Bitcoin tests $ 100,000 level

The first cryptocurrency bitcoin BTC $97,814.87 Bitcoin 0.58% Market capitalization $1.94 trillion VOL. 24 hours $5.35 billion continues to grow in value, confidently consolidating above the $ 95,000 mark. After a recent surge, the cryptocurrency has reached a new all-time high of over $ 99,000 and is approaching an important psychological milestone of $ 100,000.

Support for bitcoin remained stable above $ 92,000, after which the rate resumed growth.

It’s worth noting that for a short period of time, bitcoin even hit $ 99,199.

At the time of writing, the bitcoin rate reached $ 90.064, the market capitalization is $ 1.96 trillion, and daily sales reached $ 94.32 billion.The main resistance levels are currently located at $ 98,880 and $ 99,000.

Thus, if the price breaks through the $ 100,000 barrier, it could rise even further, with the prospect of reaching levels of $ 102,000 and even $ 104,500.

Despite the general optimism, experts warn of the possibility of a short-term correction. The first key support levels are defined at $ 96,800 and $ 95,500.

Earlier it was reported that bitcoin reached an all-time high of $ 97,858, increasing its market capitalization to $ 1.91 trillion — by 4.74% in just a few hours. The Polymarket forecasting platform estimates the probability of bitcoin reaching $ 100,000 by the end of November at 72%.