Bitcoin\u2019s new price follows after it hit $98,000 yesterday
\nAnalyst Skew said there is \u201cpositive market signal\u201d and that there is \u201ca lot of aggregate spot supply around $100k\u201d<\/p>\n
Bitcoin came within touching distance of $100,000 on November 22 as the asset continues its bull run since the beginning of November.<\/p>\n
Bitcoin nears $100,000. Source: CoinMarketCap<\/a><\/p>\n Data from CoinMarketCap shows Bitcoin<\/a> hit a high of $99,500. The record comes after Bitcoin topped $98,000<\/a> yesterday, pushed along by the launch of ETF options<\/a> earlier this week.<\/p>\n The rally follows after Bitcoin dipped to $95,000 yesterday afternoon before rallying into the green.<\/p>\n Taking to X<\/a>, analyst Skew said: \u201cPrice did see a brief LTF dip before higher thereafter. Still seeing limit bids moving higher with underlying spot buyers ~ positive market signal,\u201d adding:<\/p>\n \u201cA lot of aggregate spot supply around $100k. Price currently is chewing away at this supply, before this has preceded a pretty violent breakout.\u201d<\/p>\n $BTC<\/a> Binance Spot Still seeing limit bids moving higher with underlying spot buyers A lot of aggregate spot supply around $100K<\/p>\n Price currently is chewing away at this\u2026 https:\/\/t.co\/TruZVGXwTM<\/a> pic.twitter.com\/nGtekY6Y0F<\/a><\/p>\n \u2014 Skew \u0394 (@52kskew) November 22, 2024<\/a><\/p>\n\n Joe Constori, head of growth at Theya and institutional lead at the Bitcoin Layer, said on X<\/a> that Bitcoin at $100,000 is going to happen.<\/p>\n \u201cIts properties have always destined it to be a multi-trillion dollar base layer monetary asset. It just took the price 15 years to catch up.\u201d<\/p>\n Market analyst Ali mentioned<\/a> that \u201cthe TD Sequential presents a sell signal on the #Bitcoin $BTC 4-hour chart, anticipating a brief correction to $97,085,\u201d adding:<\/p>\n \u201cA candlestick close above $100,470 will invalidate the bearish formation and potentially push #BTC<\/a> to $102,656 or $104,343.\u201d<\/p>\n The TD Sequential presents a sell signal on the #Bitcoin<\/a> $BTC<\/a> 4-hour chart, anticipating a brief correction to $97,085! <\/p>\n A candlestick close above $100,470 will invalidate the bearish formation and potentially push #BTC<\/a> to $102,656 or $104,343. pic.twitter.com\/WiKQTGYNmJ<\/a><\/p>\n \u2014 Ali (@ali_charts) November 22, 2024<\/a><\/p>\n\n The continued surge follows since Donald Trump<\/a> won his re-election into the White House on November 5.<\/p>\n Trump, now considered pro-crypto, made several promises regarding the crypto market during his election campaign, one of which is to make the US the \u201ccrypto capital of the world<\/a>.\u201d<\/p>\n Earlier this week, it was reported that Trump\u2019s transition team was considering its first-ever White House crypto office<\/a>.<\/p>\n If established, this position would serve as a liaison between the digital assets sector, Congress, and key regulatory agencies such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).<\/p>\n At the time of publishing, Bitcoin is trading at $98,600.<\/p>\n The post Bitcoin gets within touching distance of $100K as rally continues<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin\u2019s new price follows after it hit $98,000 yesterday Analyst Skew said there is \u201cpositive market signal\u201d and that there is \u201ca lot of aggregate spot supply around $100k\u201d Bitcoin came within touching distance of $100,000 on November 22 as the asset continues its bull run since the beginning of November. Bitcoin nears $100,000. Source: […]<\/p>\n","protected":false},"author":0,"featured_media":1925,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1924","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/1924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=1924"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/1924\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/1925"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=1924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=1924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=1924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Update since previous post
Price did see a brief LTF dip before higher thereafter<\/p>\n
~ Positive market signal<\/p>\nPro-crypto<\/h2>\n