Bitcoin Nears $100,000: Only 2% Away from a Historic Milestone
· Regulation · Stormrake
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Bitcoin has soared past $97,000, setting a new all-time high just shy of $99,000—marking the third consecutive day of record highs. The past 24 hours have encapsulated the essence of a true bull run. Bitcoin surged from $94.4K to $98K in just three hours, followed by a brief pullback, only to rally again late last night. This time, however, the rally was accompanied by significant movement in altcoins.
Among the majors, Ethereum emerged as the standout, rallying nearly 9%, with Solana closely following in second place. As altcoins gained momentum, Bitcoin's rally slowed, leading to a dip in Bitcoin dominance from 61.83% to 60.61%. Despite this decline, dominance remains above 60%, signaling that the market is still in the early stages of the bull run. A slight drop in dominance is not a sign of the next phase; the true "alt season" typically begins after a more substantial correction.
So, what are you waiting for? We are on the brink of a period where generational wealth can be created. Why remain on the sidelines? If you're hesitant, thinking Bitcoin is "too high" or that "a pullback is coming," consider this: Bitcoin has surged from $66.8K to $98.9K since November 4—a $30K rally—without a single pullback exceeding 3%. Many have been waiting for corrections at $75K, $82K, $88K, $92K, and now current levels, only to miss out on a 50% rally in under three weeks.
Ask yourself: are you willing to keep waiting for a pullback that might never come, risking the chance to participate in this generational opportunity? While a pullback may happen, it could just as easily occur after Bitcoin reaches $120K—still well above today's prices. The boat hasn’t left yet; it’s not too late. If anything, this is your signal to reassess your stance—you’re likely not bullish enough.
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