BTCUSDT_M_011 Post Halving Breakout
2024-12-01

The recent U.S. presidential election, won by the Trump/Vince camp, has sparked a wave of optimism in the digital asset space, signaling a promising future for cryptocurrencies. The election results triggered a strong market reaction, with Bitcoin experiencing a significant price surge, breaking out of a multi-month accumulation phase. November was particularly remarkable, with Bitcoin closing the month with a massive $25,000 green candle—the largest monthly gain in its history.

Currently, Bitcoin’s circulating supply stands at approximately 94%, or around 19.8 million coins, translating to a market capitalization of roughly $1.9 trillion. Looking ahead, market sentiment is overwhelmingly bullish, with key expectations including a breakthrough of the $100,000 barrier. This milestone could prompt long-term holders to realize profits, while fresh retail capital is likely to flood the market, driven by the psychological impact of six-figure pricing. As a result, the bullish momentum is anticipated to continue, reinforcing Bitcoin's dominance in the broader financial landscape.