{"id":41879,"date":"2024-11-22T10:03:41","date_gmt":"2024-11-22T10:03:41","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-gets-within-touching-distance-of-100k-as-rally-continues\/"},"modified":"2024-11-22T10:03:41","modified_gmt":"2024-11-22T10:03:41","slug":"bitcoin-gets-within-touching-distance-of-100k-as-rally-continues","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-gets-within-touching-distance-of-100k-as-rally-continues\/","title":{"rendered":"Bitcoin gets within touching distance of $100K as rally continues"},"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\/2024\/10\/bitcoin-price-chart-bull-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/10\/bitcoin-price-chart-bull-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/10\/bitcoin-price-chart-bull-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/10\/bitcoin-price-chart-bull-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li aria-level=\"1\">Bitcoin\u2019s new price follows after it hit $98,000 yesterday<\/li>\n<li aria-level=\"1\">Analyst Skew said there is \u201cpositive market signal\u201d and that there is \u201ca lot of aggregate spot supply around $100k\u201d<\/li>\n<\/ul>\n<p>Bitcoin came within touching distance of $100,000 on November 22 as the asset continues its bull run since the beginning of November.<\/p>\n<figure id=\"attachment_250141\" aria-describedby=\"caption-attachment-250141\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-250141\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/11\/Bitcoin-99000.jpg\" alt=\"\" width=\"1456\" height=\"777\"\/><figcaption id=\"caption-attachment-250141\" class=\"wp-caption-text\">Bitcoin nears $100,000. Source: <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\" target=\"_blank\" rel=\"noopener\">CoinMarketCap<\/a><\/figcaption><\/figure>\n<p>Data from CoinMarketCap shows <a href=\"https:\/\/coinjournal.net\/search\/bitcoin\">Bitcoin<\/a> hit a high of $99,500. The record comes after Bitcoin <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-tops-98000-as-rally-gains-momentum\/\">topped $98,000<\/a> yesterday, pushed along by the <a href=\"https:\/\/coinjournal.net\/news\/blackrocks-bitcoin-etf-options-brings-in-nearly-2b-in-trade-on-day-one\/\">launch of ETF options<\/a> earlier this week.<\/p>\n<p>The rally follows after Bitcoin dipped to $95,000 yesterday afternoon before rallying into the green.<\/p>\n<p>Taking to <a href=\"https:\/\/x.com\/52kskew\/status\/1859830842467778882\" target=\"_blank\" rel=\"noopener\">X<\/a>, analyst Skew said: \u201cPrice did see a brief LTF dip before higher thereafter. Still seeing limit bids moving higher with underlying spot buyers ~ positive market signal,\u201d adding:<\/p>\n<p>\u201cA lot of aggregate spot supply around $100k. Price currently is chewing away at this supply, before this has preceded a pretty violent breakout.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> Binance Spot<br \/>Update since previous post<br \/>Price did see a brief LTF dip before higher thereafter<\/p>\n<p>Still seeing limit bids moving higher with underlying spot buyers<br \/>~ Positive market signal<\/p>\n<p>A lot of aggregate spot supply around $100K<\/p>\n<p>Price currently is chewing away at this\u2026 <a href=\"https:\/\/t.co\/TruZVGXwTM\">https:\/\/t.co\/TruZVGXwTM<\/a> <a href=\"https:\/\/t.co\/nGtekY6Y0F\">pic.twitter.com\/nGtekY6Y0F<\/a><\/p>\n<p>\u2014 Skew \u0394 (@52kskew) <a href=\"https:\/\/twitter.com\/52kskew\/status\/1859830842467778882?ref_src=twsrc%5Etfw\">November 22, 2024<\/a><\/p>\n<\/blockquote>\n<p>Joe Constori, head of growth at Theya and institutional lead at the Bitcoin Layer, said on <a href=\"https:\/\/x.com\/JoeConsorti\/status\/1859665729945207140\" target=\"_blank\" rel=\"noopener\">X<\/a> that Bitcoin at $100,000 is going to happen.<\/p>\n<p>\u201cIts properties have always destined it to be a multi-trillion dollar base layer monetary asset. It just took the price 15 years to catch up.\u201d<\/p>\n<p>Market analyst Ali <a href=\"https:\/\/x.com\/ali_charts\/status\/1859873122389983779\" target=\"_blank\" rel=\"noopener\">mentioned<\/a> that \u201cthe TD Sequential presents a sell signal on the #Bitcoin $BTC 4-hour chart, anticipating a brief correction to $97,085,\u201d adding:<\/p>\n<p>\u201cA candlestick close above $100,470 will invalidate the bearish formation and potentially push<a href=\"https:\/\/x.com\/hashtag\/BTC?src=hashtag_click\"> #BTC<\/a> to $102,656 or $104,343.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The TD Sequential presents a sell signal on the <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> 4-hour chart, anticipating a brief correction to $97,085! <\/p>\n<p>A candlestick close above $100,470 will invalidate the bearish formation and potentially push <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> to $102,656 or $104,343. <a href=\"https:\/\/t.co\/WiKQTGYNmJ\">pic.twitter.com\/WiKQTGYNmJ<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1859873122389983779?ref_src=twsrc%5Etfw\">November 22, 2024<\/a><\/p>\n<\/blockquote>\n<h2>Pro-crypto<\/h2>\n<p>The continued surge follows since <a href=\"https:\/\/coinjournal.net\/search\/donald+trump\">Donald Trump<\/a> won his re-election into the White House on November 5.<\/p>\n<p>Trump, now considered pro-crypto, made several promises regarding the crypto market during his election campaign, one of which is to make the US the \u201c<a href=\"https:\/\/coinjournal.net\/news\/donald-trump-unveils-plan-to-make-usa-the-crypto-capital-of-the-planet\/\">crypto capital of the world<\/a>.\u201d<\/p>\n<p>Earlier this week, it was reported that Trump\u2019s transition team was considering its <a href=\"https:\/\/coinjournal.net\/news\/donald-trumps-transition-team-considering-first-ever-white-house-crypto-office\/\">first-ever White House crypto office<\/a>.<\/p>\n<p>If established, this position would serve as a liaison between the digital assets sector, Congress, and key regulatory agencies such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).<\/p>\n<p>At the time of publishing, Bitcoin is trading at $98,600.<\/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-gets-within-touching-distance-of-100k-as-rally-continues\/\">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\u2019s new price follows after it hit $98,000 yesterday Analyst Skew said there is \u201cpositive market signal\u201d and that there is \u201ca lot of aggregate spot supply around $100k\u201d Bitcoin came within touching distance of $100,000 on November 22 as the [&hellip;]<\/p>\n","protected":false},"author":3947362367,"featured_media":41880,"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\/41879"}],"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\/3947362367"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=41879"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/41880"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=41879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=41879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=41879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}