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<p>Bitcoin’s rally has taken the market by storm, and it’s hard to ignore the buzz. On November 21, BTC soared to $97,765, marking an incredible 45% gain in just 16 days. With the price now hovering around $97,154, the big question is: can Bitcoin break the $100K barrier?</p><p>As it inches closer to this historic milestone, there’s more at play than just the numbers. What’s driving this surge, and what’s standing in its way?</p><h2 class="wp-block-heading" id="h-why-bitcoin-is-exploding-right-now">Why Bitcoin Is Exploding Right Now</h2><p>There are several reasons behind Bitcoin’s surge. Since <a href="https://coinpedia.org/news/donald-trump-wins-2024-us-election-crypto-voters-play-a-key-role-in-victory/" rel="noopener noreferrer nofollow">Donald Trump’s re-election</a>, Bitcoin has added over $28,000 to its value, more than tripling from $28,000 a year ago. Its <a href="https://coinpedia.org/price-analysis/bitcoin-dominance-spikes-as-100k-looms-moon-or-pullback/" rel="noopener noreferrer nofollow">market dominance has jumped</a> to 61.5%, the highest since 2021, pushing the overall crypto market cap to an incredible $3.28 trillion.</p><p>These are seriously huge numbers!</p><figure class="wp-block-image aligncenter size-large is-resized"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/21114603/bitcoin-price-chart-3-1024x551.png" alt="bitcoin price chart`" class="wp-image-382802"></figure><p>A key factor driving this rise is the heavy whale activity. Recently, a major player<a href="https://intel.arkm.com/explorer/address/bc1qcpflj68s3ahy4xajez4d8v3vk28pvf7qte2jmlftvxzfke2u6mqsge3gvh" rel="noopener noreferrer nofollow"> bought 3,289 BTC</a> worth $300 million. On top of that, <a href="https://coinpedia.org/news/blackrocks-bitcoin-etf-ibit-options-go-live-on-nasdaq-btc-etf-inflows-drive-95b-aum/" rel="noopener noreferrer nofollow">BlackRock’s Bitcoin ETF</a> saw $628 million in inflows on the same day. These moves are squeezing Bitcoin’s already limited supply, adding to the momentum.</p><figure class="wp-block-image aligncenter size-full"><a href="https://intel.arkm.com/explorer/address/bc1qcpflj68s3ahy4xajez4d8v3vk28pvf7qte2jmlftvxzfke2u6mqsge3gvh" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/21114742/bitcoin-whale-1.png" alt="bitcoin whale" class="wp-image-382806"></a></figure><h2 class="wp-block-heading" id="h-the-big-100k-question">The Big $100K Question</h2><p>Now, here’s where it gets tricky. Bitcoin is just ~2% away from hitting six figures, but resistance is piling up. Sell walls between $98,000 and $100,000 are making it tough to push higher. Plus, overbought signals are flashing red. The RSI, a key momentum indicator, is at 81.01 on the daily chart— Isn't this the level where pullbacks often happen?</p><p>Nate Geraci from the ETF Store put it perfectly: “There’s only so much to go around.” The launch of two Spot Bitcoin ETF Options, all these things add support for Bitcoin to rise.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"> https://twitter.com/NateGeraci/status/1859400256338657438 </div></figure><p>Despite the challenges, the crypto community remains optimistic. Charles Edwards from Capriole Fund suggests that a breakthrough above $100K could kick off a <em>“teleportation phase,”</em> where prices could surge even faster as retail investors jump in, driven by the excitement.</p> [post_titles_links postid="382800"] <h2 class="wp-block-heading" id="h-what-s-next">What’s Next?</h2><p>Bitcoin is at a critical point. If it breaks through $100K, there’s no telling how high it could go. But with whales watching closely and short-term corrections a possibility, the path ahead may not be straightforward. For now, keep an eye on $98,000—it’s the key level to watch as Bitcoin prepares for its next move.</p><p><strong>The countdown to $100K is on, and the excitement around Bitcoin shows no signs of slowing down.</strong></p><h2 class="wp-block-heading" id="h-faqs">FAQs</h2><div class="schema-faq wp-block-yoast-faq-block"><div class="schema-faq-section" id="faq-question-1732188198963"><strong class="schema-faq-question">If Bitcoin Hits 100K What Will Ethereum Be</strong><p class="schema-faq-answer">If Bitcoin hits $100K, Ethereum could surge to $6K–$7K, driven by bullish market sentiment and its strong correlation with Bitcoin.</p></div><div class="schema-faq-section" id="faq-question-1732188313427"><strong class="schema-faq-question">If Bitcoin Hits 100K What Will Dogecoin Be Worth</strong><p class="schema-faq-answer">If Bitcoin hits $100K, Dogecoin could reach $0.15–$0.20, influenced by market momentum and retail-driven hype.</p></div></div>

Bitcoin Price Nears $100,000, but Can the Rally Sustain?

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