- BitcoinZella
- Posts
- Bitcoin Nears $100K: Breakout or Pullback Ahead?
Bitcoin Nears $100K: Breakout or Pullback Ahead?
Bitcoin’s meteoric rally to $97,154 has the market watching closely. With dominance at 61.5% and major inflows, a $100K breakthrough is within reach—but resistance and overbought signals hint at possible turbulence.
What we will talk about today...
Bitcoin Nears $100K: Breakout or Pullback Ahead?
Bitcoin $176K? Decoding the Hype Behind IBIT ETF Options
Bitcoin Hits $97,500: $100K Breakthrough on the Horizon?

Bitcoin’s meteoric rally to $97,154 has the market watching closely. With dominance at 61.5% and major inflows, a $100K breakthrough is within reach—but resistance and overbought signals hint at possible turbulence.
Main Points:
Rapid Gains: BTC surged 45% in 16 days, nearing the $100K milestone.
Market Dynamics: Whale buys, ETF inflows, and tightened supply are fueling growth.
Key Resistance: Sell walls at $98K–$100K and high RSI suggest caution.
Potential “Teleportation Phase”: A $100K breach could spark explosive retail interest.
Detailed Insights:
Why the Rally? Post-election momentum, ETF inflows ($628M in one day), and a $3.28T crypto market cap drive the surge.
Whale Influence: Large BTC acquisitions reduce supply, adding upward pressure.
Overbought Signals: RSI at 81.01 flags potential pullback; resistance at $98K looms large.
What’s Next? Breaking $100K could accelerate gains, but whales and corrections may temper short-term excitement.
Nearly 20mil btc have been mined out of total final supply of 21mil…
Estimates are that 4-5mil btc is lost forever.
Satoshi holds over 1mil btc.
Spot ETFs already own over 1mil btc.
MSTR on its way to 400k btc.
Not a price prediction, but there’s only so much to go around.
— Nate Geraci (@NateGeraci)
12:55 AM • Nov 21, 2024
Bitcoin’s path to $100K is electrifying, but traders should balance optimism with strategic caution. Keep an eye on $98K—it’s the key to the next move.

Novaxidil Triple Action Hair Regrowth Treatment
Novaxidil is a Premium OTC Triple Action hair loss treatment that stimulates hair regrowth, prevents further loss, AND nourishes your scalp with a combination of clinically proven ingredients: 5% Minoxidil, 2% K-Conazole, 1% Nicotinamide, Vitamin K, Biotin, and Collagen Peptides.
Our team of MD/PhD's formulated Novaxidil to maximize results while minimizing side effects.
MINOXIDIL 5%: Minoxidil is the Gold Standard for hair regrowth. It achieves this by shortening the telogen phase, extending the anagen phase, increasing blood flow to the scalp, and increasing dermal papilla cell activity.
K-CONAZOLE™ 2%: Studies have shown that K-Conazole™, a proprietary version of the popular compound, blocks the production of dihydrotestosterone (DHT), a hormone linked to male pattern baldness, as effectively as prescription alternatives like FINA without the side effects. It works by inhibiting the 5-alpha reductase (5AR) enzyme, which converts testosterone into DHT.
NICOTINAMIDE 1%: Nicotinamide, also known as niacinamide, has potent effects on hair regrowth. In studies, it has been shown to increase blood flow, and reduce inflammation to the scalp, as well as prevent premature catagen entry, and increase hair thickness. Nicotinamide works in synergy with Minoxidil, and K-Conazole™ to maximize hair regrowth, and minimize loss like no other product on the market!
Before you give up, and start rocking the "bald look," give Novaxidil a try. We're confident you won't regret it.
Just Clicking The Link Helps Us Continue
For Free Forever

Bitcoin $176K? Decoding the Hype Behind IBIT ETF Options
BlackRock’s IBIT Bitcoin ETF options debut sparked excitement, but high six-figure BTC price projections are speculative and unlikely, driven by complex trading strategies and low-cost bets.
Main Points:
Strong Start for IBIT Options: $1.9B trading volume and 4.4:1 call-to-put ratio signal bullish interest.
Speculative Bets Dominate: Cheap contracts imply improbable BTC prices over $170K.
Strategic Trades: Sophisticated strategies, like synthetic longs and covered calls, drive activity.
Realistic Targets: Moderate price gains, not extremes, reflect true market sentiment.
Detailed Insights:
Launch Highlights: IBIT options saw 288,740 call contracts traded on Day 1, with $100 calls drawing attention despite a low probability of success.
Speculative Mechanics: Contracts priced at $0.15 act as lottery tickets, distorting sentiment.
Hedging and Income: Strategies like bull call spreads and covered calls target moderate profits with limited risk.
Minimal Odds: The $176K projection stems from speculative trades rather than market consensus.
I just sold puts on $IBIT at the $50 strike for $2.15 and then used that premium to buy the $60 strike calls for $2.15. So now I'm synthetically long the Bitcoin ETF for free, it's a totally free trade. You gotta love trading options, they're the best.
— Ashton Cheekly (@elwalvador)
4:26 PM • Nov 20, 2024
Bitcoin ETF options offer innovative profit opportunities but require careful understanding of risks and realistic expectations. The hype surrounding six-figure BTC prices should be tempered with caution.

₿itcoin reached $97,169. +4.63%
♢Ethereum reached $3,125. +0.54%

Bitcoin’s meteoric rise to $97,500 has the market buzzing with optimism. Fueled by political shifts and institutional interest, BTC is eyeing the $100K milestone. However, experts warn of potential corrections amid the excitement.
Main Points:
Record Highs: Bitcoin surged 45% in two weeks, doubling its value in 2023.
Political Boost: Trump’s pro-crypto stance and supportive lawmakers drive market confidence.
Institutional Momentum: BlackRock’s iBIT ETF options trading saw strong demand.
Market Snapshot: BTC trades at $97,481 with a $1.93T market cap and $84.47B 24-hour volume.
Caution Ahead: Sharp rallies often lead to corrections; leverage adds risk in volatility.
Detailed Insights:
Political Tailwinds: Trump’s push for a national Bitcoin stockpile and plans for a crypto-friendly administration boost market sentiment.
Institutional Adoption: BlackRock’s ETF launch marks growing mainstream interest, with options for Grayscale and Bitwise ETFs coming soon.
Bullish Market: The crypto market added $800B since Trump’s victory, signaling sustained optimism.
Broader Trends: Ethereum rose 0.45% to $3,130, Solana gained 2.83%, but Dogecoin slipped 0.23%.
Bitcoin’s ascent is thrilling, but traders should balance enthusiasm with caution as the $100K milestone nears.

CAN YOU PREDICT THE PRICE?
Bitcoin Price Prediction for Tomorrow?🤔 |

HOW DID WE DO? 🤷
We read every comment submitted in this poll and love to hear what you guys have to say. 😁 (bonus points for suggestions 🍪) What did you think of today's Newsletter? Don't worry, you won't hurt our feelings... 🥲 |

Stay Tuned For More Twists and Turns in
🚀The Crypto World & Happy Investing🚀
This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results