🚀 #Bitcoin Breaks 100k$ Milestone: Is $110K Next?


$BTC has soared past $100,000, pushing its market cap to an astounding $2 trillion—surpassing Saudi Aramco and nearing Alphabet in global rankings. Analysts are eyeing $110,000 as the next target, supported by strong metrics and bullish momentum.


📊 Key Indicators:

*/ ADX at 24.4: Signals strengthening trend as buyers dominate.

*/ NUPL at 0.62: Indicates room for growth, with markets still below the overconfidence "euphoria" zone.

*/ EMA Trends: Short-term EMAs firmly above long-term, confirming a bullish setup.


🔮 Price Outlook:

*/If momentum holds, BTC could reach $110K in December.

*/ Support at $99K is crucial; failure to hold could lead to a pullback to $90K before resuming the rally.

With the crypto market heating up, is a new ATH around the corner? 🌟

#BTC Price Analysis#

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December 05, 2024 at 7:50 PM
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