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107K – Cryptocurrencypanther https://cryptocurrencypanther.com Latest Crypto News Tue, 11 Nov 2025 02:41:11 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://cryptocurrencypanther.com/wp-content/uploads/2021/07/cropped-Cryptocurrency-e1626714913653-32x32.png 107K – Cryptocurrencypanther https://cryptocurrencypanther.com 32 32 Bitcoin Price Confronts Major Technical Wall Around $107K, Momentum Starts to Slow https://cryptocurrencypanther.com/2025/11/11/bitcoin-price-confronts-major-technical-wall-around-107k-momentum-starts-to-slow/ https://cryptocurrencypanther.com/2025/11/11/bitcoin-price-confronts-major-technical-wall-around-107k-momentum-starts-to-slow/#respond Tue, 11 Nov 2025 02:41:11 +0000 https://cryptocurrencypanther.com/2025/11/11/bitcoin-price-confronts-major-technical-wall-around-107k-momentum-starts-to-slow/

Bitcoin price is attempting to recover above $105,500. BTC could continue to move up if it clears the $107,000 resistance zone.

  • Bitcoin started a decent recovery wave above the $105,000 support.
  • The price is trading above $105,000 and the 100 hourly Simple moving average.
  • There is a bullish trend line forming with support at $104,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair might continue to move up if it settles above the $107,000 zone.

Bitcoin Price Faces Key Resistance

Bitcoin price managed to stay above the $102,000 support level and started a recovery wave. BTC recovered above the $103,500 and $104,200 resistance levels.

The pair even climbed above $105,500. Finally, it tested the $107,500 resistance zone. A high was formed at $107,400 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $99,222 swing low to the $107,400 high.

Bitcoin is now trading above $105,000 and the 100 hourly Simple moving average. If the bulls attempt another recovery wave, the price could face resistance near the $106,600 level. The first key resistance is near the $107,000 level.

Bitcoin Price
Source: BTCUSD on TradingView.com

The next resistance could be $107,500. A close above the $107,500 resistance might send the price further higher. In the stated case, the price could rise and test the $108,000 resistance. Any more gains might send the price toward the $109,200 level. The next barrier for the bulls could be $109,800 and $110,500.

Another Decline In BTC?

If Bitcoin fails to rise above the $107,000 resistance zone, it could start another decline. Immediate support is near the $104,800 level. The first major support is near the $104,000 level and the trend line.

The next support is now near the $103,300 zone or the 50% Fib retracement level of the upward move from the $99,222 swing low to the $107,400 high. Any more losses might send the price toward the $102,350 support in the near term. The main support sits at $102,500, below which BTC might struggle to recover in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $104,850, followed by $104,000.

Major Resistance Levels – $106,500 and $107,000.



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Bitcoin could retest $107k before rally resumes as Trump sets a new tariff date https://cryptocurrencypanther.com/2025/07/07/bitcoin-could-retest-107k-before-rally-resumes-as-trump-sets-a-new-tariff-date/ https://cryptocurrencypanther.com/2025/07/07/bitcoin-could-retest-107k-before-rally-resumes-as-trump-sets-a-new-tariff-date/#respond Mon, 07 Jul 2025 15:54:12 +0000 https://cryptocurrencypanther.com/2025/07/07/bitcoin-could-retest-107k-before-rally-resumes-as-trump-sets-a-new-tariff-date/

Bitcoin rises above $107K as Trump's fiscal policy comments boost hard assets

Key takeaways

  • BTC is trading below $109k and could retest the $107k region before rallying high.
  • Market analysts believe Trump’s new trade negotiation date of August 1 will make Bitcoin less volatile.

The cryptocurrency market was bullish over the weekend, with the major cryptos currently in the green. Bitcoin climbed above $109k on Sunday but has slightly retraced and could dip lower in the coming hours.

Despite that, analysts remain optimistic about Bitcoin’s medium-term performance ahead of Trump’s trade deal negotiations in August.

Analysts expect a less volatile July for Bitcoin

July could be a quiet month in terms of trade deals as U.S. Treasury Secretary Scott Bessent announced Sunday that tariffs, initially revealed in April, will take effect on Aug. 1.

The tariffs will take effect for countries without a trade agreement with the U.S.  Bessent warned that the tariff level will revert to April’s rates if negotiations fail before that date.

While speaking to The Block, Jeff Mei, COO at BTSE commented that,

“Traders previously were concerned about volatility leading up to the July 9 tariff deadline on Wednesday. It looks like markets are rallying after it was revealed countries will have more time to negotiate before tariffs take effect at the beginning of August.”

According to Mei, the upcoming release of the U.S. consumer price index on July 15 will give investors an insight into whether inflation is low enough for the Federal Reserve to lower interest rates.

An interest rate cut would be potentially positive for Bitcoin and could spur it to surpass its current all-time high price of $111k.

BTC could refresh its record highs soon amid bullish sentiments

The BTC/USD 4H chart is bullish and efficient as the bulls are currently in control of the Bitcoin market. The technical indicators suggest that Bitcoin could rally to a new all-time high soon.

The RSI of 53 shows that buyers are regaining control, while the MACD lines are currently in the positive zone, suggesting a strong buying sentiment. However, BTC could retest the low of $107,850 before rallying higher in the near term. 

BTC/USD 4H chart

If Bitcoin continues its upward momentum, it could extend the rally toward the May 22 all-time high at $111,980. An extended rally would allow Bitcoin to reach a new all-time high price.

On the flipside, failure to defend the support level at $107,850 could see BTC retest the consolidation zone and Transactional Liquidity (TLQ) area at $105,333.



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Bitcoin Holds Steady Above $107K As US Senate Clears $4.5T Spending Bill https://cryptocurrencypanther.com/2025/07/03/bitcoin-holds-steady-above-107k-as-us-senate-clears-4-5t-spending-bill/ https://cryptocurrencypanther.com/2025/07/03/bitcoin-holds-steady-above-107k-as-us-senate-clears-4-5t-spending-bill/#respond Thu, 03 Jul 2025 01:34:47 +0000 https://cryptocurrencypanther.com/2025/07/03/bitcoin-holds-steady-above-107k-as-us-senate-clears-4-5t-spending-bill/

They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!

So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.



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Bitcoin rises above $107K as Trump’s fiscal policy comments boost hard assets https://cryptocurrencypanther.com/2025/06/30/bitcoin-rises-above-107k-as-trumps-fiscal-policy-comments-boost-hard-assets/ https://cryptocurrencypanther.com/2025/06/30/bitcoin-rises-above-107k-as-trumps-fiscal-policy-comments-boost-hard-assets/#respond Mon, 30 Jun 2025 03:18:49 +0000 https://cryptocurrencypanther.com/2025/06/30/bitcoin-rises-above-107k-as-trumps-fiscal-policy-comments-boost-hard-assets/

Bitcoin rises above $107K as Trump's fiscal policy comments boost hard assets

  • Bitcoin traded above $107K Sunday as focus turned to U.S. fiscal policy and Trump’s “Big Beautiful Bill.”
  • Trump urged “cost cutting Republicans” not to “go too crazy,” promising growth will “make it all up.”
  • Expectations of sustained deficits and loose fiscal policy are bolstering the bull case for hard assets like BTC and gold.

Bitcoin traded steadily above the $107,000 mark on Sunday, with market attention increasingly focused on fiscal policy tensions brewing in Washington.

A recent social media post from President Donald Trump, aimed at quelling dissent within his own party over a massive tax-and-spending package, has inadvertently bolstered the bullish case for assets like Bitcoin and gold, which are often seen as hedges against fiscal profligacy.

The latest market movements come as Bitcoin was changing hands at $107,937 as of 22:22 UTC on Sunday, up 0.54% over the past 24 hours.

Price action remained volatile, with the cryptocurrency fluctuating between $107,194 and $108,489 during that window, according to CoinDesk Research’s technical analysis model.

The focus shifted to US fiscal policy following a pointed message from President Trump on his Truth Social platform on June 29, 2025.

Addressing Republican lawmakers amid a fierce internal debate over his sweeping legislative package, Trump wrote:

For all cost cutting Republicans, of which I am one, REMEMBER, you still have to get reelected. Don’t go too crazy! We will make it all up, times 10, with GROWTH, more than ever before.

This statement lays bare the deep divisions within the Republican party as it struggles to unify behind the ambitious legislation, which has been dubbed the “One Big Beautiful Bill.”

The bill itself, exceeding 900 pages, is a complex mix of fiscal measures.

It combines approximately $3.8 trillion in tax cuts with targeted spending reductions and increased funding for defense and border security.

A key component is the aim to make permanent many of the tax breaks from Trump’s 2017 Tax Cuts and Jobs Act, including the elimination of taxes on tips, overtime pay, and certain auto loans.

The child tax credit would also rise to $2,200 under the Senate version, while deductions for seniors would be temporarily increased.

To offset the cost of these tax cuts, however, Republicans have proposed significant cuts to Medicaid and nutrition programs, a move that has sparked intense debate within the party.

Navigating a political tightrope

The path to passing the bill is fraught with political challenges.

Moderate Republicans, particularly those from high-tax states, are pushing for a higher cap on state and local tax (SALT) deductions.

In contrast, conservative factions are demanding deeper and more extensive spending cuts, with a particular focus on Medicaid.

These internal disagreements are complicating efforts to secure the narrow Republican majorities needed in both the House and the Senate to pass the legislation, which faces uniform opposition from Democrats, who argue it disproportionately favors the wealthy and will worsen economic inequality.

President Trump’s social media message appears to be an attempt to walk this political tightrope.

He is urging a degree of fiscal restraint to appease conservatives while simultaneously emphasizing a supply-side economic argument: that robust economic growth will ultimately compensate for near-term revenue losses and help reduce deficits over time.

This “growth will make it all up” approach comes as nonpartisan analysts estimate the bill could add trillions of dollars to the already substantial $36.2 trillion national debt.

A bullish signal for Bitcoin and gold?

This fiscal backdrop is being closely watched by market participants, with some interpreting it as a strong signal for holding hard assets.

Crypto analyst Will Clemente’s reaction on the social media platform X (formerly Twitter), posted shortly after Trump’s message, captured a common sentiment among those skeptical of current fiscal policies:

How can you read this and hold long term US treasuries at current yields lol… Also, how can you read this and not hold any Bitcoin or gold.

Clemente’s skepticism towards long-term US Treasuries reflects a growing concern that the bill’s deficit-financed tax cuts and relatively modest spending reductions signal a loose fiscal policy that could fuel inflation and devalue the currency over time.

In such a scenario, traditional fixed-income assets like Treasuries can become less attractive, as rising deficits and potential monetary accommodation (to finance the debt) threaten to erode the value of both principal and interest payments.

Conversely, hard assets with limited supply, such as gold and Bitcoin, are increasingly viewed as reliable stores of value and effective hedges against inflation and fiscal irresponsibility.

The expectation of sustained, large deficits and the clear political challenges to implementing meaningful fiscal discipline are bolstering the demand for these inflation-resistant assets.

As the Senate races to finalize the bill before the July 4 holiday, the ongoing negotiations and the ultimate fate of this consequential fiscal package will continue to be a key driver of market sentiment.



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A Tale Of 3 Mayors And Bitcoin’s Jump From $754 To $107K https://cryptocurrencypanther.com/2025/06/26/a-tale-of-3-mayors-and-bitcoins-jump-from-754-to-107k/ https://cryptocurrencypanther.com/2025/06/26/a-tale-of-3-mayors-and-bitcoins-jump-from-754-to-107k/#respond Thu, 26 Jun 2025 22:01:48 +0000 https://cryptocurrencypanther.com/2025/06/26/a-tale-of-3-mayors-and-bitcoins-jump-from-754-to-107k/

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According to Bitwise’s Jeff Park, Bitcoin has gone from a risky experiment to a six-figure asset over three New York mayoral terms.

Related Reading

It started near $754 when Michael Bloomberg left office in December 2013. Now, as the city prepares for its next election, it’s trading above $107,000. These numbers show a rise of about 14,590% in just over a decade.

Mayoral Timeline Marks Bitcoin Growth

Bill de Blasio took over in January 2014. At first, Bitcoin barely budged. But by December 2021, it hit roughly $47,000. That climb happened while de Blasio’s two terms played out on City Hall’s stage. The crypto market had its ups and downs, yet the overall trend pointed skyward under his watch.

Bitcoin’s Surge Through Political Change

When Eric Adams stepped in as mayor in January 2022, he made headlines by taking his first paychecks in Bitcoin. The move sent a clear message that New York was open to crypto.

The market then endured a tough 2022 bear phase. Still, Bitcoin bounced back strong in 2023 and kept going. This month, it’s up about 3% and sits at $107,567, according to figures by Coingecko.

Bitcoin is now trading at $107,378. Chart: TradingView

Separate Money From State

Park used the mayor count as a storytelling tool. He’s calling for a break between money and government. His view: people should choose how they handle their own cash.

Political shifts come and go, but Bitcoin keeps growing on its own terms. That steady rise speaks to the idea of financial freedom outside state control.

New Leadership And Future Trends

Zohran Mamdani has surged ahead in the Democratic primary after Adams declared an Independent bid. Since Democrats usually win in New York, many see Mamdani as the likely next mayor.

Related Reading

Park even joked that Bitcoin’s journey has moved “from Bloomberg to Mamdani.” That line underlines how the asset climbed, even as the city’s politics reshuffled itself.

It’s easy to draw lines between mayoral posters and price charts. But Bitcoin’s real drivers go beyond City Hall. Global demand, big investors, shifts in mining, and moves by the Federal Reserve have all shaped its path. New York’s mayors provide handy markers on the timeline, not the engine of growth.

On Crypto & Politics

As New York eyes November 2025, Bitcoin stands as proof that financial tools can live beyond politics. The question now isn’t whether the next mayor will back crypto. It’s how far Bitcoin will go when its story isn’t tied to any single office.

Featured image from Unsplash, chart from TradingView





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BTC recovers to $107K after weekly volatility; focus shifts to US economic data https://cryptocurrencypanther.com/2025/06/26/btc-recovers-to-107k-after-weekly-volatility-focus-shifts-to-us-economic-data/ https://cryptocurrencypanther.com/2025/06/26/btc-recovers-to-107k-after-weekly-volatility-focus-shifts-to-us-economic-data/#respond Thu, 26 Jun 2025 04:44:46 +0000 https://cryptocurrencypanther.com/2025/06/26/btc-recovers-to-107k-after-weekly-volatility-focus-shifts-to-us-economic-data/

BTC recovers to $107K after weekly volatility; focus shifts to US economic data

  • Bitcoin (BTC) is trading above $107K Thursday, up 0.7%, after a sharp rebound from below $100K earlier in the week.
  • Markets pivoted from “flight-to-safety” on Mideast tensions to a “risk-on in full force” rally.
  • US GDP and unemployment data this week, plus quarterly options/futures expiry, could bring more volatility.

Bitcoin (BTC) is trading firmly above the $107,000 mark as the Asian trading day gets underway on Thursday, with the broader digital asset market also showing strength.

This impressive performance comes at the end of a tumultuous week that saw markets swing dramatically from fear over Middle East conflict to a powerful risk-on rally, lifting crypto, tech stocks, and broader market sentiment in tandem.

Looking back at the week’s events, what began as a sell-off driven by escalating tensions – with Israel and Iran trading rocket fire and a US bombing campaign on Iran’s nuclear facilities – has transformed into a textbook risk-on rally.

The initial anxiety has given way to a surge in investor confidence, seemingly brushing off the geopolitical dangers that loomed just days ago.

“War drums fade, risk appetite roars,” wrote the trading firm QCP Capital in its June 25 market note, perfectly capturing the sudden and dramatic shift in mood.

Traders appeared to have priced in a resolution or simply stopped waiting for one. Instead of flight-to-safety, the move was risk-on in full force.

This pivot was visible across multiple asset classes.

US equities surged, oil prices retraced back to their pre-conflict levels, and shares of crypto exchange Coinbase jumped 12% on positive regulatory news.

For Bitcoin, the strong rebound above $107,000 signals not just relief from the recent tension but a renewed sense of upward momentum, even as savvy investors keep one eye on the macroeconomic calendar and the other on potential global flashpoints.

Navigating the swings: key data and volatility ahead

The recent price action has been nothing short of volatile. “It’s been a week of sharp swings in crypto,” commented Gracie Lin, CEO of OKX Singapore.

Bitcoin dipped below $100,000 earlier in the week when Middle East tensions rattled the markets, but rebounded quickly after news of a ceasefire – now trading just below its all-time high in a sharp reversal.

Lin points to a series of upcoming US economic data releases, including GDP figures and unemployment claims due later this week, as the next potential catalysts for Bitcoin’s price movement.

“Recent PMI numbers have held steady, but continued weakness in housing is raising questions about the broader economy,” she said.

If Thursday’s GDP or unemployment claims come in weaker than expected, bitcoin could benefit as investors look for hedges against traditional market weakness.

Adding another layer of potential turbulence, the quarterly expiration of Bitcoin futures and options is scheduled for June 27.

These events often bring increased price swings as traders close out or roll over their positions. “Another bout of volatility is expected,” Lin warned.

The bigger picture

While short-term volatility is expected, QCP Capital, in its analysis, is looking beyond the week’s sharp swings to spotlight the structural forces that are driving Bitcoin’s evolution into a recognized macro asset.

They point to significant institutional momentum, highlighted by events like ProCap’s $386 million BTC purchase and Coinbase’s recent regulatory win under the EU’s MiCA framework.

“If this accumulation trend persists,” QCP wrote, “bitcoin may not just rival gold as a macro hedge but potentially in total market capitalisation.”

This suggests a long-term bullish outlook underpinned by growing institutional adoption.

Still, QCP adds a crucial note of caution: “Geopolitics remains an ever-present undercurrent.”

While markets have largely shrugged off the recent Israeli strikes, new concerns are mounting over NATO–Russia tensions.

With Western nations increasing their defense budgets and President Trump set to attend the upcoming NATO summit, the next geopolitical shock may not originate from the Middle East.

For now, Bitcoin is riding the powerful wave of risk-on enthusiasm.

But just beneath the surface, the fundamental battle between short-term volatility and long-term conviction, between the fading sound of war drums and the steady rhythm of institutional buying sprees, continues to define this dynamic market.



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Crypto Prices Today: Bitcoin Holds at $107K, Dogecoin Falls 4.12%, TRON Crashes 5.35% – Analytics Insight https://cryptocurrencypanther.com/2025/06/12/crypto-prices-today-bitcoin-holds-at-107k-dogecoin-falls-4-12-tron-crashes-5-35-analytics-insight/ https://cryptocurrencypanther.com/2025/06/12/crypto-prices-today-bitcoin-holds-at-107k-dogecoin-falls-4-12-tron-crashes-5-35-analytics-insight/#respond Thu, 12 Jun 2025 06:03:46 +0000 https://cryptocurrencypanther.com/2025/06/12/crypto-prices-today-bitcoin-holds-at-107k-dogecoin-falls-4-12-tron-crashes-5-35-analytics-insight/

Crypto Prices Today: Bitcoin Holds at $107K, Dogecoin Falls 4.12%, TRON Crashes 5.35%  Analytics Insight



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Bitcoin trades near $107K despite national guard deployment in Los Angeles https://cryptocurrencypanther.com/2025/06/09/bitcoin-trades-near-107k-despite-national-guard-deployment-in-los-angeles/ https://cryptocurrencypanther.com/2025/06/09/bitcoin-trades-near-107k-despite-national-guard-deployment-in-los-angeles/#respond Mon, 09 Jun 2025 03:32:56 +0000 https://cryptocurrencypanther.com/2025/06/09/bitcoin-trades-near-107k-despite-national-guard-deployment-in-los-angeles/

BTC price holds steady above $106K amid US domestic tensions, eyes $107K resistance

  • Bitcoin (BTC) climbed towards $107K over the weekend, trading around $106,332 despite U.S. domestic unrest.
  • President Trump deployed 2,000 National Guard troops to Los Angeles amid an immigration-related standoff.
  • BTC showed strong support at $105,400 and broke resistance around $106,100 with strong volume.

Bitcoin (BTC) continued its steady ascent over the weekend, trading above $105,623.12 and pushing towards the $107,000 mark, even as domestic tensions escalated in the United States, notably in Los Angeles.

The cryptocurrency market appeared largely unfazed by the unsettling headlines, showcasing a degree of resilience that underscores its growing perception as a hedge against uncertainty.

The backdrop to Bitcoin’s steady performance was a significant immigration-related standoff in Los Angeles.

According to a report by CNBC, the situation saw over 100 arrests as clashes persisted between protesters and federal agents.

This prompted President Trump to authorize the deployment of 2,000 National Guard troops to the area.

By Sunday morning, elements of the 79th Infantry Brigade had arrived on-site, as confirmed by Northern Command.

The potential for further escalation was highlighted by Defense Secretary Pete Hegseth, who warned that US Marines stationed at Camp Pendleton could also be mobilized if the violence continued.

Despite these significant domestic developments, Bitcoin’s price action remained remarkably stable, hovering around $106,332 by Sunday.

This suggests that crypto investors are, for now, treating the unrest as a localized regional event rather than a systemic crisis capable of derailing the digital asset market.

Technical picture: consolidation with bullish undertones

Bitcoin traded within a relatively narrow range over the weekend, fluctuating approximately $1,057 between a low of $105,043 and a high of $106,101, before pushing to its current level around $106,332.

The price demonstrated a strong rebound after a brief dip below $105,100, with buying interest re-emerging robustly around the $105,400 support level, according to CoinDesk Research’s technical analysis model.

An early attempt to break out above the $106,100 mark encountered selling pressure, which created a high-volume resistance zone.

While this upward move was initially short-lived due to some profit-taking, Bitcoin managed to hold onto its gains.

The overall consolidation structure remains bullish, with a consistent pattern of higher lows hinting at the potential for a sustained push towards the $107,000 level, should the immediate resistance break cleanly.

This tendency for Bitcoin to attract buyers during dips, despite broader macroeconomic headwinds, further underscores its perceived role as a hedge in times of rising uncertainty.

Key technical levels and market dynamics

A closer look at the technical indicators provides further insight into Bitcoin’s recent price action and potential near-term movements:

  • Trading range: BTC traded within a $1,288 range (representing 1.22% of its value) between a low of $105,043.65 and a 24-hour high of $106,332.

  • Resistance break: Initial resistance observed around the 105,900–106,100 zone was decisively broken as prices surged beyond this area with strong trading volume during the early afternoon.

  • Support holds: The support level at $105,400 held firm despite several retests, reinforcing the prevailing bullish sentiment in the market.

  • Breakout and stabilization: A clear breakout to $106,332 occurred around 13:48, which was followed by minor profit-taking activity before the price stabilized above the $106,000 mark.

  • Ascending trend: The hourly chart reveals an ascending trend characterized by consistent higher lows, a pattern that invalidates earlier interpretations of a “pump and dump” scenario.

  • Next target: With current momentum intact, market analysts suggest that BTC may test the $107,000 resistance level, provided that the current support near $105,800 continues to hold.

This technical picture, combined with Bitcoin’s apparent decoupling from localized domestic strife, paints a cautiously optimistic outlook for the leading cryptocurrency as it navigates a complex global landscape.



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BTC Crosses $107K, BGB Soars 14%, CRO Up 7% https://cryptocurrencypanther.com/2024/12/17/btc-crosses-107k-bgb-soars-14-cro-up-7/ https://cryptocurrencypanther.com/2024/12/17/btc-crosses-107k-bgb-soars-14-cro-up-7/#respond Tue, 17 Dec 2024 04:47:07 +0000 https://cryptocurrencypanther.com/2024/12/17/btc-crosses-107k-bgb-soars-14-cro-up-7/

Cryptocurrency prices today saw Bitcoin (BTC) making headlines again as it reached a new all-time high, touching $107,700. The global crypto market increased by 1%, reaching $3.72 trillion, while trading volume jumped 34% to $211 billion.

In the altcoin market, Bitget Token (BGB) surged 16%, reflecting strong investor interest, while Cronos (CRO) gained 7%, indicating steady demand. The Fear and Greed Index climbed to 81, signaling extreme greed as optimism continues to dominate the market.

Cryptocurrency prices today showcase BTC’s record-breaking momentum. Its new all-time high is driving bullish sentiment across the market. Increased trading activity and rising valuations reflect strong confidence among investors.

Cryptocurrency Prices Today: BTC Hits New ATH, ETH, XRP Gain 2%, SOL Drops 4%

Cryptocurrency prices today saw Bitcoin (BTC) hitting a new all-time high of $107,700, fueling market optimism. Ethereum (ETH) and XRP recorded 2% gains, reflecting steady buying interest, while Solana (SOL) dropped 4% due to profit booking. The overall market remains positive, driven by rising trading volumes and BTC’s strong upward momentum.

Bitcoin Price Today

Cryptocurrency prices today showed Bitcoin (BTC) trading at $106,256, marking a 2% increase in the last 24 hours. BTC recorded a 24-hour low of $103,320 and a high of $107,777, reflecting strong market activity. Its market cap stood at $2.11 trillion, while its trading volume reached $83 billion. Bitcoin’s dominance in the market remained steady at 56.46%.

As per SoSo Value, BTC ETFs witnessed significant inflows of $218 million on Monday. Fidelity contributed $116 million to Bitcoin ETFs, followed by Ark and 21Shares with $47 million, and Bitwise with $30 million. Meanwhile, BlackRock’s ETF data is still awaited, keeping investors eager for updates.

In other news, Michael Saylor proposed a framework for the U.S. to address its $36 trillion debt with Bitcoin. His innovative suggestion highlights the growing potential of Bitcoin in reshaping global financial strategies.

Ethereum Price Today

Cryptocurrency prices today highlighted Ethereum (ETH) price trading at $4,020, reflecting a 2% gain in the last 24 hours. ETH recorded a 24-hour low of $3,883 and a high of $4,108, showcasing steady upward movement. Its market cap stood at $484 billion, supported by a trading volume of $43 billion.

Ethereum ETFs saw an inflow of $20 million, indicating continued investor interest. Bitwise accounted for $8 million of the inflow, while Fidelity purchased $4 million of ETH ETFs. BlackRock’s ETF data is still pending, leaving the market awaiting further updates.

XRP Price Today

XRP price was trading at $2.48, reflecting a 2% increase in the last 24 hours. The cryptocurrency recorded a 24-hour low of $2.344 and a high of $2.568, indicating a steady upward trajectory. With a market cap of $142 billion and a trading volume of $12 billion, XRP has solidified its position as the third-largest cryptocurrency by market cap, holding a 3.81% dominance.

Analysts predict that XRP could surge to $7 following the launch of the RLUSD stablecoin. This development is anticipated to enhance XRP’s adoption and significantly impact its market trajectory.

Solana Price Today

Solana (SOL) price was trading at $214, experiencing a 4% drop in the last 24 hours. The cryptocurrency saw a low of $211 and a high of $223 during the same period, reflecting some volatility. With a market cap of $102 billion and trading volume of $5 billion, SOL is currently the 6th largest cryptocurrency by market cap.

In other news, Messari’s 2025 Crypto Theses Report suggests that Solana could experience explosive growth in 2025. This potential surge is expected to come from increasing adoption and the growing influence of the Solana ecosystem in the broader cryptocurrency market.

Meme Cryptocurrency Prices Today

Top meme coins are showing bearish momentum today, with Dogecoin (DOGE) down by 1%, trading at $0.40. Shiba Inu (SHIB) also saw a 2% decline, trading at $0.00002706, reflecting the overall weakness in the meme coin market.

Other notable meme coins such as PEPE, WIF, and BONK were also down by 2% to 3% at the time of writing. The trend suggests a temporary dip in investor sentiment towards meme-based cryptocurrencies.

Top Cryptocurrency Gainer Prices Today

Bitget Token

Bitget Token (BGB) emerged as the top gainer today, with a 16% increase in price over the last 24 hours. It was trading at $3.65, with a 24-hour low of $3.091 and a high of $3.66, reflecting strong upward momentum.

This significant price increase is attributed to Bitget, being granted a license to operate as a Bitcoin Service Provider by El Salvador’s Central Bank. This regulatory approval has fueled investor optimism, driving the surge in BGB’s price.

Cronos

Cronos (CRO) became the 2nd top gainer today, with a 7% increase in the last 24 hours. It was trading at $0.188, with a 24-hour low of $0.17 and a high of $0.19, reflecting solid upward movement.

The cryptocurrency prices today show that CRO has a market cap of $5 billion and a trading volume of $131 million. Its strong performance highlights growing investor confidence and interest in the token.

Virtual Protocol

Virtual Protocol (VIRTUAL) was trading at $2.86, showing a 6% increase in the last 24 hours. The cryptocurrency recorded a 24-hour low of $2.70 and a high of $3.28, reflecting strong upward momentum in its price movement.

Top Cryptocurrency Loser Prices Today

Helium

Helium (HNT) was trading at $8.48, showing an 11% drop in price, making it the worst performer for today. Its 24-hour low and high were $8.40 and $10.10, reflecting significant volatility in its price movement.

Cryptocurrency prices today highlight the challenges Helium is facing, with the market sentiment turning bearish. Investors are keeping an eye on the cryptocurrency as it navigates this downward trend.

GALA

GALA price was trading at $0.045, experiencing a 10% drop in price over the last 24 hours. The cryptocurrency recorded a 24-hour low of $0.04483 and a high of $0.0502, indicating notable price fluctuations.

With a market cap of $1.67 billion and a trading volume of $344 million, GALA is still actively traded despite the recent price decline. Cryptocurrency prices today reflect the challenges GALA is facing in a bearish market.

Raydium

Raydium (RAY) was trading at $4.89, showing a 9% drop in price over the last 24 hours. Its 24-hour low and high were $4.87 and $5.40, reflecting significant price fluctuations. Despite this decline, RAY continues to attract attention in the market, with investors closely watching its movement during this bearish period.

In addition, the hourly chart shows positive momentum, with Bitcoin (BTC) up by 0.50% in the last hour. Major altcoins like Ethereum (ETH), XRP, and Binance Coin (BNB) have also seen gains in the past hour, suggesting a brief market recovery. Cryptocurrency prices today indicate a mixed trend across different assets.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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