As a seasoned researcher with years of experience navigating the volatile cryptocurrency market, I find myself continuously intrigued by the resilience and unpredictability of Bitcoin (BTC). The recent bullish trend, despite the sellers’ pressure, is reminiscent of a rollercoaster ride that I have grown to love and fear simultaneously.
The market remains bullish despite sellers’ pressure, according to CoinStats.
BTC/USD
The price of Bitcoin (BTC) has gone up by 3.36% over the last day.
On an hourly timeframe, the primary cryptocurrency has been consistently increasing following its surge past the resistance threshold. If today’s candle closes around $98,000 or higher, we might expect further growth towards approximately $99,000.
Over a longer period, it’s advisable to keep an eye on the $99,121 price point. If this level is surpassed, there could be a chance for a breakthrough in resistance, potentially leading us towards the $100,000 region.
From the midterm point of view, the price of BTC is on its way to testing the $99,800 level.
If the growth trend persists up until the end of the week, traders could potentially see a fresh record high in the near future.
Bitcoin is trading at $98,018 at press time.
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2024-11-29 19:20