INSUBCONTINENT EXCLUSIVE:
The cryptocurrency market showed strong momentum to start the new year
Bitcoin rose 1.24% in the last 24 hours, trading at $99,579
The global cryptocurrency market cap increased to $3.54 trillion, up 0.29% from yesterday.Analysts attribute the rally to several factors
The cryptocurrency broke through its upper bullish channel boundary
The Relative Strength Index (RSI) shows buy signals, further supporting positive sentiment.Bitcoin Surges Past $99,000 as Market Anticipates
(Photo Internet reproduction)However, on-chain activity remains subdued
Daily active addresses declined 30% to 676,000 transactions on December 30
This drop suggests that long-term holders and bullish whales drive the current momentum
Lin Chen of Deribit reported a net inflow of $255.3 million for the week
Fidelity increased holdings by 3,684.64 BTC on Friday.Bitcoin Surges Past $99,000 as Market Anticipates $100,000 MilestoneMarket experts
He identified $99,400 as a key resistance level
Shivam Thakral, BuyUcoin CEO, highlighted growing institutional interest as a driving factor.Looking ahead, analysts predict further gains
HC Wainwright raised their target price from $140,000 to $225,000 for 2025
They cited regulatory clarity and institutional adoption as potential catalysts.The market eagerly anticipates Bitcoin breaking the $100,000
This milestone could trigger a new wave of investor interest and media attention
