Bitcoin Surges Towards $100K
Update: 2025-12-16
Description
Bitcoins price surged this week, with traders aiming for a breakthrough past resistance levels towards the one hundred thousand dollar mark. The US employment data, showing a rise in unemployment but unexpected job additions, added to market uncertainty. The one hundred-week simple moving average at eighty-four thousand six hundred forty-six dollars serves as a key support level. Traders are now looking at potential targets like ninety-five thousand dollars and a possible dip to Aprils lows before a rally above one hundred thousand dollars in the first quarter of two thousand twenty-six.
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