{"id":25881,"date":"2024-12-05T02:44:23","date_gmt":"2024-12-05T02:44:23","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=25881"},"modified":"2024-12-05T02:44:23","modified_gmt":"2024-12-05T02:44:23","slug":"bitcoin-price-soars-to-100k-a-new-era-in-crypto-begins","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=25881","title":{"rendered":"Bitcoin Price Soars to $100K: A New Era in Crypto Begins"},"content":{"rendered":"

Bitcoin price started a fresh increase and tested the $100,000 level. BTC is now showing many positive signs and might continue to rise.<\/em><\/p>\n

Bitcoin is gaining pace above the $96,500 zone.
\nThe price is trading below $98,500 and the 100 hourly Simple moving average.
\nThere was a break above a key bearish trend line with resistance at $97,550 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair tested the key milestone level at $100,000 and might extend gains.<\/p>\n

Bitcoin Price Hits $100K<\/h2>\n

Bitcoin price started another increase above the $96,500 resistance zone<\/a>. BTC was able to clear the $97,500 and $98,000 resistance levels. The bulls even pumped it to a new all-time high.<\/p>\n

There was a break above a key bearish trend line with resistance at $97,550 on the hourly chart of the BTC\/USD pair. Finally, the price tested the $100,000 level. The current price action suggests that the price might continue to rise and is stable above the 23.6% Fib retracement level of the upward move from the $64,656 swing low to the $100,000 high.<\/p>\n

Bitcoin price is now trading below $98,500 and the 100 hourly Simple moving average<\/a>. On the upside, the price could face resistance near the $100,000 level. The first key resistance is near the $102,000 level. A clear move above the $102,000 resistance might send the price higher.<\/p>\n

<\/a><\/p>\n

The next key resistance could be $105,000. A close above the $105,000 resistance might send the price further higher. In the stated case, the price could rise and test the $108,000 resistance level. Any more gains might send the price toward the $112,000 level.<\/p>\n

Another Drop In BTC?<\/h2>\n

If Bitcoin fails to rise above the $100,000 resistance zone, it could start another downside correction. Immediate support on the downside is near the $98,800 level.<\/p>\n

The first major support is near the $98,000 level. The next support is now near the $96,500 zone or the 61.8% Fib retracement level of the upward move from the $64,656 swing low to the $100,000 high. Any more losses might send the price toward the $95,000 support in the near term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $98,500, followed by $96,500.<\/p>\n

Major Resistance Levels \u2013 $100,000, and $102,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh increase and tested the $100,000 level. BTC is now showing many positive signs and might continue to rise. Bitcoin is gaining pace above the $96,500 zone. The price is trading below $98,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with […]<\/p>\n","protected":false},"author":0,"featured_media":25882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-25881","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25881"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25881"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25881\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/25882"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}