Bitcoin is a force of nature, oscillating between hope and skepticism. After crossing the legendary $100,000 mark, the flagship cryptocurrency underwent a correction, briefly falling below $98,000. However, this stage has proven to be a new battleground between bulls and bears. Today, Bitcoin is once again conquering the summits, confirming its role as the undisputed leader of digital assets.
Strategic resistance at $98K for Bitcoin
On December 11, Bitcoin once again tested the $98,000 zone, regaining momentum despite recent disappointments, notably that caused by Microsoft. The tech giant refused to add Bitcoin to its treasury, a decision widely criticized by industry figures like MicroStrategy CEO Michael Saylor. With his usual irony, he said: “Everyone is buying Bitcoin at the price they deserve. »
However, this setback did not get rid of the resilience of Bitcoin. The data of Trading View show an immediate recovery, driven by buyers determined to defend their land.
According to specialist analyst Skew, the $97,000 to $98,000 zone remains a delicate balance between supply and demand, a key point in the recent recovery.
The bulls managed to regain control, consolidating their position above this critical resistance. This victory paved the way for a rapid return beyond $100,000, reaffirming the strength of this iconic cryptocurrency.
$100K: Already reached, what now?
Reaching $100,000 for the first time sparked as much celebration as doubt. The correction that followed allowed skeptics to question the sustainability of this rise. However, comparisons to December 2023 show that these kinds of fluctuations are an integral part of Bitcoin's journey.
Michaël van de Poppe, a veteran trader, noted that BTC's current behavior is reminiscent of historical patterns. This pattern suggests temporary volatility, followed by a sustained uptrend. Bulls see this second breakout as a clear signal that long-term momentum remains intact.
Despite macroeconomic uncertainties, notably the impact of inflation in the United States, Bitcoin has often demonstrated its ability to defy predictions. The recent publication of the Consumer Price Index (CPI) confirmed that inflation remains under control, a factor which favors continued increases.
An ambitious future for Bitcoin
With this second crossing beyond $100,000, the bulls do not hide their optimism. They are now considering even more ambitious goals, cementing Bitcoin's status as a leading safe-haven asset. Tensions between buyers and sellers remain palpable, but the key levels are well defined.
As Bitcoin enters a new phase in its trajectory, investors are scrutinizing technical signals and macroeconomic trends to anticipate what happens next. One thing is certain: Bitcoin continues to defy expectations, turning skeptics into believers and pushing the boundaries of what seems possible ever further.
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