Bitcoin secured its highest daily close ever on Dec. 11, finishing at $101,200, surpassing the previous high set on Dec. 8. This milestone comes as bulls recover from last week’s dip to $94,000, with analysts predicting new all-time highs in the coming days.
Michaël van de Poppe emphasized the importance of Bitcoin maintaining current support levels for sustained upward momentum, while Charles Edwards highlighted market resilience, citing subdued funding rates, low leverage, and strong ETF inflows.
The recent market shakeouts have cleared leveraged positions, with crypto liquidations reaching $270 million in 24 hours, setting the stage for continued growth.
Source: Cointelegraph
