Bitcoin

Momentum

Spot

<ul class="wp-block-list">
 <li>Bitcoin nears its all-time high of $103,679, trading at $101,835.76, with potential to surge 10-12% if $103,000 resistance breaks.</li>  
 <li>Spot Bitcoin ETFs see $5.3B inflows in 13 days, with BlackRock’s ETF leading, holding over 500,000 BTC and driving institutional demand.</li>  
 <li>Rising geopolitical tensions and Trump’s election victory contribute to Bitcoin's upward momentum as a safe-haven asset.</li> 
</ul>  
<p>Bitcoin is edging closer to its all-time high, creating significant excitement among investors. The cryptocurrency has been steadily climbing, supported by strong bullish momentum.</p>  
<p>As of now, Bitcoin is trading at approximately $101,835.76, just 1.7% away from surpassing its record high of $103,679. Analysts suggest a breakthrough could trigger a substantial rally, marking another milestone for the digital asset.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/CryptoFaibik/status/1868167128458916226
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<h2 class="wp-block-heading" id="h-momentum-builds-for-a-potential-breakout"><strong>Momentum Builds for a Potential Breakout</strong></h2>  
<p>In the recent past, renowned trader Captain Faibik has <a href="https://cryptonewsland.com/bitcoin-bull-run-persists-analysts-forecast-100k-all-time-high-by-december/" target="_blank" rel="noopener noreferrer nofollow">identified</a> a clear upward trend in Bitcoin's price movements. The cryptocurrency has consistently formed higher lows, supported by an ascending trendline that highlights robust bullish momentum.</p>  
<p>According to Faibik, if Bitcoin sustains its current trajectory and breaches the $103,000 resistance level, it could rally further by 10-12%. This would propel Bitcoin’s price toward $113,000, setting a new benchmark for the crypto market.</p>  
<p>Notably, the potential breakout is seen as a significant development that could strengthen Bitcoin’s position as the leading digital asset. Market experts believe that such a rally would solidify confidence among investors, particularly as the cryptocurrency market faces increasing scrutiny and competition from emerging technologies.</p>  
<h2 class="wp-block-heading" id="h-institutional-demand-drives-bitcoin-s-surge"><strong>Institutional Demand Drives Bitcoin’s Surge</strong></h2>  
<p>Recently, institutional interest in Bitcoin has been a key factor in its performance. Spot Bitcoin ETFs have witnessed massive inflows for 13 consecutive days, adding over $5.3 billion between late November and mid-December.</p>  
<p>Moreover, BlackRock’s Bitcoin ETF, in particular, has garnered attention by <a href="https://cryptonewsland.com/blackrock-bitcoin-etf-crosses-500000-btc-with-253m-new-purchase/" target="_blank" rel="noopener noreferrer nofollow">accumulating</a> more than 500,000 BTC. This has made it the most traded ETF among its competitors. This surge in institutional demand underscores growing confidence in Bitcoin as a reliable asset.&nbsp;</p>  
<p>Additionally, Wall Street’s increasing engagement reflects a shift in perception, where Bitcoin is no longer seen as a speculative investment but as a long-term store of value. The consistent inflows into ETFs demonstrate the appeal of Bitcoin as a hedge against market volatility and economic uncertainty.</p>  
<h2 class="wp-block-heading" id="h-geopolitical-events-add-momentum-to-bitcoin-s-rally"><strong>Geopolitical Events Add Momentum to Bitcoin’s Rally</strong></h2>  
<p>Furthermore, rising geopolitical tensions and Donald Trump’s recent presidential victory have further fueled Bitcoin’s upward trajectory. Historically, Bitcoin has been viewed as a safe-haven asset during periods of political uncertainty. The current geopolitical climate appears to have reinforced this trend, driving additional interest in the cryptocurrency.</p>  
<p>Therefore, as Bitcoin moves closer to its all-time high, the market remains optimistic about its potential. Analysts continue to monitor key levels and trends that could shape the cryptocurrency’s trajectory in the coming weeks.</p> 
<p>The post <a href="https://cryptonewsland.com/bitcoin-price-set-to-hit-new-all-time-high-next-week/" rel="noopener noreferrer nofollow">Bitcoin Price Set to Hit New All-Time High Next Week</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin Price Set to Hit New All-Time High Next Week

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