Bitcoin Approaches $100K: What Investors Need to Know
TL;DR
Bitcoin is nearing the $100,000 mark, having surged 40% since November 5, amid expectations of a crypto-friendly U.S. administration. The cryptocurrency recently broke out from a pennant pattern, indicating a continued bullish trend, with a projected price target of $118,000. Key support levels to watch are $93,000 and $70,000, which could attract buying interest during pullbacks.
Topics:top-newscryptocurrency#bitcoin#cryptocurrency#cryptocurrencymarket#investment#priceanalysis#technicalanalysis
- Bitcoin Price Levels to Watch as Key $100K Level Remains in Sight Investopedia
- Bitcoin’s Rally Stalls After Nearing the Historic $100,000 Level Yahoo Finance
- Bitcoin Blasts Toward $100,000 And It’s Just Getting Started Forbes
- With bitcoin ticking closer to $100,000, here’s a refresher on cryptocurrency Los Angeles Times
- Bitcoin values hit record highs. Should you invest in cryptocurrency? Here's how it works USA TODAY
Want the full story? Read the original reporting
Read on Investopedia