Bitoin bull market run :

The bitcoin rocket ship keeps climbing and reach 100 000$ on thursday for the first time in his history with a circulation supply is nearly 2 trillion $.

After election of the president of united states Donald trump, investors are optimistic, in fact His administration want to create a friendly regulation environment of cryptocurrencies.

One month ago bitoin was between 60 000$ and 75 000$, few weeks later it went to 99 073$, so from the begining of this year bitcoin double value and win 40% of his cost in the two last weeks.

We all remember the celebration we had when it was 1000$ and at 10000$ but now here we are about to be 100 000$.
Bitcoin expert think that at some point not too far in the future we are going to be thinking about a million dollar bitcoin price.

Donald Trump said that cryptos supported his campaign election and affirmed that US will be the capital of crypto in the planet.

So he forms pro crypto cabinet, and promise to launch crypto business world liberty financial in september to make easier for institutions and investors to enter the crypto market.

With new rules, new regulations, a clearer road map all these things enable finance to grow in a controlled way , in a productive way and hopefully in a way that don't hurt anyone.

US Senator LUMMIS calls for a Trump to create bitcoin strategic reserve and she said that US must have a bitcoin reserve with long term store value like gold and oil.

She proposed to convert $ money to bitcoin to make a reserve of 5% of bitcoin that exist in the world maket and hold that for next 20 years.

Due to decrease of dollars this will work against inflation and protect $ in world stage.

She said that bitcoin is a fantastic opportunity in the world due to the fact that every one can hold it , send it to anyone quickly with low cost.

It can change people situations from poverety for exemple to normal life

If we look to the chart of 24 november 2024 at 12h, we can see three zones where bitcoin can moves.

At this time bitcoin is at # 97 800 $, and there are many scenarios to its future moving, but let's see two main forwards roads:

First scenario: it is now in zone3, it moves down to Support3 then it can return up to Resistance3 breaks it, moves to zone2 breaks Resistance2 then up to 100 000$.

Second scenario: from its zone3 then it goes down to zone1 breaks Support1 and goes down again under 90 000$.

So let's see in coming days where bitcoin will go, but all experts expect that it will be a small correction down before it will break the step of 100000$ in end of december 2024 then it will move up to 120 000-140 000$ in beginning of 2025.

Please wait the next article in the coming days to analyze again the bitcoin evolution.