Bitcoin’s rally, dubbed the “Trump trade,” has paused as BTC struggles to breach $98,000 resistance. After multiple rejections at $96,000, BTC trades at $94,812 as of Dec. 3, per Cointelegraph data.
Crypto analyst Michaël van de Poppe noted, “Bitcoin needs to break $98,000 to enter the $100,000+ zone […] If we dip, my areas of interest remain unchanged.”
Despite recent challenges, analysts remain bullish, predicting Bitcoin could reach $110,000 by January 2025, citing its correlation with the Global Macro Investor’s Total Liquidity Index. A six-figure BTC valuation appears to be a matter of time.
Source: Cointelegraph
