Stay up to date with the CriptoTendencia WhatsApp channel: Instant news about Bitcoin, Altcoins, DeFi, NFT, Blockchain and Metaverse. Subscribe!
BTC reached a new historical milestone by conquering another zero in its valuation, that is, it finally surpassed the 100,000 USD barrier.
The price of Bitcoin continues its bullish streak and finally managed to overcome one of the most important psychological resistances in its history when crossing the line 100 thousand USD. The bullish candle continued to mark a new all-time high at $103,900.
«$100,000 per Bitcoin. Believers, enjoy this moment. “You deserve this.”
It is worth noting that the candles that represented the current rise started from levels close to $95,000. In this way, the price rose to the current levels through 3 huge bullish 4-hour candles in a row.
Graph of the rise in the price of BTC above 100k.
Without going into a deep analysis, according to the RSI, On the chart we see that the price is not even in oversold territorywhich is why at this time it is difficult to establish ceilings.
Factors driving the price of BTC upwards
Various factors and news sent the price of BTC to current levels:
- It is first useful to consider the technical perspective that the BTC price had been insisting on said level for weeks. The bears were in control above $95,000, but were eventually overtaken.
- In addition, the price of Bitcoin has been boosted in recent hours by the statements of the president of the Federal Reserve, Jerome Powell, who stated that Bitcoin is a competitor to gold and not the dollar. These statements resonated in different media.
- This year, Bitcoin exchange-traded funds in the United States have seen net inflows exceeding $31 billion, combined with limited supply due to the fourth Bitcoin halving that (remember) occurred in April.
- Another highly positive news is the recent appointment of Paul Atkins, a Cryptocurrency advocate, by Donald Trump to replace Gary Gensler as chairman of the SEC. This change would be the definitive end to the large regulatory raid that the SEC has carried out in recent years against crypto projects.
- Finally, we can mention Donald Trump’s victory in the US presidential election, along with growing speculation about a strategic national reserve of Bitcoin and the rise of corporate adoption of Bitcoin. As his administration approaches, enthusiasm grows.
BTC: 15 years of all-time highs
The BTC network was launched on January 3, 2009 by Satoshi Nakamoto. Today, almost 16 years later, the price of BTC reached $100,000 for the first time.
The milestones for BTC in terms of price started since it first reached the value of $1 in 2011 and reached peaks of up to $29.6.
In April 2013, the price of BTC reached the record of 100 USD for the first time in its history, while in November of that year it exceeded 1000 USD.
The records continued for BTC at the end of 2017, when it exceeded 10,000 USD and reached highs close to 20 thousand USD. Today, 7 years later, the price of BTC added one more number when it reached 100,000 USD.
P.S.: BTC’s historical gains, according to CoinMarketCap, are now 166,435,022%.
Related
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.
