2024

Bitcoin

Coin

<ul class="wp-block-list news-points">
 <li><strong>Bitcoin’s recent surge shows strong investor confidence, but volatility remains high.</strong></li>
 <li><strong>Support at $96,000 and resistance near $104,000 could shape Bitcoin’s price moves.</strong></li>
 <li><strong>BTC’s price in December 2024 may fluctuate between $95,440 and $107,264.</strong></li>
</ul>
<p>Bitcoin’s breach of the $100K mark reaped substantial gains to early investors, but then it also raises concerns for those considering entering the market now. In fact, as Bitcoin reaches new price highs, skeptics like Peter Schiff warn of the potential risks for future buyers. Back in 2019, Schiff <a href="https://x.com/PeterSchiff/status/1192802503856984064" target="_blank" rel="noopener noreferrer nofollow">dismissed the idea</a> of Bitcoin ever reaching $100,000—a claim that now seems misplaced, as the cryptocurrency even traded over $101,000 for a brief period.</p>
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   <p lang="en" dir="ltr">While those selling <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> are cashing out with huge gains, the windfall comes at the expense of buyers left holding the bag. The larger loss will be to society as a whole, as a result of all the capital wasted on this nonsense, that otherwise could have been used productively.</p>— Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1864649092627910953?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 5, 2024</a>
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<p><strong>Bitcoin’s Surge and the Market Sentiment</strong></p>
<p>Bitcoin’s <a href="https://coinedition.com/btcs-wild-ride-63k-to-96k-on-upbit-after-martial-law-repeal/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">rapid rise</a> goes beyond just price; it reflects a broader shift in market sentiment. At <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">$10…</a></p>
<p>The post <a href="https://coinedition.com/bitcoins-100k-a-historic-high-or-a-risky-mirage-for-investors/" rel="noopener noreferrer nofollow">Bitcoin’s $100K: A Historic High or a Risky Mirage for Investors?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin’s $100K: A Historic High or a Risky Mirage for Investors?

Coin Edition

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