Breakthrough for Bitcoin – 100k, and it keeps going up!

The biggest cryptocurrency has just broken a remarkable barrier. For those interested in trading Bitcoin, $100,000 has always been a dream. And at the start of December, this dream came true.

Will Bitcoin hit 100k? Yes!

The milestone of Bitcoin 100k has long been a psychological and financial target for both seasoned traders and newcomers in the crypto world. Since the start of November and Donald Trump’s victory in the U.S. elections, the question “will Bitcoin hit 100k?” dominated financial discussions and trading forums. Fueled by a combination of institutional adoption, increasing retail interest, and macroeconomic factors such as inflation and a weaker U.S. dollar, Bitcoin surged rapidly.

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Over the past month, Bitcoin demonstrated remarkable resilience, maintaining its upward trajectory despite market volatility. This sensational rally culminated in the breaking of the $100,000 barrier. Unlike traditional assets like gold ( XAUUSD ), Bitcoin’s performance continues to outshine. Paired with robust demand and increasing market maturity, Bitcoin’s journey to this historic level solidifies its status as a dominant financial instrument in global markets.

BTC: 52% growth since the election.

For BTCUSD , this achievement represents a historical event and an opportunity to reassess strategies and prepare for the next phase of Bitcoin’s evolution.

Bitcoin 100k – and what’s next?

Bitcoin 100k is a monumental milestone, but the big question is: What’s next? Nobody knows for sure how Bitcoin will behave after crossing this critical level. However, a few key insights might offer clues about the road ahead.

One of the most important factors to consider is the impact of psychological barriers. Many traders approach significant price levels like $100,000 with hesitation, leading to increased volatility as some take profits while others wait for further growth. The interplay between these actions will likely shape Bitcoin’s immediate trajectory.

Another thing to consider is the influence of traditional financial markets. Cryptocurrencies, including Bitcoin, have shown increasing correlations with indices like US100 (Nasdaq) and US500 (S&P 500). The performance of these indices, driven by macroeconomic trends and investor sentiment, may offer hints about Bitcoin’s potential movements.

How high will Bitcoin go?

As traders wonder how high will Bitcoin go, a significant development could reshape the regulatory landscape for cryptocurrencies: Gary Gensler’s resignation as SEC chair on January 20. In his place, Donald Trump has announced his intention to nominate Paul Atkins, a well-known cryptocurrency advocate, as the new SEC chair.

Atkins, the CEO of Patomak Partners and a former SEC commissioner has been a vocal opponent of excessive market regulation. Trump praised Atkins as a “proven leader for common-sense regulations” and emphasized his forward-thinking approach to financial innovation.

This potential shift in leadership could signal a more crypto-friendly era at the SEC. With SEC Bitcoin regulation possibly moving toward a more supportive stance, Bitcoin’s upward momentum could gain additional traction. The new chair’s emphasis on fostering innovation in digital assets aligns with the aspirations of the cryptocurrency market.

Why is crypto going up?

Cryptocurrencies are surging due to growing adoption and optimism around regulatory changes. While Bitcoin leads the way, altcoins like Solana , Ethereum, and Bitcoin Cash have seen remarkable gains.

Solana benefits from fast transactions and low fees, Ethereum thrives with network upgrades and Bitcoin Cash appeals with its low-cost transactions. Increased integration into mainstream finance and anticipation of a more crypto-friendly regulatory environment drive demand.

With both institutional and retail interest growing, the momentum in the crypto market shows no signs of slowing.

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BTC ATH – the history of breaking barriers

Bitcoin reached its all time high right after the U.S. elections. It should be added here that BTC ATH in the bull market can often appear even every week, and its crazy history of growth goes back over 15 years. Below we present the Bitcoin ATH stories, including elections.

BTC cyclicality.

The oldest cryptocurrency presents an unprecedented level of cyclicality. As you can see, the increases always started after the US elections, i.e., around November of the halving year. These increases typically lasted a year and ended in November of the post-election year. What about round levels?

$100 – Bitcoin reached $100 in April 2013, during its first significant wave of public and investor interest.

$1,000 – Bitcoin broke the $1,000 mark in November 2013, driven by increasing media coverage and enthusiasm from early adopters.

$10,000 – Bitcoin hit $10,000 in November 2017, during one of the most significant cryptocurrency booms, peaking at nearly 20,000 USD in December that year.

Each milestone was a pivotal moment in Bitcoin’s journey, attracting widespread attention and solidifying its role in financial markets. Interestingly, $100,000 was reached again in November, but in 2024. So after $100, an additional zero was added in 7 months, another in 4 years, and another in 8 years. When and if will we see the round million? We’d like to know, but you can be sure that if it happens, you’ll hear from us!

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