Bitcoin Taps $106,000, Consolidates At $104,000: Why Is BTC Going Up?
Posted On December 16, 2024
Bitcoin (CRYPTO: BTC) has briefly crossed the $106,000 threshold during the Asian trading session before falling back below $104,000 before the New York open.
Market observers expect Bitcoin to continue to push up but are divided on how long the rally can last.
What Happened: Crypto trader Scient predicted in a post on X on Monday predicts a local top at $110,000 near the New Year, followed by a correction to the $80,000–$84,000 range.
He suggests the correction may bottom out around Donald Trump’s inauguration on Jan. 20.
Scient believes this consolidation could set the stage for a …
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