Originally, this topic seemed far-fetched to everyone before the election, but with the election results in, Trump's thrilling victory; Bitcoin also surged in response, directly rising from the 70,000 mark to create new highs, and this week it even broke through the 90,000 mark, reaching around 93,330.

So people are starting to wonder: will Bitcoin break through the 100,000 USD mark next? I believe that before and after Trump officially takes office, Bitcoin starting with 100,000 may really become a reality.

Back in July, I emphasized that once Trump is re-elected, Bitcoin will see a significant rise. Although the rise to 90,000 in such a short time was somewhat unexpected, breaking through 80,000 was completely anticipated; and during this time, I have been consistently bullish, and this round of the bull market was entirely within my predictions.

Why do I believe Bitcoin will break through 100,000?

Firstly, the Federal Reserve is very likely to continue lowering interest rates in December. Powell mentioned in his speech yesterday that the Fed is not in a hurry to cut rates, but a series of economic data and the easing of inflation risks will force the Fed to lower rates. It’s worth noting that the Fed has not cut rates in over three years, and as a result, it has cut rates twice since September (we should also thank the Fed; otherwise, our A-shares might still be hovering around 2,700).

Secondly, Trump's favor for cryptocurrencies. At the Bitcoin conference in July, Trump proposed a Bitcoin strategic reserve plan, which is the most direct reason why Bitcoin soared after Trump's election (one must admire Musk's courage to bet his fortune on Trump).

So, considering external factors, Bitcoin breaking through 100,000 is not just a pipe dream, and having reached a high of 93,000, it is only 7,000 points away from 100,000!

On the technical side, a bull market does not signal a top; there is almost no pressure above. After this round of continuous rises, the indicators are already overbought! After hitting the peak this week, there is a short-term need for adjustment, with daily support at 85,000 and ultimate support around 82,000. If it falls below 85,000, the correction will continue to look at 82,000, but once it bounces back to 82,000, a new round of rises will begin. If it reaches 82,000, one can start positioning for a medium-term long; the overall bullish trend remains unchanged, and we are preparing to welcome 100,000 Bitcoin! (This article is originally from the public account: Xiao Feng Lun Bi, please indicate the source when reprinting!)

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