Bitcoin passes a historical milestone: $100,000

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Bitcoin has outperformed the S&P 500 by more than 25% year-to-date and, on December 5th, 2024, reached the $100,000 price level—a historic milestone for an asset that has existed for less than two decades.

The previous resistance level of $73,000 was breached, creating momentum for price discovery that led to $100,000. If a solid breakout above the $100,000 price level occurs, further price discovery is highly likely, as Bitcoin is now trading at all-time highs.

If the $100,000 price level is rejected, the support level of $73,000 could be tested, potentially leading to further downward price movement.

It is important to note that the current market capitalization of Bitcoin is over $2 trillion, and the circulating supply is more than 92% of the total supply. The Genesis block (the first block) of Bitcoin was processed on January 3rd, 2009. Since its inception, Bitcoin has faced difficulty in being understood by the majority of the population. However, after 13 years, there has been significant improvement in the public's understanding of Bitcoin.
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