Could This Be the Day Bitcoin Cracks $100,000?

Financial professionals like to talk of "psychologically important" price levels for securities. Although this fancy-sounding term is more construct than reality, when an asset hits or exceeds a certain price, it can dramatically boost confidence in its future.These days, all eyes in the crypto world are on the trajectory of Bitcoin (CRYPTO: BTC). During the past few weeks, it has approached the $100,000 level, at times getting tantalizingly close to that mark. As of this writing -- Dec. 4 -- it's trading at about $98,000. Here's my take on whether we'll hit this magic number at some point during the next 24 hours. Before we discuss that, let's do a little tour of recent Bitcoin history. If we cast our imaginations back to the long-ago, dark days of December 2023, Bitcoin was sailing along at about the low $40,000s. Within weeks, though, the first of several powerful catalysts propelled the coin's trajectory upward.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool