Breaking
December 12, 2024

Bitcoin Price Reclaims $100K: Is the Bull Run Back On? Aayush Jindal | usagoldmines.com

Bitcoin price remained supported above the $95,500 zone. BTC is up over 5% and is now trading above the $100,00 resistance zone.

  • Bitcoin started a fresh increase above the $97,500 zone.
  • The price is trading above $98,800 and the 100 hourly Simple moving average.
  • There was a break above a key bearish trend line with resistance at $97,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could correct some gains before it attempts to surpass the $102,000 resistance zone.

Bitcoin Price Regains Strength

Bitcoin price formed a base and started a fresh increase above the $98,000 zone. There was a move above the $98,800 and $99,200 levels.

During the increase, there was a break above a key bearish trend line with resistance at $97,500 on the hourly chart of the BTC/USD pair. The pair even cleared the $100,000 level. A high was formed at $101,900 and the price is now consolidating gains.

It is slowly moving lower toward the 23.6% Fib retracement level of the recent wave from the $94,314 swing low to the $101,900 high. Bitcoin price is now trading above $100,000 and the 100 hourly Simple moving average.

Bitcoin Price

On the upside, the price could face resistance near the $101,400 level. The first key resistance is near the $102,000 level. A clear move above the $102,000 resistance might send the price higher. The next key resistance could be $104,000. A close above the $104,000 resistance might send the price further higher. In the stated case, the price could rise and test the $105,000 resistance level. Any more gains might send the price toward the $108,000 level.

Another Decline In BTC?

If Bitcoin fails to rise above the $102,000 resistance zone, it could start another downside correction. Immediate support on the downside is near the $100,000 level.

The first major support is near the $98,200 level or the 50% Fib retracement level of the recent wave from the $94,314 swing low to the $101,900 high. The next support is now near the $97,250 zone. Any more losses might send the price toward the $95,000 support in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $100,200, followed by $98,200.

Major Resistance Levels – $102,000, and $104,000.

 

This articles is written by : Nermeen Nabil Khear Abdelmalak

All rights reserved to : USAGOLDMIES . www.usagoldmines.com

You can Enjoy surfing our website categories and read more content in many fields you may like .

Why USAGoldMines ?

USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.

Recent:

Crypto News | Bitcoin steadies below $99,000 as US inflation data meets expectations Liam 'Akiba' Wr...
Crypto News | Hong Kong lawmaker questions government’s stance on Bitcoin amid rising global signifi...
Crypto News | Bitcoin velocity hits 12-year low as institutional demand drives up price Andjela Radm...
Crypto News | Democrat’s increase opposition to party’s anti-crypto position calling Bitcoin ‘the fu...
Crypto News | Coincheck crypto exchange enters Nasdaq as second publicly traded US crypto exchange O...
Crypto News | Bitcoin recovers $100k price level as expectations of Fed rate cut rise Gino Matos | u...
Crypto News | SEC charges three people for impersonating securities brokers in $2.9 million Bitcoin-...
Crypto News | Alabama state auditor calls to establish Bitcoin reserve Assad Jafri | usagoldmines.co...
Crypto News | Riot Platforms completes $525 million notes offering to fuel Bitcoin buying Assad Jafr...
Crypto News | Crypto startups attract $800 million in VC backing during November Gino Matos | usagol...
Crypto News Today: US Inflation Holds Steady at 2.7% in November Mustafa Mulla | usagoldmines.com
Top Crypto News Shaping the Ecosystem This Week Vijay Gir | usagoldmines.com
Trader Turns $2.5K Into $200K: A High-Stakes XRP Bet Pays Off Mustafa Mulla | usagoldmines.com
Time to Buy Cardano? $186 Million ADA Flows Out of Exchanges Chandan Gupta | usagoldmines.com
Here’s When XRP Price And Other Altcoins Will Pump Again Anjali Belgaumkar | usagoldmines.com
$46 Million in XRP Leaves Binance, Buy Signal or What? Chandan Gupta | usagoldmines.com
Solana (SOL) Set For Bull Run, Insights From On-Chain Data Chandan Gupta | usagoldmines.com
Dogecoin (DOGE) Poised For 20% Price Drop if This Happens  Chandan Gupta | usagoldmines.com
XRP Price Prediction For December 12 Anjali Belgaumkar | usagoldmines.com
Pro-XRP Lawyer Slams SEC’s Crenshaw as ‘Disgrace’ As Senate Panel Delays Vote Anjali Belgaumkar | u...
Ethereum Whales Fuel December Hype for This Blockchain That Could Transform DeFi Cryptopolitan Media...
XRP Price Winning Streak: Is More Upside on The Horizon? Aayush Jindal | usagoldmines.com
Japanese exchange Coincheck goes from giant hack to Nasdaq — joins Coinbase on US stock market Graha...
Hidden Driver Of Bitcoin’s Rally: Coinbase Dominance Fades, Binance Takes The Lead Samuel Edyme | us...
Ethereum Price Preps for Breakout: Will Bulls Drive a Massive Upswing? Aayush Jindal | usagoldmines....
Pudgy Penguins NFT break $100k floor price, surpassing Bitcoin in value Nellius Irene | usagoldmines...
Eric Trump’s Bold Call: Bitcoin To Soar To $1 Million In ‘Financial Revolution’ Christian Encila | u...
Ubisoft and Arbitrum set Dec. 18 for the launch of Web3 shooter ‘Captain Laserhawk’ Nellius Irene | ...
Supreme Court Allows Class-Action Lawsuit Against Nvidia Over Crypto Mining Claims Hassan Shittu | u...
South Korean Court Upholds Hancom ‘Altcoin Slush Fund’ Scion’s 3-Year Jail Term Tim Alper | usagoldm...
XRP Price Prediction: Last Phase Of ABC Wave Points To A Bounce To New ATH At $5.85 Scott Matherson ...
Pro-crypto Lana Negrete appointed mayor of Santa Monica, California Collins J. Okoth | usagoldmines....
Whales buy Bitcoin and XRP dip as bull cycle shows resilience Cryptopolitan News | usagoldmines.com
Kenya’s National Fire Brigades Association becomes the first labor union to adopt a Bitcoin reserve ...
Solana Welcomes Ethereum Prodigy – Is A Price Surge On The Horizon? Christian Encila | usagoldmines....
Balancer V3 debuts with Aave, unveils boosted pools and advanced developer tools Nellius Irene | usa...
Google launches Gemini 2.0, claims it’s a model for “everything” Enacy Mapakame | usagoldmines.com
Bitcoin retakes $100k after US inflation data and Trump’s promise to keep his eye on price Jai Hamid...
Bitcoin Bursts Back Above $101,000 As Ripple’s XRP, Dogecoin, And Cardano Stage Incredible Comeback ...
PEPE Investor Turns $3,000 Into $73 Million – Is This the Greatest Crypto Flip Ever? Simon Chandler ...
Solana Poised for $295 Surge After Correction – Are the Bulls Ready to Take Control? Harvey Hunter |...
Solana’s Raydium Tops Uniswap in Monthly Decentralized Exchange Trading Volumes Again Sam Cooling | ...
Tron Forms Massive Bull Flag After Smashing ATH; Hedera and Lunex Network Continues Upsurge To $1 Cr...
Microsoft Shareholders Reject Bitcoin Treasury Proposal Victor | usagoldmines.com
Gomble Games Launches GOMBLE BUILDERS Platform Victor | usagoldmines.com
Xverse Wallet Now Supports Solana to Bitcoin Swaps Victor | usagoldmines.com
Ripple Gets NY Approval for RLUSD Stablecoin Victor | usagoldmines.com
Eric Trump Says Crypto is the Future Victor | usagoldmines.com
Andrew Sorrell, Alabama’s auditor general, says yes to state strategic Bitcoin reserve Collins J. Ok...
Phantom wallet brings direct Pump.fun and Moonshot token swaps Hristina Vasileva | usagoldmines.com
Goldman Sachs wants to invest in Bitcoin and Ethereum Jai Hamid | usagoldmines.com
Who falls first in the trillion dollar gamble? Bitcoin or MicroStrategy? Jai Hamid | usagoldmines.co...
POPCAT’s Firm Support At $1 Reignites Rally Toward New Heights Godspower Owie | usagoldmines.com
Horde mode, boss replays, and new gear in Black Myth: Wukong’s update Collins J. Okoth | usagoldmine...
Aptos turned into one of the most successful L1 with 1800% growth Hristina Vasileva | usagoldmines.c...
Bitget prepares for MiCA compliance with proposed Europe regional hub Florence Muchai | usagoldmines...
Can Adobe lead in AI? Investors await market results in ‘make-or-break’ situation Noor Bazmi | usago...
Bitcoin leverage eases as exchange-held USDT balances surge Collins J. Okoth | usagoldmines.com
AI returns as a leading narrative with top projects in the green Hristina Vasileva | usagoldmines.co...
Fortnite enters its FPS era with Ballistic mode Noor Bazmi | usagoldmines.com
US inflation climbs to 2.7%, putting the Federal Reserve in a bind Jai Hamid | usagoldmines.com
Will the FED cut rates tomorrow? Here’s what the inflation data is pointing to Florence Muchai | usa...
U.S. Treasury yields remain largely unchanged as CPI rises to 2.7% Collins J. Okoth | usagoldmines.c...
Trump Wants Bitcoin at $150,000 – Will His Return Spark the Next Big Rally? Arslan Butt | usagoldmin...
Bitcoin CME Chart Shows Striking Similarities To 2023, Here’s What Happened Last Time Scott Matherso...
Trump Would Love For Bitcoin To Hit $150,000 Early In His Presidency, New Report Reveals Brenda Ngar...
Billionaire Investor Ray Dalio Would Rather Have Bitcoin Over Bonds Amid Looming Global Debt Crisis ...
Ripple’s RLUSD Stablecoin Wins Final Regulatory Approval — Is XRP Ready For A Go At $5? Brenda Ngari...
India’s Central Bank Governor Sees Huge Potential of CBDC Jimmy Aki | usagoldmines.com
XRP Price Drops Below $2.20 – Was $1.94 the Key to Its Next Bullish Surge? Harvey Hunter | usagoldmi...
Kyrgyzstan Passes Law Defining Digital Som CBDC Framework Hassan Shittu | usagoldmines.com
Ethereum Price Bounces Back to $3,800 – New ATHs Coming This Month? Joel Frank | usagoldmines.com
Roger Ver: US Intelligence “Hijacked” Bitcoin, Turned It Into “Financial Trap” Veronika Rinecker | u...
MicroStrategy’s Nasdaq 100 Status Tied to ICB Classification: Bloomberg Intelligence Hongji Feng | u...
NEAR and LTC Registers Over 60% Monthly Gain: New DeFi Coin Aims for 100X Price Rally Amid Bull Mark...
BNB and SUI Breaks Out of Consolidation, Rallying to Catch Up With This Altcoin Explosive Gains Cryp...
European Central Bank heads for last rate cut of year – Here’s what’s on the table Florence Muchai |...
Solana and Lightchain AI The Future of Blockchain Innovation This Winter Cryptopolitan Media | usago...
XRP Price Defies Bearish Crypto Trend, Rallies 6%: Key Drivers Revealed Jake Simmons | usagoldmines....
NEAR and LTC Registers Over 60% Monthly Gain: New DeFi Coin Aims for 100X Price Rally Amid Bull Mark...
Solana Price At $4,000? Cup And Handle Pattern Shows Why This Is Possible Scott Matherson | usagoldm...
Bitcoin Finds Support At $94.5K As STH Realized Prize Signals Strength Sebastian Villafuerte | usago...
Synthetix Acquires TLX in Token-for-Token Deal Ruholamin Haqshanas | usagoldmines.com
Hong Kong to Expedite Licensing for Crypto Trading Platforms Jimmy Aki | usagoldmines.com
Russia Follows in U.S. Footsteps, State Deputy Pushes For Strategic Bitcoin Reserve Harvey Hunter | ...
Bitget Eyes Lithuania for EU Regional Hub Amid MiCA Compliance Plans Hassan Shittu | usagoldmines.co...
FTX recovers $14.5 million from settlement of 27 small claims Cryptopolitan News | usagoldmines.com
Wall Street banks bet US stocks will cool in 2025 as investors divest from AI boom Florence Muchai |...
Polkadot 2.0 To Deliver Higher Scalability as Stellar Gains Price Momentum; Lunex Network Set for 10...
President Trump vows to keep a close eye on Bitcoin’s price while in the Oval Jai Hamid | usagoldmin...
Wall Street is confident about Trump – Here’s why Florence Muchai | usagoldmines.com
Tether’s USDT Hits New High—330 Million Wallets And Counting Christian Encila | usagoldmines.com
Goldman Sachs Considering Bitcoin is Exactly How Best Wallet Is Slated to Reach $4.4bn of the Non-Cu...
Horde mode, boss replays, and new gear in Black Myth: Wukong’s update Collins J. Okoth | usagoldmine...
Lessons from $LUIGI as $SLAP Gains 220% NewsBTC | usagoldmines.com
Crypto user loses $7.8 million in SolvBTC as phishing scams surge on social media Oluwapelumi Adejum...
Bahrain’s Crown Prince receives the first Crypto.com crypto card Lara Abdul Malak | usagoldmines.com
Elon Musk wowed by Javier Milei after the president ends Argentina’s 123 years deficit Florence Much...
Solana Will ‘Step Back Into The Spotlight’ Once It Reclaims $222 – Details Sebastian Villafuerte | u...
US: Crypto and Blockchain to Outpace Banking, $FLOCK Vote-to-Earn Token Surges past $5.5M NewsBTC | ...

Leave a Reply