Bitcoin's new price follows after hitting $98,000 yesterday Analyst Skew said there are “positive signals in the market” and “there is a lot of spot supply around $100,000 in total.” said.
Bitcoin has been on the rise since early November, and on November 22nd, it was within reach of $100,000.
Bitcoin reached a high of $99,500, according to data from CoinMarketCap. This record comes after Bitcoin topped $98,000 yesterday, pushed by ETF options launches earlier this week.
Yesterday afternoon, Bitcoin fell to $95,000, followed by a rally before rising again.
Analyst Skew said the following about X: “Prices experienced a temporary drop in LTF, but have since risen. We are seeing limit bids continue to rise with potential spot buyers – a positive signal for the market.” Ta.
“The total spot supply for many is around $100,000. Prices are currently eating into this supply ahead of a pretty intense breakout.”
$BTC Binance Spot
Updates since last post
Prices experienced a temporary decline in LTF, but have since risenWe see limit bids continuing to rise with potential spot buyers
~ Positive market signalsTotal spot supply is approximately $100,000
Now the price is falling to this… https://t.co/TruZVGXwTM pic.twitter.com/nGtekY6Y0F
— Skew Δ (@52kskew) November 22, 2024
Joe Constoli, head of growth at Theya and head of organization at Bitcoin Layer, said he expects Bitcoin to reach $100,000 at X.
“Its nature was always destined to be a multi-trillion dollar base layer financial asset. It took 15 years for prices to catch up.”
Market analyst Ali said, “TD Sequential has a sell signal on the 4-hour chart of #Bitcoin $BTC and expects a short-term correction to $97,085.” added.
“A candlestick close above $100,470 could invalidate the bearish formation and push #BTC to $102,656 or $104,343.”
TD Sequential has issued a sell signal on the #Bitcoin $BTC 4-hour chart, expecting a short correction to $97,085!
A candlestick closing above $100,470 could invalidate the bearish formation and push #BTC to $102,656 or $104,343. pic.twitter.com/WiKQTGYNmJ
— Ali (@ali_charts) November 22, 2024
procrypt
It has been on the rise since Donald Trump was re-elected to the White House on November 5th.
Trump, who is currently considered a crypto supporter, made several promises regarding the crypto market during his campaign, one of which was to make the US the “crypto capital of the world.” .
Earlier this week, it was reported that President Trump's transition team is considering the first-ever White House cryptocurrency office.
Once established, this position will serve as a liaison between the digital asset sector, Congress, and key regulatory agencies such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
At the time of publication, Bitcoin is trading at $98,600.
