Bitcoin Hits New ATH: Which Projects Stand to Gain?

2 min read December 6, 2024
Lenka Fetyko

Bitcoin Hits New ATH: Which Projects Stand to Gain?

So, here we are – Bitcoin has done it again, smashing through its previous all-time high and crossing the monumental $100,000 mark. The crypto world is buzzing, Twitter’s on fire, and every conversation at the coffee shop suddenly starts with, “So, Bitcoin…?”

Bitcoin’s recent surge isn’t just hype – big players like institutions and corporations are in. With ETFs now available and the SEC warming up to crypto, it’s easier than ever for investors to join. Add persistent global inflation and younger generations embracing Bitcoin as “digital gold,” and you’ve got the perfect storm for a price boom.

What Happens Next?

Based on our BTC trade setup (see all 65 trade setups):

After brief consolidation, BTC price has broken above $100K resistance, making new ATH (all-time-highs). This is a new territory, therefore, we used Fibonacci Extensions to identify possible resistance areas ahead.

Price is not overbought (RSI ~ 70), hence, momentum could carry the price higher, perhaps $110,000 near-term (weeks) and $123,000 mid-term (months).

By end of 2025, Standard Chartered analyst believes that BTC will double to $200K, driven by continued adoption by institutional investors including pension funds.

Which Coins Will Benefit From Bitcoin Adoption?

We’ve released a free research report exploring the BTC ecosystem and Layer 2 projects poised to benefit from Bitcoin’s price surge and growing adoption. Discover our TOP 3 Picks here.

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