Bitcoin's Push Toward $100K: What's Driving the Surge?

 Bitcoin (BTC) is experiencing a strong surge, with the price nearing the $100,000 mark. Traders are betting on the cryptocurrency breaking this psychological barrier, and many are predicting significant movement in the near future.

Bitcoin’s Surge Towards $100K


On November 21, Bitcoin saw a sudden gain as a liquidity squeeze took its price close to $100,000. At the time of writing, BTC/USD was just under $3,000 away from reaching this milestone. The market is closely watching this level, with some expecting a major push once it breaks through.
  • BTC Price Movement: Bitcoin's price is up nearly 3% on the day, with traders anticipating a final push toward $100K.
  • Sellers Holding the Line: Sellers are expected to defend the $100,000 level, but if they fail, BTC could continue its parabolic rise.
For a detailed look at Bitcoin’s price, read our full Bitcoin price prediction 2024,2025-2030 article.

Key Factors Driving the $100K Push

Traders are seeing this moment as a critical point for Bitcoin's price. As the $100,000 barrier looms, there are several factors at play:

  • Liquidity Squeeze: A squeeze in liquidity has contributed to the price action, pushing Bitcoin closer to the $100,000 threshold.
  • Ask Liquidity at $100K: New ask liquidity is appearing above $100,000 on exchanges, signaling that the market is starting to price Bitcoin above this level.

According to market analyst Skew, this influx of liquidity confirms that Bitcoin’s price is moving toward $100,000, with the potential for even higher gains.


What Happens After $100K?

The $100,000 mark has been seen as a critical psychological barrier for Bitcoin. Once breached, many believe it could trigger a phenomenon known as "teleportation."

  • FOMO Effect: As Bitcoin approaches $100K, retail investors may rush back into the market, driven by fear of missing out (FOMO). This could cause a significant surge in demand.
  • Market Reaction: According to Charles Edwards, founder of Capriole Investments, the shift above $100K will likely lead to massive buying as the general public re-enters the market.

BTC Liquidations and Market Sentiment


In the last 24 hours, there have been over $92 million in BTC liquidations. This shows that traders are feeling the pressure as Bitcoin continues its upward trend, with some betting on a price drop while others anticipate further gains.

Can Bitcoin Hit $100K Soon?

Bitcoin is nearing the $100,000 mark faster than expected, with momentum building ahead of the Wall Street open. If the price breaks this level, we could see Bitcoin enter a new phase of rapid price movement, potentially fueled by FOMO and a new wave of buying.

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