BTC Shatters $100K - The Rise of Digital Gold ?
2024-12-05

BTC Shatters $100K - The Rise of Digital Gold 
History in the making! Bitcoin has finally conquered the mythical $100K level, breaking through like it was mere psychological resistance. Trading at $103K, this moment calls for a deep dive into where we're headed next.
Technical Setup

 Critical resistance ahead at $108K 
Similar to previous rejections at $79K
Third attempt principle in play (historically high success rate)
Next major target post-breakout: $192K

 Why This Time Is Different 

Pre-halving breakout vs. traditional post-halving peaks
Fed Chairman Powell's "Bitcoin is Gold" statement
BlackRock ETF's market impact
Fundamentals 201 phase activated

 Important Cycle Changes 

Previous cycles: 550-560 days between halving and ATH
Current cycle: Breaking ATH pre-halving
Early cycle characteristics suggest different price dynamics ahead

 Key Observations 

ETF influence reshaping market structure
Potential altcoin correlation changes in 1-3 years
ETH emerging as "digital NASDAQ"
Institutional players actively participating

 What to Watch 

$108K resistance reaction
Post-Trump election market dynamics
ETF flow impacts
Pre-halving price action

 Strategy Notes 

Watch for third attempt breakout confirmation
Monitor volume at resistance levels
Keep eye on institutional flow metrics
Prepare for potential "sell the news" on key events

 Remember:  Charts never lie, but market cycles evolve. We'll follow up with detailed scenarios once we see the $108K level reaction.
#Bitcoin #BTC #TechnicalAnalysis #Crypto

One Love,
The FXPROFESSOR 💙

Previous posts:
Part 1 
Part 2 
Part 3 
Part 4 
The power of 3rd (or 6th) attempts 
Power of 3 (+Inflation) 
Pump the Trump: 
Fundamentals 101: 
Fundamentals 102: 
Jerome and Garry buying their own dips: 
Satoshi mastermind: 