Bitcoin is just around the corner from hitting an all-time high, and expectations are growing fast! With the bulls under control, celebrity trader Captain Faibik predicts a strong rally that could push Bitcoin price up 10-12%. Breaking the $103,000 level could send Bitcoin soaring to $113,000, marking another significant milestone for the cryptocurrency giant.
Bitcoin Bullseye Target $113K
A recent chart shared by Captain Faibik highlights Bitcoin’s steady upward trend. Bitcoin has been making higher lows supported by an upward trend line, showing clear bullish momentum.
If Bitcoin maintains this momentum and breaks the $103,000 resistance, Faibik predicts a rally of more than 10-12%. The move could push the price to the $113,000 level, a new milestone for the world’s leading cryptocurrency.
If Bitcoin breaks resistance in the coming days, it will not only hit new all-time highs but also further solidify its position as a dominant force in the world of digital assets. Bitcoin is currently trading at around $101,835.76, with the major cryptocurrency just 1.7% away from breaking its all-time high of $103,679.
Spot Bitcoin ETF hits $4.8 billion
Meanwhile, the spot Bitcoin (BTC) ETF saw 13 consecutive days of large inflows, adding more than $5.3 billion from November 27 to December 13.
BlackRock’s Bitcoin ETF recently made headlines by accumulating over 500,000 BTC, making it the most traded ETF among its 11 competitors. This highlights the growing interest in Bitcoin among Wall Street investors.
At the same time, rising geopolitical tensions and Donald Trump’s presidential election victory caused the price of Bitcoin to surge, reaching new highs.