CandleFocus

Bitcoin Order Book Shows 'Robust Support' to Hold $100,000 Price: Analyst

Bitcoin has briefly reached a new all-time high of $103,679 before hovering around $103,511. Traders are optimistic about the asset's performance, with strong support at the $100,000 level and weaker resistance below $110,000. There has been a significant inflow of over 8,000 BTC (worth $860 million) onto exchanges. However, it remains uncertain how many investors will take profits at this new high. The volume of Bitcoin trading has already surpassed yesterday's volume, with $98 billion traded so far today. The busiest day for Bitcoin traders this year was November 13, when over $152 billion worth of Bitcoin changed hands.

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