Bitcoin Price Jumps 2.3% as Crypto All-Stars Head to $14 Million

bitcoin price is up 2.3% in the last 24 hours to trade at $100,306 as of 7:10 a.m. EST despite a 17% drop in trading volume to $108 billion.

This rise in bitcoin price comes as Bitwise says the cryptocurrency market is poised for a transformative 2025, with btc expected to surpass the $200,000 mark.

According to the <a target="_blank" href="https://bitwiseinvestments.com/crypto-market-insights/the-year-ahead-10-crypto-predictions-for-2025″>Bit by bit reportGrowth will be driven by clearer regulatory guidelines, greater institutional adoption and technological advances.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”9.9024390243902″>

bitcoin will reach $200,000 in 2025, according to Bitwise.

$500K “If the US government moves forward with proposals to establish a strategic reserve of 1 million bitcoin.” pic.twitter.com/02EPXnJ6vZ

— MAGA (LaughMoreDaily) (@MAGA_MAHA_MBGA) <a target="_blank" href="https://twitter.com/MAGA_MAHA_MBGA/status/1867050094236930176?ref_src=twsrc%5Etfw”>December 12, 2024

A key factor contributing to bitcoin's rise is the inflow into bitcoin Spot ETFs of $33.6 billion in investments so far in 2024. As more institutional investors allocate larger portions of their portfolios to bitcoin, expects this trend to accelerate in 2025.

bitcoin Price Regains Momentum Above $100,000

The btc/USDT price action on a daily time frame indicates that the current price is <a target="_blank" href="https://www.coingecko.com/en/coins/bitcoin“>trading at $100,371which reflects a drop of 0.74%. The chart also shows a possible bullish move with a price target of approximately $110,000, indicating bullish expectations.

Key support levels are marked around $68,721 and $86,632, and the price has respected these levels during the recent pullbacks. This indicates strong buying interest at these points and if the price pulls back, these areas can act as buy zones.

<img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="bitcoin price” width=”1281″ height=”545″ data-lazy-srcset=”https://technicalterrence.com/wp-content/uploads/2024/12/Bitcoin-Price-Jumps-23-as-Crypto-All-Stars-Head-to-14.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/12/BTCUSDT_2024-12-12_14-33-23-300×128.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/12/BTCUSDT_2024-12-12_14-33-23-1024×436.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/12/BTCUSDT_2024-12-12_14-33-23-768×327.png 768w” data-lazy-sizes=”(max-width: 1281px) 100vw, 1281px” data-lazy-src=”https://technicalterrence.com/wp-content/uploads/2024/12/Bitcoin-Price-Jumps-23-as-Crypto-All-Stars-Head-to-14.png”/><img decoding="async" src="https://technicalterrence.com/wp-content/uploads/2024/12/Bitcoin-Price-Jumps-23-as-Crypto-All-Stars-Head-to-14.png" alt="bitcoin price” width=”1281″ height=”545″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/12/Bitcoin-Price-Jumps-23-as-Crypto-All-Stars-Head-to-14.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/12/BTCUSDT_2024-12-12_14-33-23-300×128.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/12/BTCUSDT_2024-12-12_14-33-23-1024×436.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/12/BTCUSDT_2024-12-12_14-33-23-768×327.png 768w” sizes=”(max-width: 1281px) 100vw, 1281px”/>

BTCUSDT Analysis Source: Tradingview

The 50-day SMA (green line) is above the 200-day SMA (blue line), indicating a Golden Cross, a strong bullish signal. This crossover indicates that the short-term price momentum is aligned with the long-term trend, further supporting the bullish outlook. Both moving averages are pointing up, confirming the current uptrend.

The chart also shows a double bottom pattern inside a yellow box, a bullish reversal formation. The price bounced twice to $68,721, and this breakout of the pattern has led to the current uptrend. This reinforces the expectation of greater profits in the short and medium term.

The RSI (14) is currently at 64.42, moderately bullish but approaching overbought territory around 70. This could indicate a possible pullback or consolidation before any further rises. However, as the RSI is still below 70, there is room for the price to rally towards the $110,000 price target before reaching an overbought condition.

bitcoin is in a strong uptrend, with key support levels at $68,721 and $86,632. The Golden Cross and double bottom pattern support the bullish price action, and the $110,000 price target appears achievable. However, traders should monitor the RSI as it approaches overbought conditions, as a short-term pullback may occur before the price can reach the target.

crypto All-Stars Pre-Sale Closes at $14 Million – Last Chance to Buy!

As bitcoin prepares for another upward move, traders are jumping in to pre-sell the new crypto All-Stars (STARS) meme coin.

The project has already raised more than $13.8 million and is now less than eight days away from preparing to go public.

Popular YouTuber ClayBro, with over 133,000 subscribers, predicted that STARS could see a 10x surge after its release.

Unlike traditional meme coins that rely heavily on community support and advertising, crypto All-Stars (STARS) offers significant utility through an innovative staking platform.

This platform allows users to stake some of the most popular meme coins on the market, including DOGE, SHIB, PEPECOIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO.

crypto All-Stars is leveraging brand awareness to expand its market presence by supporting such a wide range of tokens.

The project also plans to support additional assets in the coming months, further enhancing its appeal.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”8.4891304347826″>

The entrance to the All-Star Game house seems magical, doesn't it?

Ready to enter ? pic.twitter.com/vRzAFXIDn7

– crypto All-Stars (@all_stars_coin) <a target="_blank" href="https://twitter.com/all_stars_coin/status/1865818698931700052?ref_src=twsrc%5Etfw”>December 8, 2024

One of the key features that attracts investors to crypto All-Stars is its ability to consolidate stakes in multiple tokens on a single platform.

By staking any supported token, investors earn passive rewards in STARS, which can also be locked on the platform.

Early adopters betting on STARS can now take advantage of a 190% annual return, offering significant growth potential.

STARS is currently selling for $0.0016782 and can be purchased using eth, USDT, BNB, FLOKI, SHIB, PEPE, DOGE or a bank card.

BUY STARS here.

Related articles