Story Highlights
- The Bitcoin rate strikes $100k.
- A significant turningpoint accomplished by the cryptocurrency market today.
- Sustained bullish action tips at a greater rate target.
With a historical cost rally, the biggest cryptocurrency in the world, Bitcoin rate hasactually attained its extended cost target of $100,000. Notably, this is a huge turningpoint for the crypto market and a stepping stone for the future of this cross-border monetary system.
Considering the present market beliefs, will Bitcoin continue showing its bullish rate rally? Or will this crypto token experience a significant rate correction with increased earnings reservation this month? Let’s discover out the possible short-term Bitcoin (BTC) rate analysis now!
Bitcoin Hits $100k!
The BTC cost has included 7.83% to its assessment in 24 hours with a trading volume of $114.027 billion, a modification of +63.85%. Moreover, it has rose ~50% in the last 30 days and is presently valued at $2.031 billion.
The Relative Strength Index (RSI) hasactually breached the overbought variety in the day-to-day time frame. Moreover, with the average trendline experiencing a bullish crossover, the Bitcoin rate might continue getting worth this week.
On the other hand, the EMA 50/200-day shows a substantial increase in the BTC rate chart, recommending an boost in the buying-over-selling pressure for the biggest c