Bitcoin's price is steadily approaching the $100,000 milestone, with a 1.42% surge in the past 24 hours and dominance above $96,000. The 4-hour chart shows a bullish breakout of the resistance trend line and a potential golden crossover between the 20 and 50 EMA lines. However, institutional support for Bitcoin weakens as BlackRock's Bitcoin ETF experiences a massive outflow of $332.62 million, the largest ever. Despite this, the bull run is expected to target the immediate resistance at $99,514 and potentially reclaim the $100,000 mark. A decline below the 100 EMA line could lead to a retest of the 50 EMA line at $95,304.
- Content Editor ( thecryptobasic.com )
- 2025-01-03
Bitcoin Bulls Target $99,514 Amid Golden Crossover Potential