Bitcoin Prices Continue To Rise, Soon To Reach 100,000 US Dollars

Bitcoin illustration (photo: Nanovest)

JAKARTA - Bitcoin again recorded a significant price spike, reaching a new level of 98,000 US dollars (Rp1.55 billion) on Friday, November 22. This increase brought the crypto market to a higher peak.

Seeing this bullish trend, many market analysts believe that this buyer's power will continue to push other crypto asset prices up in the coming days.

In addition, the increasing volume of trading and positive sentiment from various investment forums show that interest in crypto assets is heading to its peak, said crypto asset trading platform Nanovest in its official statement.

According to Nanovest, based on daily graph data, stable trading volume and strong buying pressure are the main drivers of bullish patterns with higher closing prices every day.

If this trend continues, the crypto asset trading platform predicts Bitcoin will potentially break the resistance level and reach US$100,000 (Rp15.8 billion) in the near future.

Nanovest also reminded traders to be vigilant and pay attention to market volatility when making investment decisions, especially by approaching the key level of US$100,000 (Rp15.8 billion).