{"id":658110,"date":"2024-12-06T09:30:47","date_gmt":"2024-12-06T09:30:47","guid":{"rendered":"https:\/\/ktsl888.com\/?p=658110"},"modified":"2024-12-05T17:28:48","modified_gmt":"2024-12-05T17:28:48","slug":"as-bitcoin-trades-above-100k-analysts-reveal-what-could-be-next","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/bitcoin-news\/as-bitcoin-trades-above-100k-analysts-reveal-what-could-be-next\/","title":{"rendered":"As Bitcoin Trades Above $100K\u2014Analysts Reveal What Could Be Next"},"content":{"rendered":"<p data-pm-slice=\"1 1 []\">Bitcoin has achieved a major milestone, trading at six-figure levels for the first time since its inception. On Thursday, the cryptocurrency reached a new all-time high of $103,679, marking a year-to-date surge of over 140% and pushing its market capitalization above $2 trillion.<\/p>\n<p data-pm-slice=\"1 1 []\">This achievement has reignited enthusiasm within the investor community, <a href=\"https:\/\/ktsl888.com\/bitcoin-news\/retail-demand-surges-for-bitcoin-the-journey-towards-100k-and-beyond-begins\/\" target=\"_blank\" rel=\"noopener \">solidifying Bitcoin\u2019s position<\/a> as a key player in the global financial market.<\/p>\n<p data-pm-slice=\"1 1 []\">Despite this impressive feat, Bitcoin has experienced a slight retracement. At the time of writing, it <a href=\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-30-day-trader-profits-healthy-btc-100000\/\" target=\"_blank\" rel=\"noopener \">trades at $101,573<\/a>, still up by 6% in the past 24 hours.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/bitcoin-news\/retail-demand-surges-for-bitcoin-the-journey-towards-100k-and-beyond-begins\/\" target=\"_blank\" rel=\"noopener \">Retail Demand Surges for Bitcoin: The Journey Towards $100K and Beyond Begins?<\/a><\/div>\n<h2 data-pm-slice=\"1 1 []\">What Comes Next?<\/h2>\n<p data-pm-slice=\"1 1 []\">Market intelligence platform IntoTheBlock <a href=\"https:\/\/twitter.com\/intotheblock\/status\/50186894?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">weighed in<\/a> on this development, offering insights into Bitcoin\u2019s potential trajectory. The platform&#8217;s analysts highlighted that Bitcoin\u2019s capped supply and growing interest from institutional investors and even countries create significant upward potential.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Bitcoin breaks $100.000!<\/p>\n<p>A major milestone, but what&#8217;s next?<\/p>\n<p>With a limited supply and substantial interest from large investors (and even countries), the potential seems limitless. However, we recommend taking a look at prior cycles to evaluate potential.<\/p>\n<p>This chart shows\u2026 <a href=\"https:\/\/t.co\/5b60oTRJy3\" target=\"_blank\" rel=\"noopener nofollow\">pic.twitter.com\/5b60oTRJy3<\/a><\/p>\n<p>\u2014 IntoTheBlock (@intotheblock) <a href=\"https:\/\/twitter.com\/intotheblock\/status\/50186894?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">December 5, 2024<\/a><\/p><\/blockquote>\n<p data-pm-slice=\"1 1 []\">However, past cycles suggest diminishing returns, with historical post-halving cycles showing returns of 7,900% in 2013, 2,560% in 2017, and 594% in 2021.<\/p>\n<figure style=\"width: 1821px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GeAzV6hWkAET8mJ?format=jpg&amp;name=large\" alt=\"Bitcoin price performance by halving.\" width=\"1821\" height=\"563\"><figcaption class=\"wp-caption-text\">Bitcoin price performance by halving. | Source: IntoTheBlock<\/figcaption><\/figure>\n<p data-pm-slice=\"1 1 []\">Based on these trends, IntoTheBlock expect a more conservative growth range of 100%-200% from the halving price, suggesting a peak between $130,000 and $190,000. IntoTheBlock analysts particularly wrote:<\/p>\n<blockquote>\n<p data-pm-slice=\"1 1 []\">So while some are calling for a million dollars per Bitcoin, a more reasonable expectation would be a <span class=\"r-b88u0q\">100%-200% return from the halving price<\/span>, placing the top between 130k and 190k.<\/p>\n<\/blockquote>\n<p data-pm-slice=\"1 1 []\">However the analysts also pointed out: &#8220;That is, unless Bitcoin becomes a global reserve asset of course.&#8221;<\/p>\n<h2 data-pm-slice=\"1 1 []\">Analyzing Market Trends and Investor Behaviour<\/h2>\n<p>Meanwhile, a CryptoQuant analyst has provided<a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/67514c8540b3ae5ea554ae6b-Coinbase-buyers-continue-without-slowing-down\" target=\"_blank\" rel=\"noopener nofollow\"> additional insights<\/a> into Bitcoin\u2019s recent performance and market behaviour. According to the analyst, Bitcoin purchases continue to rise, with the Coinbase Premium Index reflecting strong buying activity in the United States.<\/p>\n<p>The index, which tracks the difference in price between Coinbase Pro and Binance, shows <a href=\"https:\/\/ktsl888.com\/bitcoin-news\/1-87b-bitcoin-withdrawals-from-coinbase-in-24h-what-this-means-to-price\/\" target=\"_blank\" rel=\"noopener \">sustained positive<\/a> data, indicating active participation by US investors.<\/p>\n<figure style=\"width: 1280px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/img.cryptoquant.com\/213990\/quicktake\/zMDCcDI_d44d59bd0597f979dead0d3a31f26803ffe73b5002dfd691718a020230158f92.png?resize=1280%2C720&#038;ssl=1\" alt=\"Bitcoin Coinbase Premium Index.\" width=\"1280\" height=\"720\"><figcaption class=\"wp-caption-text\">Bitcoin Coinbase Premium Index. | Source: CryptoQuant<\/figcaption><\/figure>\n<p>The analyst emphasized the importance of monitoring this index alongside broader trend analysis. For example, during periods classified as \u201cfear phases,\u201d where buyers retreat and <a href=\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-exchange-reserves-plunge-to-multi-year-lows-will-btc-gain-from-supply-crunch\/\" target=\"_blank\" rel=\"noopener \">bearish momentum<\/a> fails to materialize, the market often creates opportunities for strategic entry points.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/bitcoin-news\/1-87b-bitcoin-withdrawals-from-coinbase-in-24h-what-this-means-to-price\/\" target=\"_blank\" rel=\"noopener \">$1.87B Bitcoin Withdrawals From Coinbase In 24H \u2013 What This Means To Price<\/a><\/div>\n<p>If the index remains in the positive zone, it signals a <a href=\"https:\/\/ktsl888.com\/bitcoin-news\/is-bitcoin-100000-goal-in-jeopardy-options-market-show-increased-downside-protection\/\" target=\"_blank\" rel=\"noopener \">continuation of the uptrend<\/a>, making pullbacks an optimal time for positioning. Until Bitcoin reaches what the analyst describes as the \u201cexcess phase,\u201d buying positions should be held, while profitable positions should be secured to mitigate risk.<\/p>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/9qwQssuk\/\" alt=\"Bitcoin (BTC) price chart on TradingView\" width=\"2770\" height=\"1496\"><figcaption class=\"wp-caption-text\">BTC price is moving upwards on the 1-hour chart. Source: BTC\/USDT on TradingView.com<\/figcaption><\/figure>\n<p>Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has achieved a major milestone, trading at six-figure levels for the first time since its inception. On Thursday, the cryptocurrency reached a new all-time high of $103,679, marking a year-to-date surge of over 140% and pushing its market capitalization above $2 trillion. This achievement has reignited enthusiasm within the investor community, solidifying Bitcoin\u2019s position as a key player in the global financial market. Despite this impressive feat, Bitcoin has experienced a slight retracement. At the time of writing, it trades at $101,573, still up by 6% in the past 24 hours. Related Reading: Retail Demand Surges for Bitcoin: The Journey Towards $100K and Beyond Begins? What Comes Next? Market intelligence platform IntoTheBlock weighed in on this development, offering insights into Bitcoin\u2019s potential trajectory. The platform&#8217;s analysts highlighted that Bitcoin\u2019s capped supply and growing interest from institutional investors and even countries create significant upward potential. Bitcoin breaks $100.000! A major milestone, but what&#8217;s next? With a limited supply and substantial interest from large investors (and even countries), the potential seems limitless. However, we recommend taking a look at prior cycles to evaluate potential. This chart shows\u2026 pic.twitter.com\/5b60oTRJy3 \u2014 IntoTheBlock (@intotheblock) December 5, 2024 However, past cycles suggest diminishing returns, with historical post-halving cycles showing returns of 7,900% in 2013, 2,560% in 2017, and 594% in 2021. Based on these trends, IntoTheBlock expect a more conservative growth range of 100%-200% from the halving price, suggesting a peak between $130,000 and $190,000. IntoTheBlock analysts particularly wrote: So while some are calling for a million dollars per Bitcoin, a more reasonable expectation would be a 100%-200% return from the halving price, placing the top between 130k and 190k. However the analysts also pointed out: &#8220;That is, unless Bitcoin becomes a global reserve asset of course.&#8221; Analyzing Market Trends and Investor Behaviour Meanwhile, a CryptoQuant analyst has provided additional insights into Bitcoin\u2019s recent performance and market behaviour. According to the analyst, Bitcoin purchases continue to rise, with the Coinbase Premium Index reflecting strong buying activity in the United States. The index, which tracks the difference in price between Coinbase Pro and Binance, shows sustained positive data, indicating active participation by US investors. The analyst emphasized the importance of monitoring this index alongside broader trend analysis. For example, during periods classified as \u201cfear phases,\u201d where buyers retreat and bearish momentum fails to materialize, the market often creates opportunities for strategic entry points. Related Reading: $1.87B Bitcoin Withdrawals From Coinbase In 24H \u2013 What This Means To Price If the index remains in the positive zone, it signals a continuation of the uptrend, making pullbacks an optimal time for positioning. Until Bitcoin reaches what the analyst describes as the \u201cexcess phase,\u201d buying positions should be held, while profitable positions should be secured to mitigate risk. Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":658131,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,629,1119,78790,10923,83531,79112],"class_list":["post-658110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-market","tag-btc","tag-btcusdt","tag-crypto-market","tag-cryptoquant","tag-intotheblock"],"acf":[],"yoast_head":"\n<title>As Bitcoin Trades Above $100K\u2014Analysts Reveal What Could Be Next<\/title>\n<meta name=\"description\" content=\"Bitcoin has achieved a major milestone, trading at six-figure levels for the first time since its inception. 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On Thursday, the cryptocurrency reached a new\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/bitcoin-news\/as-bitcoin-trades-above-100k-analysts-reveal-what-could-be-next\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-06T09:30:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-05T17:28:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-05-18.19.53-A-visually-stunning-digital-illustration-depicting-Bitcoin-trading-above-100000-with-a-futuristic-financial-chart-in-the-background-suggesting-upw.jpg?fit=1024%2C1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samuel Edyme\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@0xEdyme\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel Edyme\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/bitcoin-news\/as-bitcoin-trades-above-100k-analysts-reveal-what-could-be-next\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/bitcoin-news\/as-bitcoin-trades-above-100k-analysts-reveal-what-could-be-next\/\"},\"author\":{\"name\":\"Samuel Edyme\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\"},\"headline\":\"As Bitcoin Trades Above $100K\u2014Analysts Reveal What Could Be Next\",\"datePublished\":\"2024-12-06T09:30:47+00:00\",\"dateModified\":\"2024-12-05T17:28:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/bitcoin-news\/as-bitcoin-trades-above-100k-analysts-reveal-what-could-be-next\/\"},\"wordCount\":515,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/bitcoin-news\/as-bitcoin-trades-above-100k-analysts-reveal-what-could-be-next\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-05-18.19.53-A-visually-stunning-digital-illustration-depicting-Bitcoin-trading-above-100000-with-a-futuristic-financial-chart-in-the-background-suggesting-upw.jpg?fit=1024%2C1024\",\"keywords\":[\"bitcoin\",\"bitcoin market\",\"btc\",\"BTCUSDT\",\"crypto market\",\"cryptoquant\",\"IntoTheBlock\"],\"articleSection\":[\"Bitcoin News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/bitcoin-news\/as-bitcoin-trades-above-100k-analysts-reveal-what-could-be-next\/\",\"url\":\"https:\/\/ktsl888.com\/bitcoin-news\/as-bitcoin-trades-above-100k-analysts-reveal-what-could-be-next\/\",\"name\":\"As Bitcoin Trades Above $100K\u2014Analysts Reveal What Could Be Next\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/bitcoin-news\/as-bitcoin-trades-above-100k-analysts-reveal-what-could-be-next\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/bitcoin-news\/as-bitcoin-trades-above-100k-analysts-reveal-what-could-be-next\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-05-18.19.53-A-visually-stunning-digital-illustration-depicting-Bitcoin-trading-above-100000-with-a-futuristic-financial-chart-in-the-background-suggesting-upw.jpg?fit=1024%2C1024\",\"datePublished\":\"2024-12-06T09:30:47+00:00\",\"dateModified\":\"2024-12-05T17:28:48+00:00\",\"description\":\"Bitcoin has achieved a major milestone, trading at six-figure levels for the first time since its inception. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/ktsl888.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"As Bitcoin Trades Above $100K\u2014Analysts Reveal What Could Be Next","description":"Bitcoin has achieved a major milestone, trading at six-figure levels for the first time since its inception. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. 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