Bitcoin enters December near $100,000, following its largest-ever US dollar monthly gain in November. Trading around $95,663, BTC remains just below its all-time high, keeping traders eager for the six-figure milestone.
November’s record monthly candle validated a key breakout, with BTC rebounding 7% from $91,000 support. Analysts suggest a daily close above $97,450 could trigger another attempt at $100,000, while support levels hold firm at $90,000 and $95,000.
On-chain data reveals a rare SOPR “golden cross,” signaling parabolic bull market conditions. Meanwhile, funding rates indicate a healthy market, with minimal overheating, bolstering the potential for further price momentum.
Source: Cointelegraph
