Bitcoin

Impact

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/will-bitcoin-surpass-the-100000-mark" data-wpel-link="internal" rel="noopener noreferrer nofollow">Will Bitcoin Surpass the $100,000 Mark?</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoin-faces-challenges-breaking-key-resistance-marks" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> is facing challenges in its attempt to hit the $100,000 milestone, currently peaking at $99,655. Market fluctuations have been underscored as significant factors influencing this struggle, particularly due to U.S. government Bitcoin transactions and the recent activities in the altcoin sector.</p>
<h2 style="text-align: justify" id="how-do-u-s-bitcoin-transfers-impact-the-market">How Do U.S. Bitcoin Transfers Impact the Market?</h2>
<p style="text-align: justify">Concerns are growing as reports emerge regarding the U.S. government transferring $2 billion in Bitcoin to exchanges, potentially heightening selling pressure. This scenario could provoke panic among traders, resulting in temporary instability across the market.</p>
<h2 style="text-align: justify" id="will-the-golden-cross-signal-a-bitcoin-rally">Will the Golden Cross Signal a Bitcoin Rally?</h2>
<p style="text-align: justify">Despite these challenges, analysts from CryptoQuant suggest a possible rally for Bitcoin in the upcoming months, highlighted by the appearance of the golden cross indicator. This indicator is often associated with positive market trends, offering optimism to traders.</p>
<p style="text-align: justify">However, challenges remain, including $384 million in Bitcoin ready for sale, complicating efforts to break the $100,000 threshold. Interestingly, a surge in illiquid supply—185,000 <a href="https://en.bitcoinhaber.net/significant-shifts-in-bitcoin-and-ethereum-options-as-expiry-dates-approach" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a> over the past month—indicates that long-term holders are firmly committed to the market.</p>
<ul>
 <li>U.S. transfers may lead to increased market volatility.</li>
 <li>The golden cross could suggest potential upward movement for Bitcoin.</li>
 <li>Long-term holders are maintaining significant positions despite selling pressures.</li>
 <li>Diversification in altcoins reflects positive market trends.</li>
</ul>
<p style="text-align: justify">For Bitcoin to achieve its ambitious target, favorable market conditions and investor vigilance will be crucial in the coming days.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/will-bitcoin-surpass-the-100000-mark" data-wpel-link="internal" rel="noopener noreferrer nofollow">Will Bitcoin Surpass the $100,000 Mark?</a></h5>

Will Bitcoin Surpass the $100,000 Mark?

Table of Contents

BH NEWS

Other articles published on Dec 3, 2024

Grayscale Files for Solana ETF

The Browser Company’s DIA enters AI browser race with Microsoft Edge, Brave, and Opera

New opportunities for MAJOR Tokens holders with Bybit’s Exclusive Limited-Time Event

Coinbase Ends Ties With Firms Hiring Biden Administration Alumni

ETH Spot ETFs Record $644M Trading Volume, Fidelity Gains as Grayscale Faces Outflows

Could Bitcoin Hit $245,000? Famous Expert Weighs In With Projected Timeline

Join our free newsletter for daily crypto updates!