BTC Hits $100K, Immediately Shoots Through the Milestone | BinanX News

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I had a pretty interesting journey up to this point. After the last few years of bullish and bearish sentiments, the crypto asset finally broke out and started growing significantly in early November. almost exactly 1 month ago.

Since then, for most of November and early December, Bitcoin fluctuated around the $95,000 to $97,000 levels, failing to end its push towards the $100,000 price. That is, until the early hours of December 5th… today – when it not only reached the target price, but also exceeded it, consolidating (at least for the moment) at the level of $102,000.

What does this mean for the market going forward? When analyzing the feelings that have persisted over the last month, it is clear that this milestone can go both ways. Some experts predict that this will be the beginning of a new cycle, with Bitcoin The price shoots up even more and the alternative market follows in its footsteps.

Others, however, fear major sell-offs and liquidations of long positions, seeing the milestone as a kind of sign that sentiment is changing and that we are about to enter the bearish phase of the cycle.

While it is unclear how the broader market will react to this historic event in the coming days, the fear and greed index You are currently comfortably in the “Extreme Greed” zone.which could indicate possible additional growth, at least in the short term.

Whatever the case, one thing is certain: history has been made, with a major milestone that has been “in the making” for the past 15 years. No matter how you look at it, Today is a day of celebration for the Bitcoin and cryptocurrency community around the world..

To honor this momentous occasion, BitDegree has been launched a new mission exploring the history of Bitcoin. The mission, “Bitcoin $100K Special: Watch History Unfold,” includes a giveaway with a prize pool of 1,000 USDC.