Bitcoin achieves a record close at 101,431.58 USD: Closing at 101,431.58 USD, Bitcoin (BTC) has only surpassed this level twice, reflecting strong price momentum. Trader Alan Santana emphasizes the bullish sentiment behind this significant trading session, reinforcing positive market trends.
Bullish pennant pattern indicates upward Movement: Bitcoin is forming a bullish pennant pattern, suggesting ongoing upward potential. Key support levels are established at 80,000 USD and 90,000 USD, while resistance is identified at 104,285.37 USD, which could lead to further price increases.
Strong demand keeps Bitcoin’s price stable: Robust demand from both institutional and retail investors prevents significant corrections since Bitcoin surpassed 80,000 USD. Historical patterns indicate potential MAJOR growth after brief corrections, as seen in previous post-halving cycles.