Tag: 106K

Bitcoin price poised for breakout with $127k target if $106k cracks soon

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Bitcoin is consolidating just below a major resistance level at $106,433, with bullish momentum building. If this level breaks with strong volume, a push toward $127,600 could follow swiftly. Despite giving up all of its gains made over the past 24 hours, Bitcoin (BTC) remains within striking distance of its all-time high, showing strong signs of a bullish continuation. After months of climbing through higher highs and higher lows, BTC now faces one final technical hurdle at $106,433, a level that has acted as a ceiling for price action since…

Bitcoin Technical Analysis: Will a Break Above $106K Ignite a Rally Back to $109K?

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Bitcoin is currently valued at $104,810 to $104,987 over the past 60 minutes, with a 24-hour trading volume of $18.20 billion and a total market capitalization of $2.07 trillion. The intraday price oscillates between $104,492 and $105,376, reflecting a tightly confined trading band. Bitcoin On the daily chart, bitcoin demonstrates a discernible recovery from its […] Original

Bitcoin (BTC) Price Tops $106K as New FASB Rule Takes Effect

By Omkar Godbole (All times ET unless indicated otherwise) Imagine you have a rare collectible. It’s aged like fine wine, but only shows the original price tag. That’s how U.S. companies have been told to value their bitcoin … stuck in the past instead of reflecting its true worth. As of today, that changes. Yes, today is when the FASB fair value accounting rule, which passed in 2023, takes effect, allowing companies to report their bitcoin holdings at fair market value instead of the purchase price. The change gives firms…

Bitcoin reaches ATH of $106K after Trump’s NYSE comments

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Bitcoin reached an all-time high on Monday after institutional interest in the digital currency spiked as President-elect Donald Trump confirmed plans for Bitcoin reserve. Bitcoin (BTC) reached an all-time high of $106,488.25 at 12:40 AM UTC after ascending for 25 minutes straight. This hike follows the former U.S. President Donald Trump’s announcement at the New York Stock Exchange on Dec. 12 to create a U.S. Bitcoin strategic reserve. Trump’s remarks, intended to ensure the U.S. maintains an advantage over global rivals, have spurred investor excitement and propelled market momentum. Speaking…

Bitcoin (BTC) Price Soars to $106K, Then Retreats as Hawkish Fed Rate Cut Looms

Bitcoin (BTC) surged to over $106,000 in early Asian hours, setting new all-time highs before quickly retreating to $104,500 amid concerns about the upcoming U.S. Federal Reserve (Fed) rate cut. The U.S. central bank is expected to reduce the benchmark borrowing cost by 25 basis points to the 4.25% to 4.5% range, marking a total easing of 100 basis points since September. However, there are concerns that the accompanying Fed commentary will seek to temper expectations for further easing, potentially diminishing the bullish impact of the rate cut. The Fed…