{"id":12427,"date":"2024-12-05T02:44:23","date_gmt":"2024-12-05T02:44:23","guid":{"rendered":"https:\/\/cryptd.in\/bitcoin-price-soars-to-100k-a-new-era-in-crypto-begins\/"},"modified":"2024-12-05T02:44:23","modified_gmt":"2024-12-05T02:44:23","slug":"bitcoin-price-soars-to-100k-a-new-era-in-crypto-begins","status":"publish","type":"post","link":"https:\/\/cryptd.in\/el\/bitcoin-price-soars-to-100k-a-new-era-in-crypto-begins\/","title":{"rendered":"Bitcoin Price Soars to $100K: A New Era in Crypto Begins"},"content":{"rendered":"<p><em>Bitcoin price started a fresh increase and tested the $100,000 level. BTC is now showing many positive signs and might continue to rise.<\/em><\/p>\n<ul>\n<li>Bitcoin is gaining pace above the $96,500 zone.<\/li>\n<li>The price is trading below $98,500 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a key bearish trend line with resistance at $97,550 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair tested the key milestone level at $100,000 and might extend gains.<\/li>\n<\/ul>\n<h2>Bitcoin Price Hits $100K<\/h2>\n<p>Bitcoin price started another increase above the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-95k-plateau\/\" target=\"_blank\" rel=\"noopener \">$96,500 resistance zone<\/a>. BTC was able to clear the $97,500 and $98,000 resistance levels. The bulls even pumped it to a new all-time high.<\/p>\n<p>There was a break above a key bearish trend line with resistance at $97,550 on the hourly chart of the BTC\/USD pair. Finally, the price tested the $100,000 level. The current price action suggests that the price might continue to rise and is stable above the 23.6% Fib retracement level of the upward move from the $64,656 swing low to the $100,000 high.<\/p>\n<p>Bitcoin price is now trading below $98,500 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-hovers-100k\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. On the upside, the price could face resistance near the $100,000 level. The first key resistance is near the $102,000 level. A clear move above the $102,000 resistance might send the price higher.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/Bitcoin_0acf20.png\"><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-657623\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/Bitcoin_0acf20.png?resize=1024%2C478\" alt=\"Bitcoin Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/a><\/p>\n<p>The next key resistance could be $105,000. A close above the $105,000 resistance might send the price further higher. In the stated case, the price could rise and test the $108,000 resistance level. Any more gains might send the price toward the $112,000 level.<\/p>\n<h2>Another Drop In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $100,000 resistance zone, it could start another downside correction. Immediate support on the downside is near the $98,800 level.<\/p>\n<p>The first major support is near the $98,000 level. The next support is now near the $96,500 zone or the 61.8% Fib retracement level of the upward move from the $64,656 swing low to the $100,000 high. Any more losses might send the price toward the $95,000 support in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $98,500, followed by $96,500.<\/p>\n<p>Major Resistance Levels \u2013 $100,000, and $102,000.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a fresh increase and tested the $100,000 level. BTC is now showing many positive signs and might continue to rise. Bitcoin is gaining pace above the $96,500 zone. The price is trading below $98,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":12429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Price Soars to $100K: A New Era in Crypto Begins - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/el\/bitcoin-price-soars-to-100k-a-new-era-in-crypto-begins\/\" \/>\n<meta property=\"og:locale\" content=\"el_GR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Soars to $100K: A New Era in Crypto Begins - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price started a fresh increase and tested the $100,000 level. BTC is now showing many positive signs and might continue to rise. Bitcoin is gaining pace above the $96,500 zone. The price is trading below $98,500 and the 100 hourly Simple moving average. 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