Bitcoin - Overview as of 12/12/2024

Financial and commodity markets analytics


Bitcoin surpassed the $100,000 mark

Bitcoin surpassed the $100,000 mark, but faced resistance in the $101,351-$104,088 zone. Further growth could lead to the $113,331 and $125,000 levels. However, volatility remains: a pullback below the 20-day EMA ($96,133) would indicate profit taking and a possible fall to $90,000, a key support level. The uptrend remains in force, but short-term price fluctuations increase risks for leveraged traders. Buyers remain in control, but sustainability above $100,000 will be tested by near-term market moves.