Bitcoin's price is making its final strides to break the historic price peak, and market excitement is rising sharply.
With buyers completely dominating, renowned trader Captain Faibik predicts a strong bullish wave that could push Bitcoin up an additional 10-12%.
If it breaks the important level of $103,000, Bitcoin could surge to $113,000, marking a new milestone for the world's leading cryptocurrency.
The target of $113,000 is within reach
The latest chart shared by Captain Faibik shows a stable upward trend of Bitcoin. This cryptocurrency continues to form higher lows, supported by an upward trendline, reflecting a clear bullish momentum.
If Bitcoin maintains its current upward momentum and surpasses the strong resistance zone at $103,000, Faibik forecasts the price will increase by more than 10-12%.
This could push Bitcoin to the $113,000 mark, a new significant milestone, reinforcing Bitcoin's position in the global cryptocurrency market.
If Bitcoin breaks through the resistance level in the coming days, this cryptocurrency will not only set a new peak but also further solidify its position as a dominant force in the digital asset world.
Currently, BTC is trading around $101,835.76, just 1.7% away from surpassing the historical peak of $103,679.
Spot Bitcoin ETF records a historic $4.8 billion
Meanwhile, Spot Bitcoin ETFs have recorded a strong net inflow for 13 consecutive days, with a total inflow value exceeding $5.3 billion from November 27 to December 13.
Notably, BlackRock's Bitcoin ETF has recently made waves by accumulating over 500,000 BTC, becoming the most traded ETF among 11 competitors.
This highlights the growing interest of Wall Street investors in Bitcoin.
In addition, escalating geopolitical tensions and Donald Trump's victory in the presidential election have created strong momentum, pushing Bitcoin prices to new highs.
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