Bitcoin Hits $108K A 2024 Milestone and What’s Next?Bitcoin had an impressive rally, reaching $100,000, a milestone I never imagined we'd see in 2024. But not only did we hit $100,000, we soared all the way up to $108,392.28! It truly made my day, and I'm sure many others feel the same. We've all been holding for years, and I've been in cryptocurrency since 2009-2010. To witness Bitcoin hit 100k is nothing short of a miracle, and it's reflected in the charts.
I want to wish everyone a Happy New Year! It's been a fantastic 2024, and this is my final chart of the year. Right now, we're looking at Bitcoin forming a head and shoulders pattern. It's a bit sloppy, but it could work. The left shoulder, head, and right shoulder are clear, and if the price breaks below the neckline, we could see a drop all the way down to $73,607.06.
I hope the TradingView monitors will promote this post and not delete it. What goes up must eventually come down, and it looks like Bitcoin is heading that way. We might return to where we started, possibly all the way down to the rally from November 5th. Let's hope it doesn't go that low and instead halts at the point of interest around $83,000.
Wishing you all a wonderful and safe New Year! Thanks to the TradingView monitors for keeping most of my posts up this year only one got deleted. See you all next year! 2025
#BitcoinMilestone #NewYearCrypto
