Blockchair's logo

Top Reasons Why Bitcoin Price is Poised to Surge & Sustain Above $100K in the Next 24 Hours Coinpedia 10 Dec 2024

Top Reasons Why Bitcoin Price is Poised to Surge & Sustain Above $100K in the Next 24 Hours 🚀

The recent Bitcoin (BTC) price volatility saw significant liquidations amounting to over $1.78 billion from overleveraged positions. This large-scale liquidation triggered a downward movement, causing a 6% drop and bringing the Bitcoin price down to a low of around $94,000.

However, the sellers seem to be running out of steam, and the Bitcoin price has begun to recover. As of now, the BTC price has climbed back up and is currently trading above $98,000. This rebound suggests that the market is poised for a potential surge.

Analysts believe that with the exhaustion of selling pressure, Bitcoin is primed to surpass the $100,000 mark within the next 24 hours. The momentum is expected to sustain as the demand for BTC continues to push prices higher.

Source: coinpedia.org ↗

Similar articles (19)

Bitcoin Price Analysis: BTC Above $100K; US CPI Fuels Price Momentum and ETF Optimism Cryptonews 12 Dec 2024
Bitcoin Price Analysis: BTC Above $100K; US CPI Fuels Price Momentum and ETF Optimism
Bitcoin Sways at the $100K Margin After Recent Price Breakout TheNewsCrypto 09 Dec 2024
Bitcoin Sways at the $100K Margin After Recent Price Breakout
Bitcoin Price Analysis: Bulls Eye $100K Amid Regulatory Push and $95K Test Cryptonews 10 Dec 2024
Bitcoin Price Analysis: Bulls Eye $100K Amid Regulatory Push and $95K Test
Bitcoin Just Broke $100K: Is $1M the Next Stop? Coinpaper 09 Dec 2024
Bitcoin Just Broke $100K: Is $1M the Next Stop?
Bitcoin Set For Another Surge Beyond $100,000 Level – Here Are The Next Potential Targets Bitcoinist 09 Dec 2024
Bitcoin Set For Another Surge Beyond $100,000 Level – Here Are The Next Potential Targets
Bitcoin Price Reclaims $100K: Is the Bull Run Back On? Newsbtc 12 Dec 2024
Bitcoin Price Reclaims $100K: Is the Bull Run Back On?
Bitcoin Sees First Close Above $100,000, But Is A Big Correction Coming? Newsbtc 10 Dec 2024
Bitcoin Sees First Close Above $100,000, But Is A Big Correction Coming?
Bitcoin Back At $100K And Beyond: Market Maturity or Just Another Rally? Coin Edition 12 Dec 2024
Bitcoin Back At $100K And Beyond: Market Maturity or Just Another Rally?
Bitcoin (BTC) Price: Technical Indicators Point to Market Top as Price Nears $100,000 Blockonomi 09 Dec 2024
Bitcoin (BTC) Price: Technical Indicators Point to Market Top as Price Nears $100,000
Bitcoin at $96K: Is a $100K BTC rebound likely in December? Latest data shows… Ambcrypto 10 Dec 2024
Bitcoin at $96K: Is a $100K BTC rebound likely in December? Latest data shows…
Bitcoin Price Today: Key Factors Behind the $100K Setback Coinpedia 11 Dec 2024
Bitcoin Price Today: Key Factors Behind the $100K Setback
Will Bitcoin Exceed $100,000 Soon? Bitcoinhaber 11 Dec 2024
Will Bitcoin Exceed $100,000 Soon?
How Bitcoin’s demand zone holds the key to reclaiming $100K Ambcrypto 11 Dec 2024
How Bitcoin’s demand zone holds the key to reclaiming $100K
Bitcoin Price to Hit $110K or $90K Next? Coingape 09 Dec 2024
Bitcoin Price to Hit $110K or $90K Next?
Experts Caution About Bitcoin’s $100,000 Surge Amid Leverage Warnings and Investment Strategies Coinotag 12 Dec 2024
Experts Caution About Bitcoin’s $100,000 Surge Amid Leverage Warnings and Investment Strategies
Bitcoin’s Recent Dip Amid Quantum Concerns: Is a Rebound Above $100K Possible? Coinotag 10 Dec 2024
Bitcoin’s Recent Dip Amid Quantum Concerns: Is a Rebound Above $100K Possible?
Bitcoin Price Targets Shift Higher as Market Reacts to $100,000 Level and Positive Macroeconomic Data Coinotag 11 Dec 2024
Bitcoin Price Targets Shift Higher as Market Reacts to $100,000 Level and Positive Macroeconomic Data
Bitcoin’s Surge Above $100,000 Sparks Speculation of a Rise Toward $110,000 Amidst Market Dynamics Coinotag 11 Dec 2024
Bitcoin’s Surge Above $100,000 Sparks Speculation of a Rise Toward $110,000 Amidst Market Dynamics
Bitcoin Surges Past $100,000: Analysts Predict a Possible Break Above $150,000 by January Coinotag 09 Dec 2024
Bitcoin Surges Past $100,000: Analysts Predict a Possible Break Above $150,000 by January