Bitcoin is just a stone’s throw away from breaking its all-time high, and the excitement is building quickly! Now that the bulls are in control, well-known trader Captain Faibik predicts a strong rally that could push Bitcoin’s price up by 10-12%. If it breaks the key level of $103,000, Bitcoin could rise to $113,000, which would mark another major milestone for the crypto giant.
Bitcoin Bulls Eye Target of $113K
The recent chart shared by Captain Faibik highlights Bitcoin’s steady uptrend. Bitcoin has formed higher lows, supported by an ascending trendline, showing clear bullish momentum.
If Bitcoin maintains this momentum and breaks the $103,000 resistance level, Faibik predicts a rally of over 10-12%. This move could push the price towards $113,000, a new milestone for the world’s leading cryptocurrency.
If Bitcoin breaks through the resistance in the coming days, it will not only set a new all-time high but also further cement its place as the dominant force in the world of digital assets. Currently trading around $101,835.76, the leading cryptocurrency is just 1.7% away from breaking its all-time high of $103,679.
Discover Bitcoin ETF Record $4.8 Billion
On the other hand, spot Bitcoin (BTC) ETFs have seen massive inflows for 13 consecutive days, adding more than $5.3 billion between November 27 and December 13.
BlackRock’s Bitcoin ETF recently made headlines by accumulating over 500,000 BTC, making it the most traded ETF among 11 competitors. This underlines the growing interest in Bitcoin among Wall Street investors.
At the same time, rising geopolitical tensions and Donald Trump’s victory in the presidential election have fueled Bitcoin’s price rise, pushing it to new highs.