News 
December 12, 2024 
3 min. 
Bitcoin has once again surpassed the $100K mark, reaching a price of $101,356 with a 4% increase in the last 24 hours. This upward trend was supported by US inflation data, which reinforced expectations of a rate cut by the Federal Reserve.
Below-Expectation Inflation Boosts Bitcoin Back to $100K
The $100K mark was boosted by the publication of US inflation data, which showed a greater-than-expected slowdown. Inflation in November came in at 3.2%, below the projected 3.6%, increasing expectations of interest rate cuts by the Federal Reserve (Fed). Furthermore, the favorable macroeconomic scenario strengthens Bitcoin’s appeal as a store of value in times of monetary easing.
Investors see the slowdown in inflation as a sign that the Fed may adopt a less aggressive stance. With markets pricing in interest rate cuts of up to 50 basis points in the coming months, the dollar has weakened, benefiting risk assets such as Bitcoin. In addition, the negative correlation between BTC and the dollar has intensified, fueling the cryptocurrency’s recent rally.
Breaking the $100,000 barrier reinforces optimism regarding BTC for 2025. Analysts predict that if US monetary policy becomes more flexible, the price of Bitcoin could reach new records. However, the market remains sensitive to Fed decisions and future economic data.
The recent rally also highlights the growing institutional interest in Bitcoin. Crypto investment funds and ETFs are playing an important role in increasing demand. However, the market still faces regulatory challenges that could influence its performance in the medium term.
Bitcoin Price Prediction
Bitcoin has once again surpassed the $100,000 mark in the last 24 hours, highlighting significant resistance at $104,000, as shown in the chart (red line). The move is accompanied by an increase in volume, indicating increased buying interest, while support near $94,000 continues to hold.
The RSI indicator points to moderate upside momentum, but still far from the overbought zone, suggesting room for further gains before a correction.
Despite the recent rally, BTC is struggling to break the $104,000 resistance. The decreasing volume in the last few hours suggests that buyers may be losing momentum.
The current consolidation between $100,000 and $104,000 will be crucial in determining the next move. If the $100,000 support is lost, the price could retreat to levels below $96,000.
