🟠On December 11, Bitcoin returned to the $100,000 mark, climbing nearly 4% in a single day due to favorable macroeconomic data from the U.S. After initial struggles, BTC/USD managed to surpass the significant psychological six-figure threshold. Analyst Skew noted that the market is being driven by robust buying activity, despite a noticeable gap between supply and demand.
🟠Traders like Roman and Johnny on X anticipate further gains, predicting a climb to $112,000, supported by a recovery in the Relative Strength Index (RSI).
🟠Positive sentiment is also linked to the U.S. Consumer Price Index (CPI) report, which aligned with forecasts. This bolstered expectations of a 0.25% interest rate cut by the Federal Reserve at its upcoming meeting on December 18. Analysts view this as a key signal for strengthening the cryptocurrency market.