{"id":667282,"date":"2024-12-26T16:00:43","date_gmt":"2024-12-26T16:00:43","guid":{"rendered":"https:\/\/ktsl888.com\/?p=667282"},"modified":"2024-12-26T11:18:21","modified_gmt":"2024-12-26T11:18:21","slug":"bitcoin-support-levels-100000","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-support-levels-100000\/","title":{"rendered":"Here Are The Major Bitcoin Support Levels To Watch As Bulls Push For $100,000 Again"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Crypto analyst Trade PSH has revealed the major Bitcoin support levels to watch out for as BTC bulls push for a rally to the <\/span><a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-comeback-100k\/\"><span style=\"font-weight: 400\">psychological $100,000 level<\/span><\/a><span style=\"font-weight: 400\">. The analyst also mentioned what price levels Bitcoin could reach in the short term as it breaks above $100,000.\u00a0<\/span><\/p>\n<h2>Bitcoin Support Levels To Watch Out For As Bulls Push For $100,000<\/h2>\n<p><span style=\"font-weight: 400\">In a <\/span><a href=\"https:\/\/www.tradingview.com\/chart\/BTCUSDT.P\/LZc7uUXJ-BTCUSD\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">TradingView post<\/span><\/a><span style=\"font-weight: 400\">, Trade PSH stated that the local maximum is $99,450 as bulls are repeatedly trying to push the price above $100,000. The crypto analyst also mentioned that the nearest key support zone comes in between $95,000 and $96,600. This aligns with a recent Bitcoinist report that highlighted the <\/span><a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-price-96000-98000\/\"><span style=\"font-weight: 400\">$96,000 level<\/span><\/a><span style=\"font-weight: 400\"> as a crucial support zone.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/dogecoin\/deep-correction-cardano-price\/\">Possible Deep Correction Could Push Cardano Price To $0.43, Here\u2019s How<\/a><\/div>\n<p><span style=\"font-weight: 400\">While the Bitcoin price is moving above this support zone, Trade PSH stated that the primary scenario is continued growth for the flagship crypto. If Bitcoin maintains an uptrend and eventually breaks above the psychological <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-price-satoshimeter\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">$100,000 level<\/span><\/a><span style=\"font-weight: 400\">, the crypto analyst predicts that the intermediate growth target is between $102,000 and $102,757.\u00a0<\/span><\/p>\n<figure id=\"attachment_667288\" aria-describedby=\"caption-attachment-667288\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-667288\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin-1.png?w=460&#038;resize=460%2C253\" alt=\"Bitcoin 1\" width=\"460\" height=\"253\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin-1.png?w=512 512w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin-1.png?w=460 460w\" sizes=\"auto, (max-width: 460px) 100vw, 460px\"><figcaption id=\"caption-attachment-667288\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Based on the current price action, the analyst suggested that Bitcoin could rally to $108,366. This would mark a new <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-surges-to-a-new-all-time-high\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">all-time high (ATH)<\/span><\/a><span style=\"font-weight: 400\"> for the flagship crypto, as its current ATH is $108,268. Meanwhile, Trade PSH mentioned that a drop below $94,300 would invalidate this trade setup.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The analyst\u2019s accompanying chart showed that the Bitcoin price could break above $100,000 and reach these short-term targets before the year ends. While that remains to be seen, it is worth mentioning that January 2025 provides a bullish outlook for the flagship crypto.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Pro-crypto <\/span><a href=\"https:\/\/bitcoinist.com\/crypto-may-see-harrowing-dump-around-trumps-inauguration-warns-arthur-hayes\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Donald Trump<\/span><\/a><span style=\"font-weight: 400\"> is set to take office on January 20, which could lead to the creation of the Strategic Bitcoin Reserve. Historically, Bitcoin also enjoyed a price recovery in January 2021 of the last bull run. As such, history could repeat itself again.\u00a0<\/span><\/p>\n<h2>BTC Is Heading Higher<\/h2>\n<p><span style=\"font-weight: 400\">In an X post, crypto analyst <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoins-uptober-breakout-in-sight\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Titan of Crypto<\/span><\/a><span style=\"font-weight: 400\"> also provided a bullish outlook for the Bitcoin price, stating that the flagship crypto is heading higher. His accompanying chart showed that Bitcoin could rally to as high as $158,000 by May 2025. The chart also showed a price target above $220,000, suggesting that the flagship crypto could rally even higher.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-prediction-12000\/\">Ethereum Price Prediction: Inverse Head And Shoulders Pattern Says ETH Will Touch $12,000<\/a><\/div>\n<figure id=\"attachment_667289\" aria-describedby=\"caption-attachment-667289\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-667289\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin-2.png?w=460&#038;resize=460%2C283\" alt=\"Bitcoin 2\" width=\"460\" height=\"283\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin-2.png?w=512 512w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin-2.png?w=460 460w\" sizes=\"auto, (max-width: 460px) 100vw, 460px\"><figcaption id=\"caption-attachment-667289\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Titan of Crypto alluded to a <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-bull-pennant-158000\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">bullish pennant<\/span><\/a><span style=\"font-weight: 400\">, which he suggested was still in play for the Bitcoin price. This massive bull pennant is forming in the monthly timeframe, and if it plays out, the crypto analyst is confident that Bitcoin will enjoy a parabolic rally to this price target.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, the Bitcoin price is trading at around $98,100, down in the last 24 hours, according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinMarketCap.\u00a0<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/0Q5SL0S5\/\" alt=\"Bitcoin price chart from Tradingview.com\" width=\"3286\" height=\"1518\"><figcaption class=\"wp-caption-text\">BTC price sees short crash | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto analyst Trade PSH has revealed the major Bitcoin support levels to watch out for as BTC bulls push for a rally to the psychological $100,000 level. The analyst also mentioned what price levels Bitcoin could reach in the short term as it breaks above $100,000.\u00a0 Bitcoin Support Levels To Watch Out For As Bulls Push For $100,000 In a TradingView post, Trade PSH stated that the local maximum is $99,450 as bulls are repeatedly trying to push the price above $100,000. The crypto analyst also mentioned that the nearest key support zone comes in between $95,000 and $96,600. This aligns with a recent Bitcoinist report that highlighted the $96,000 level as a crucial support zone.\u00a0 Related Reading: Possible Deep Correction Could Push Cardano Price To $0.43, Here\u2019s How While the Bitcoin price is moving above this support zone, Trade PSH stated that the primary scenario is continued growth for the flagship crypto. If Bitcoin maintains an uptrend and eventually breaks above the psychological $100,000 level, the crypto analyst predicts that the intermediate growth target is between $102,000 and $102,757.\u00a0 Based on the current price action, the analyst suggested that Bitcoin could rally to $108,366. This would mark a new all-time high (ATH) for the flagship crypto, as its current ATH is $108,268. Meanwhile, Trade PSH mentioned that a drop below $94,300 would invalidate this trade setup.\u00a0 The analyst\u2019s accompanying chart showed that the Bitcoin price could break above $100,000 and reach these short-term targets before the year ends. While that remains to be seen, it is worth mentioning that January 2025 provides a bullish outlook for the flagship crypto.\u00a0 Pro-crypto Donald Trump is set to take office on January 20, which could lead to the creation of the Strategic Bitcoin Reserve. Historically, Bitcoin also enjoyed a price recovery in January 2021 of the last bull run. As such, history could repeat itself again.\u00a0 BTC Is Heading Higher In an X post, crypto analyst Titan of Crypto also provided a bullish outlook for the Bitcoin price, stating that the flagship crypto is heading higher. His accompanying chart showed that Bitcoin could rally to as high as $158,000 by May 2025. The chart also showed a price target above $220,000, suggesting that the flagship crypto could rally even higher.\u00a0 Related Reading: Ethereum Price Prediction: Inverse Head And Shoulders Pattern Says ETH Will Touch $12,000 Titan of Crypto alluded to a bullish pennant, which he suggested was still in play for the Bitcoin price. This massive bull pennant is forming in the monthly timeframe, and if it plays out, the crypto analyst is confident that Bitcoin will enjoy a parabolic rally to this price target.\u00a0 At the time of writing, the Bitcoin price is trading at around $98,100, down in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":654971,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[167,428,656,679,1119,89185,1122,1144,78790,6664,26263,14690],"class_list":["post-667282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-analyst","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\n<title>Here Are The Major Bitcoin Support Levels To Watch As Bulls Push For $100,000 Again<\/title>\n<meta name=\"description\" content=\"Crypto analyst Trade PSH has revealed the major Bitcoin support levels to watch out for as BTC bulls push for a rally to the $100,000 level.\" \/>\n<meta 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