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With Bitcoin (BTC) reaching an all-time high of $103,679 on December 4th, crypto enthusiasts are speculating whether Bitcoin could maintain its $100K status. Currently trading at $96,699, Bitcoin experienced a slight dip of -0.82% in the last 24 hours but gained 26.11% over the past month.
Meanwhile, a new kid in town, JetBolt (JBOLT), is reaching new heights with its core innovative feature of zero-gas technology and presale performance of selling over 150 million tokens since its launch.
As the cryptocurrency prepares for a potential bull run, can BTC keep afloat above 100K while crypto bulls battle bears for its price dominance? What appeals to the crypto whales and buyers of this new altcoin, JetBolt? Read on to find out.
Can Bitcoin buoy above $100,000?
Shortly after President-elect Donald Trump announced his nomination of cryptocurrency advocate Paul Atkins to lead the Securities and Exchange Commission (SEC) on December 4, Bitcoin crossed the $100,000 line for the first time in the history of cryptocurrency. This milestone has raised a pressing question: Can BTC maintain its position above the $100K threshold? What are the driving factors behind bull’s interest in “digital gold”?
According to the analysts, BTC soaring to ATH was fueled by the bullish momentum in the market, factors including Atkin’s SEC Head nomination, the possibility of the creation of a Bitcoin strategic reserve, and heavy buying from MicroStrategy, the largest corporate Bitcoin holder.
Meanwhile, Bitcoin has a Relative Strength Index (RSI) is Neutral at 57, its MACD level indicates Sell at 3,475, and its Momentum Value suggests Buy at 508 as of this writing. BTC’s support level is at $92,000 support while its resistance is at $99,000.
BTC’s ability to sustain its position above $100K will depend on how the crypto market responds to Trump’s crypto-friendly stance and upcoming administration, Gary Gesler stepping down as SEC Chair, and the coin’s ability to maintain a bullish market sentiment.
Chart showing Bitcoin’s (BTC) price smashing the $100,000 threshold on Dec. 4 according to the Trading View platform.
What’s sparking JetBolt’s attraction to crypto whales and buyers?
While there are factors that could affect Bitcoin’s ability to sustain $100K, JetBolt (JBOLT) adds excitement in the crypto space with its revolutionary zero-gas technology and presale milestone of selling over 150 million tokens – a huge feat for an altcoin joining the highly competitive crypto market.
Powered by the Skale Network, JetBolt removes the traditional barrier of paying for gas fees which is commonly required during blockchain transactions. This innovation makes it a cost-effective and efficient platform for developers working on DeFi, NFTs, and other Web3 projects.
Aside from its groundbreaking zero gas tokens, JetBolt offers lightning-fast transactions, instant finality, and an AI-powered utility that keeps the users informed with the latest news in the blockchain industry.
Adding to its appeal, JetBolt introduces a unique, interactive staking program. Token holders can earn additional rewards by engaging with friends on the platform, making the usual staking process more exciting.
During the presale, early adopters can enjoy exclusive benefits, such as getting up to 25% bonus tokens by purchasing Alpha Box packages or bundled tokens. With its compelling features, it’s evident why crypto whales and buyers flock to JetBolt.
In Summary: Can Bitcoin Stay Above 100K Amidst JetBolt’s Presale Success
With Bitcoin (BTC) hitting an all-time high of $103,679 on December 4th, market observers speculate about whether the coin could stay above $100K. While BTC’s ability to sustain above $100K will depend on how the crypto market responds to various factors, a new altcoin entrant, JetBolt (JBOLT) is adding excitement in the crypto landscape with its zero-gas technology and presale soaring success of selling over 150 million tokens since its launch.
Explore more about JetBolt’s features and presale details on its official website and X/Twitter account.
This article does not provide financial advice. Always conduct your own thorough research before buying any cryptocurrencies, as the market is inherently risky and highly volatile.
