Bitcoin

when

<p>What can we expect from Bitcoin after its recent breach of the symbolic $100,000 mark? As the queen of cryptocurrencies now approaches $102,650, speculation is rife about its next destination. Should we expect another surge to unprecedented heights or an unexpected correction? An analysis of on-chain data and market psychology could provide us with valuable clues regarding the next steps for BTC.</p>
<h2 id="h-bitcoin-les-signaux-on-chain-a-surveiller">Bitcoin: on-chain signals to watch</h2>
<p>The <a href="https://www.cointribune.com/tag/bitcoin-btc/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin news</a>: this good old crypto wanderer continues to surprise. After reaching <strong>a record of $102,650</strong>, investors remain curiously cautious. According to Santiment, the market still seems far from euphoria. And that’s good news: when the crowd panics, <strong>buying opportunities flourish</strong>; when it gets excited, it is often time to sell.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div> 
<div class="tradingview-widget-container tradingview--mini-chart">
 <div class="tradingview-widget-container__widget"></div>
 <div class="tradingview--mini-chart--dark">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSDT","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
 </div>
 <div class="tradingview--mini-chart--light">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSDT","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
 </div>
 <div class="tradingview-widget-copyright"><a href="https://fr.tradingview.com/symbols/BTCUSDT/?exchange=BINANCE" rel="noopener noreferrer nofollow" target="_blank"><span class="text-primary-color">BTCUSDT chart</span></a> by TradingView
 </div>
</div> 
<p>The <a href="https://u.today/whats-next-for-bitcoin-on-chain-data-signals-whats-coming" target="_blank" rel="noopener noreferrer nofollow">on-chain data</a> reveals that:</p>
<ul>
 <li>Periods of high selling pressure, such as November 26 and December 2, often precede a rise;</li>
 <li>In contrast, a buying frenzy observed on November 21 and December 5 coincides with declines;</li>
 <li>Currently, <strong>calls to buy on social media are strangely calm</strong>, signaling a possible upside for Bitcoin before a potential correction.</li>
</ul>
<p>As Santiment pointed out:</p>
<p>“<em>This chart is essential to know when to buy (when the crowd panics) and when to sell (when it becomes greedy)</em>“.</p>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/santimentfeed/status/1867727870744735988
 </div>
</figure>
<p>In short, to hope to ride the next wave of BTC, it is better to keep <strong>a close eye on collective psychology</strong>.</p>
<h2 id="h-le-prix-du-btc-une-volatilite-bien-orchestree">The price of BTC: well-orchestrated volatility</h2>
<p>With a price hovering around $100,000, Bitcoin is playing a balancing act. The recent <strong>increase in the Consumer Price Index (CPI) to 2.7%</strong> year-on-year fuels speculation about a potential interest rate decrease by the Federal Reserve. If these forecasts are confirmed, they could provide BTC with a tailwind.</p>
<p>However, investors must stay vigilant: the price of BTC is anything but predictable. Institutions like Bitwise and Bernstein are betting on <strong>a peak of $200,000 by 2025</strong>, while Fundstrat sees even bigger with a forecast of $250,000.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://accounts.binance.com/en/register?ref=35547494" target="_blank" rel="noopener noreferrer nofollow">Your 1st cryptos with Binance</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<p>But in the meantime, Bitcoin is expected to continue to navigate between spectacular rises and brutal corrections.</p>
<p>Thus, according to VanEck, <a href="https://www.cointribune.com/en/vaneck-forecasts-a-dramatic-2025-for-bitcoin-and-crypto-markets/" target="_blank" rel="noopener noreferrer nofollow">2025 promises surprises</a> for Bitcoin: a summer correction of 30% followed by a final sprint to $180,000. Surprises will undoubtedly be on the agenda.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2">
 </div>
</div>

With The Price Reaching 102,650 Dollars, Is Bitcoin Preparing For Another Surge?

Table of Contents

Cointribune EN

Other articles published on Dec 14, 2024

⚠️ Whales are buying $LINK!

Blur (BLUR) and Bounce Token (AUCTION) Confirm Retests After Major Breakouts: What’s Next?

Plus Wallet Emerges as the Top Choice for Security Amid Crypto Liquidation Surge; Binance Web3 Wa...

Microsoft’s decision to not add Bitcoin to its balance sheet was a great idea for both

Crypto Regulation: Who Will Lead CCI After Sheila Warren’s Exit?

Justin Sun calls out Coinbase’s leadership over wBTC delisting controversy

Join our free newsletter for daily crypto updates!