Bitcoin surged to $102,650 based on on-chain data and crowd sentiment, predicting potential buy/sell opportunities.

From Investing.com

December 14, 2024 1:00:19 pm:

Bitcoin, the leading cryptocurrency, surged to $102,650, with social media showing muted buying chatter. On-chain data suggests potential buy/sell opportunities based on crowd sentiment. High sell vs buy interest led to Bitcoin rises on Nov. 26 and Dec. 2, while high buy vs sell interest caused drops. Market not yet greedy, room for growth before peak.

Bitcoin hit $102,000 after digesting recent gains, following a historic rally to $100,000. Cryptos surged after November CPI data met expectations, clearing way for possible Fed interest rate drop. Bitcoin retested $102,000 twice this week, reaching highs of $102,650. Investors foresee choppy trading around $100,000, with some predicting price doubling in the year ahead. Predictions include cycle high of $200,000 in 2025 and upside to $250,000 next year.

Read more at Investing.com: What’s Next for Bitcoin? On-Chain Data Signals What’s Coming By U.Today