After a correction, Bitcoin soars again beyond $100K.

Bitcoin is a force of nature, oscillating between hope and skepticism. After surpassing the mythical 100,000 $ mark, the flagship cryptocurrency underwent a correction, briefly falling below 98,000 $. However, this phase has proven to be a new battleground between bulls and bears. Today, Bitcoin is back on the conquest of heights, confirming its role as the undisputed leader of digital assets.

A strategic resistance at 98K $ for Bitcoin

On December 11, Bitcoin once again tested the 98,000 $ zone, regaining momentum despite recent disappointments, notably that caused by Microsoft. The tech giant refused to add Bitcoin to its treasury, a decision widely criticized by industry figures like Michael Saylor, CEO of MicroStrategy. With his usual irony, he stated: “Everyone buys Bitcoin at the price it deserves.”

Yet, this setback did not diminish Bitcoin’s resilience. Data from TradingView shows an immediate recovery, driven by buyers determined to defend their territory.

According to Skew, a specialized analyst, the 97,000 $ to 98,000 $ zone remains a delicate balance between supply and demand, a key point in the recent recovery.

Bulls have managed to regain control, consolidating their position above this critical resistance. This victory has opened the way for a swift return beyond 100,000 $, reaffirming the strength of this emblematic cryptocurrency.

100K $: Already reached, and now?

Reaching 100,000 $ for the first time sparked as much celebration as doubt. The subsequent correction allowed skeptics to question the sustainability of this rise. However, comparisons with December 2023 show that such fluctuations are an integral part of Bitcoin’s journey.

Michaël van de Poppe, an experienced trader, noted that the current behavior of BTC resembles historical patterns. This pattern suggests temporary volatility, followed by a sustained upward trend. Bulls see this second breakout as a clear signal that the long-term momentum remains intact.

Despite macroeconomic uncertainties, particularly the impact of inflation in the United States, Bitcoin has often demonstrated its ability to defy predictions. The recent release of the Consumer Price Index (CPI) confirmed that inflation remains under control, a factor that favors the continuation of the rise.

An ambitious future for Bitcoin

With this second crossing beyond 100,000 $, bulls do not hide their optimism. They now envision even more ambitious targets, consolidating Bitcoin’s status as a leading safe-haven asset. The tensions between buyers and sellers remain palpable, but key levels are well defined.

As Bitcoin enters a new phase in its trajectory, investors are scrutinizing technical signals and macroeconomic trends to anticipate what comes next. One thing is certain: Bitcoin continues to defy expectations, turning skeptics into believers and pushing the limits of what seems possible even further.