This crypto news content discusses the recent price movement of Bitcoin and the potential for a surge to $102,557. Bitcoin reached a 24-hour high of $99,881 and is approaching a $2 trillion market cap, increasing the chances of a breakout. The article mentions the psychological resistance level of $100,000 and how it triggered a quick pullback. The current price is retesting the 50 EMA and showing support from the dynamic average. The article also notes that Bitcoin reserves on the Binance exchange have dropped significantly, indicating a potential bullish recovery. If Bitcoin closes above $100,000, it is likely to challenge the resistance level of $102,557, but a pullback below the 20 EMA may test the 200 EMA at $96,427.
- Content Editor ( thecryptobasic.com )
- 2024-12-26
Bitcoin Path to Recapture $100K: Short-Term Volatility Increases Odds of Bullish Breakout