Bitcoin’s Final Countdown: Can It Still Surge Past $100,000 Before December Ends?
It's the last week of the year, and the crypto world holds its breath. All eyes are locked on the six-figure threshold.
The $100,000 Question
Market sentiment is a pendulum swinging between greed and fear. Institutional inflows have been a steady drumbeat, but retail FOMO hasn't hit the fever pitch many predicted. The charts show a consolidation pattern that could either be a springboard or a ceiling. Technical analysts are divided—some see a classic bull flag forming, others warn of a double-top pattern. Liquidity sits just above that magic number, a tantalizing target for whales.
Macro Winds in the Sails—Or Against Them?
Traditional finance isn't making it easy. Every Fed whisper about rates sends shockwaves. Yet, Bitcoin continues to prove its narrative as a hedge, attracting capital looking for an exit from inflationary pressures. The regulatory landscape remains a patchwork, with some jurisdictions rolling out the red carpet while others build walls. It's the classic crypto dance: two steps forward, one step back, often timed perfectly to spoil a banker's lunch.
The Final Verdict
The runway is short, the fuel is there, but the weather's unclear. Hitting that target requires a perfect storm of momentum, volume, and a narrative strong enough to cut through the year-end noise. It's a high-stakes race against the clock. Will Bitcoin deliver one last spectacular rally for the history books, or will the six-figure dream be deferred to next year's resolution list? The market is about to write the final chapter.
Why Bitcoin Price Could Still Reclaim $100,000 This Month
According to a post by crypto analyst The Penguin XBT on X (formerly Twitter), the Bitcoin price is still looking good from here. This is because the structure remains incredibly clean and continues to look clean across all timeframes, hence showing more bullish tendencies than bearish.
As the price continues to trade inside the range of $86,000 and $89,000, the crypto analyst believes that there is still a chance of a recovery. However, the chances of it going either way are still quite high, and a breakout or breakdown could be the result from here.
In the case of a breakout, then the crypto analyst sees the bitcoin price climbing above $100,000. More importantly, the analyst believes that this break could still happen this month, with less than two weeks to go before the year ends. The upper end of this breakout is placed above $107,000, where there is still major resistance.
On the flip side of this, where the Bitcoin price breaks down, then the crypto analyst sees a less significant move. This would put Bitcoin as low as $80,000, but with the expectation that there will be some support at this level.
The technical analysis highlights the fact that the bitcoin price has already played out a clear leading diagonal for Wave 1. With this complete, they expect that the Wave 3 will be underway, something that could possibly trigger the next upward move.
“Structure is doing exactly what it should. No rush here. More patience than action,” the crypto analyst explained in the post. Thus, it is only a matter of time to see how the Bitcoin price moves before mapping out a clear trajectory.
