{"id":41817,"date":"2024-11-21T13:39:08","date_gmt":"2024-11-21T13:39:08","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-tops-98000-as-rally-gains-momentum\/"},"modified":"2024-11-21T13:39:08","modified_gmt":"2024-11-21T13:39:08","slug":"bitcoin-tops-98000-as-rally-gains-momentum","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-tops-98000-as-rally-gains-momentum\/","title":{"rendered":"Bitcoin tops $98,000 as rally gains momentum"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/04\/02_Bitcoin_image-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/04\/02_Bitcoin_image-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/04\/02_Bitcoin_image-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/04\/02_Bitcoin_image-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Bitcoin has jumped to $98,370, its highest-ever price as bulls target $100,000.<\/li>\n<li>The flagship cryptocurrency has rallied higher since Donald Trump\u2019s re-election on Nov. 5<\/li>\n<\/ul>\n<p><a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">Bitcoin<\/a>\u2019s march towards $100,000 continued Thursday as the benchmark crypto asset broke past $98,000 for the first time ever.<\/p>\n<p>Having hit $97k earlier in the day, BTC showed no mercy to the bears as its price stormed to a record high of $98,370 on Coinbase. At the time of writing, the cryptocurrency traded higher by 5.5% in 24 hours, pushing the asset\u2019s market cap to above $1.94 trillion.<\/p>\n<h2>Analysts: \u201cparabolic\u201d phase begins after Bitcoin breaks $100k<\/h2>\n<p>Market conditions, helped by the demand for spot Bitcoin ETFs and the just launched ETF options, are suggesting the digital asset\u2019s value is poised for a major breakout above $100k. Analyst Ali Martinez <a href=\"https:\/\/x.com\/ali_charts\/status\/1859525723809067033\" target=\"_blank\" rel=\"noopener\">shared<\/a> the chart below suggesting a bull flag pattern breakout.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> could reach $100,000 today as it appears to be breaking out of a bull flag on the lower timeframes. <a href=\"https:\/\/t.co\/UKKcXilHO4\">pic.twitter.com\/UKKcXilHO4<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1859525723809067033?ref_src=twsrc%5Etfw\">November 21, 2024<\/a><\/p>\n<\/blockquote>\n<p>Overall, Bitcoin price has jumped more than 30% in two weeks and by more than 46% in the past month. Notably, the world\u2019s largest cryptocurrency has been on a tear since early November, when it began to rise as the US election neared.<\/p>\n<p>On Nov. 5, BTC broke above $69,000 amid projections for a Donald Trump win. The decisive results only fueled bulls further, with the president-elect\u2019s pro-crypto stance adding to the optimism.<\/p>\n<p>In recent days, its Trump\u2019s picks for his cabinet that have fueled fresh belief that the US crypto space is set for a complete flip from the last four years\u2019 outlook.<\/p>\n<p>With interest in BTC just getting onto the mainstream stage, analysts are saying the big FOMO begins when Bitcoin breaks out above $100k.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin has a parabolic phase once every 4 years. The parabolic phase starts after $100K. <a href=\"https:\/\/t.co\/YJUcvVo6Gh\">pic.twitter.com\/YJUcvVo6Gh<\/a><\/p>\n<p>\u2014 Charles Edwards (@caprioleio) <a href=\"https:\/\/twitter.com\/caprioleio\/status\/1859410159153578147?ref_src=twsrc%5Etfw\">November 21, 2024<\/a><\/p>\n<\/blockquote>\n<p>Read more: <a href=\"https:\/\/coinjournal.net\/news\/donald-trumps-transition-team-considering-first-ever-white-house-crypto-office\/\">Donald Trump\u2019s transition team considering first-ever White House crypto office<\/a><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-tops-98000-as-rally-gains-momentum\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin has jumped to $98,370, its highest-ever price as bulls target $100,000. The flagship cryptocurrency has rallied higher since Donald Trump\u2019s re-election on Nov. 5 Bitcoin\u2019s march towards $100,000 continued Thursday as the benchmark crypto asset broke past $98,000 for the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":41818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41817"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=41817"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41817\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/41818"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=41817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=41817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=41817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}