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Bitcoin is just steps away from breaking its all-time high, and excitement is building fast! With bulls in control, renowned trader Captain Faibik predicts a strong rally that could push Bitcoin’s price up by 10-12%. If it breaks the key $103,000 level, Bitcoin could soar to $113,000, marking another major milestone for the crypto giant.
Bitcoin Bulls Eye $113K Target
The recent chart shared by Captain Faibik highlights Bitcoin’s steady upward trend. Bitcoin has been forming higher lows, supported by an ascending trendline, which shows clear bullish momentum.
If Bitcoin maintains this momentum and breaks through the resistance level of $103,000, Faibik predicts a rally of over 10-12%. This move could push the price toward the $113,000 mark, a new milestone for the world’s leading cryptocurrency.
$BTC Bulls are in control right now, and I’m expecting Another +10-12% Bullish Rally ahead.#Crypto #Bitcoin #BTC pic.twitter.com/2rDkdH7eMM
— Captain Faibik
(@CryptoFaibik) December 15, 2024
If Bitcoin breaks the resistance in the coming days, it will not only set a new all-time high but also further solidify its place as the dominant force in the digital asset world. As of now, Bitcoin is trading around $101,835.76, the leading cryptocurrency is just 1.7% away from breaking its all-time high of $103,679.
Spot Bitcoin ETF Record $4.8 Billion
On the other hand, spot Bitcoin (BTC) ETFs have seen a massive inflow streak over 13 consecutive days, adding more than $5.3 billion between November 27 and December 13.
BlackRock’s Bitcoin ETF recently made headlines by accumulating over 500,000 BTC, making it the most traded ETF among 11 competitors. This highlights the growing interest in Bitcoin among Wall Street investors.
At the same time, rising geopolitical tensions and Donald Trump’s victory in the presidential election have fueled Bitcoin’s price surge, pushing it to new highs.