just as I’ve worked
under great people. This is one of my biggest dreams professionally, and one I
do not take lightly. Everyone knows the road ahead is not as easy as it looks,
but with God Almighty, my family, and shared passion friends, there is no
stopping me.

Close






Disclaimer: The information found on NewsBTC is for educational purposes only.
It does not represent the opinions of NewsBTC on whether to buy, sell or hold
any investments and naturally investing carries risks. You are advised to
conduct your own research before making any investment decisions. Use
information provided on this website entirely at your own risk.




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