Is BTC Hitting $100,000 Next Amid Bullish Momentum?

The world’s largest cryptocurrency, Bitcoin (BTC), has seen massive price growth these past weeks.

Bitcoin reached an all-time high of $93,434 on November 13, which also rubbed off on other coins.

According to CoinMarketCap, over the past 30 days, BTC has recorded an increase of 34.43%. While the rally has pulled back slightly, Bitcoin remains above the $91,000 threshold. Currently, BTC is hovering around $91,800, up 1.22% over the past 24 hours.

The crypto market remains bullish, with investors anticipating significant growth and price surges as the pro-crypto Trump administration takes over. 

Based on this bullish sentiment, analysts have predicted a surge to $100,000 before 2024 ends. Can Bitcoin sustain momentum to reach this target? This analysis will provide insights into BTC’s possible price direction in the coming days.

Will BTC Surge to $100K? Bullish Technical Indicators Suggest Strong Momentum

Bitcoin (BTC) has been showing strong upward momentum, with several key technical indicators pointing toward a potential price surge. 

One of the most important signals is the 200-day and 50-day Simple Moving Averages (SMA). Bitcoin’s price is currently trading above these important levels, suggesting intense buying pressure. 

Additionally, these two moving averages have formed what is known as a “golden cross.” This crossover often attracts more traders to the market, believing that Bitcoin is likely to continue rising.

Another key indicator supporting Bitcoin’s bullish outlook is the Moving Average Convergence Divergence (MACD). Currently, the MACD line is above its signal line with green histogram bars. This confirms that the momentum is on the upside, as many traders are confident in Bitcoin’s continued price growth.

This is an encouraging sign for Bitcoin’s potential to keep climbing.

Bollinger Band Breakout and PVT Support

Looking at another technical chart, Bitcoin is about to breach the upper Bollinger Band. A breakout would likely attract even more traders to enter the market, adding to the buying pressure.

Supporting this bullish analysis is the Price Volume Trend (PVT) indicator, which is currently holding strong at 44,000. With Bitcoin holding firm at this level, it indicates strong market interest, which could propel the price higher.

So, can Bitcoin Reach $100,000? Based on the bullish indicators, Bitcoin has a solid foundation for further growth. All things being equal, Bitcoin has the potential push toward $100K in the coming days. 

Analysts Predict BTC Price to Hit $320,000 Amid Bullish Sentiment

Crypto analyst Gert van Lagen predicts Bitcoin is entering the final stage of a bullish trend. According to him, the current price movement signals the beginning of a sub-wave 5 formation. 

This wave is typically associated with rising prices and marks the last part of a larger uptrend, which has been in progress since January 2023. Van Lagen’s analysis is rooted in Elliott Wave Theory, a method used to predict market trends through patterns in investor behavior. 

The sub-wave 5, van Lagen explains, suggests the bullish momentum will continue. He believes this could drive Bitcoin’s price much higher in the coming months.

Based on this analysis, van Lagen forecasts Bitcoin’s price to reach a range between $220,000 and $320,000. 

While Bitcoin’s overall outlook remains optimistic, with technical indicators suggesting a bullish trend, diversifying your portfolio with other coins is worth considering. 

FreeDum Fighters ($DUM) Presale Surges with Political Twist and Staking Rewards

For investors looking for alternative low-cap coins, the crypto new project, FreeDum Fightes ($DUM) could be worth considering. 

FreeDum Fighters ($DUM) stands out for its unique mix of political satire and innovative staking options. For the past few days, the presale has been raising significant funds, positioning $DUM for growth in the crypto market.

Meanwhile, the multichain token is available on major networks like Ethereum, Base, BSC, and Solana.

FreeDum Fighters ($DUM) Presale Rises as Political Ties Boost Interest

FreeDum Fighters ($DUM) is gaining notable traction in the crypto world, blending political humor with a creative staking model. 

Its native token, $DUM, operates across multiple blockchains, including Ethereum, Base, Binance Smart Chain, and Solana, making it easily accessible to a wide range of investors.

One of the standout features of the project is its staking system. In this system, users can put their DUM stakes on either MAGATRON (Donald Trump) or Kamacop (Kamala Harris). 

Each staking option comes with attractive annual percentage yields (APYs). According to the presale website, MAGATRON stakes will earn 490%, and Kamacop stakes can receive a massive 1,866%. 

Also, weekly debates between the two factions create an additional revenue stream for investors, as the winning side receives $DUM airdrops. This combination of staking rewards and engaging community events has made FreeDum Fighters a buzzworthy project.

Progressing Presale and Potential Gains

The FreeDum Fighters presale has already seen impressive growth, raising over $594,000, with 10.23 billion tokens sold. 

The current price of $DUM stands at $0.000085, but as the presale advances through its stages, the price is expected to increase. This presents a significant opportunity for early investors to capitalize on potential future profits.

Though branded as a meme coin, FreeDum Fighters could be much more. Its PoliFi theme and staking features give it a competitive edge against more established meme coins like PEPE or DOGE. 

Rida is a dedicated crypto journalist with a passion for the latest developments in the cryptocurrency world. With a keen eye for detail and a commitment to thorough research, she delivers timely and insightful news articles that keep her readers informed about the rapidly evolving digital economy.

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