CandleFocus Bitcoin (BTC) Breaks $100,000, Hits $2 Trillion Market Cap: What’s Next
2024-12-05
Author: Content Editor
Bitcoin (BTC) has achieved a historic milestone by crossing $100,000 for the first time and reaching a market cap of $2 trillion. This positions BTC as more valuable than Saudi Aramco and close to Alphabet in terms of market cap. The EMA lines and other key metrics indicate that BTC's current uptrend is likely to continue. The ADX on the DMI chart is rising, suggesting a strengthening trend and a build-up in momentum that could drive further price movement. The NUPL chart shows that BTC's market sentiment is bullish, but it has not yet entered the "Euphoria" zone, indicating room for further growth. The price chart shows a strongly bullish configuration, with BTC potentially testing $110,000 in the near future. However, the price may retest key support at $99,000 before attempting to reach new highs.
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