Bitcoin Eyes Clean Break Above $100,000 – Will the Rally Continue?

Bitcoin is back in the green today. After bouncing off support at $95,000, the coin has powered through to $99,000 – and is eyeing the $100,000 level again.

Bitcoin price analysis for December 11, 2024.

Bitcoin price soared above $99,000 today, continuing its bullish rally towards $100,000.

Several top meme coins are also rallying, including TURBO, which has soared over 30%.

Pepe Unchained, a new coin that launched on Uniswap yesterday, has exploded, outperforming Bitcoin and other meme coins.

Bitcoin price analysis: BTC eyes $100,000 as trading volumes surge

Bitcoin price soared above $99,000 today, continuing its bullish rally towards the highly anticipated $100,000 level.

After bouncing off support at $95,000 yesterday, BTC price rallied through the lower-$90K resistance zone and is now eyeing $100,000 again.

This 24-hour surge of over 4% has got traders buzzing, especially after Bitcoin price dropped below $90,000 earlier this week.

But what’s causing this sudden rebound?

One potential catalyst could be spot trading volumes, which have increased to $93 billion in the past day.

This massive surge in activity suggests that traders are keen to gain exposure to BTC before the end of the year.

After all, Bitcoin price has performed well in the past during the fourth quarter.

Mister Crypto, a popular analyst with a sizable Twitter following, believes a major breakout is “inevitable” with all this action.

He posted a price chart showing Bitcoin is nearing the end of a large triangle pattern on the 8-hour timeframe.

Bitcoin Price Chart – 8 Hour Timeframe (Mister Crypto)

“Major breakout inevitable.Bitcoin completing the triangle on the 8hr.Holidays coming so the market will cool off a bit.

While it looks ready to blast off again, traders might have to wait until January for it to cement itself above $100K.”

However, the holidays are coming, which usually means the market cools slightly. So, while Bitcoin looks ready to blast off again, traders might have to wait until January for it to cement itself above $100,000.

Coinbase listing prompts huge price rally for TURBO

Bitcoin’s rebound is grabbing attention, but the real bullishness is happening in the meme coin space, where Turbo is stealing the show.

This AI-created coin has rallied over 30% in the past 24 hours – and it’s all thanks to a Coinbase listing that has sent trading volumes through the roof. Talk about ideal timing.

With the broader crypto market back in the green and big-name meme coins like DOGE and SHIB rising, Turbo’s Coinbase listing has put it in the spotlight.

Getting listed on one of the world’s biggest exchanges is a major win, with TURBO now the eighth most traded meme coin globally.

This happened just a week after Coinbase announced TURBO was on its radar. TURBO holders are hyped about how quickly things moved from a maybe to a definite yes, and the demand shows no signs of slowing down.

The token is even approaching a billion-dollar market cap for the first time. Things are clearly heating up for TURBO – but it’s not the only meme coin experiencing a breakout this week.

Pepe Unchained explodes after Uniswap listing – is PEPU the next meme coin sensation?

The coin that’s grabbing everyone’s attention is Pepe Unchained. Pepe Unchained launched on Uniswap yesterday and has outperformed Bitcoin and all other established meme coins, including TURBO.

PEPU rallied to an all-time high of $0.0265 earlier – giving it a market cap of $208 million. Investors who bought PEPU at its launch price have already seen returns of 85%, while those who bought the initial dip have generated gains of 189%.

Two words: ROARING SUCCESS!

That's the only way to describe Pepe Unchained's first day. And we want to congratulate our insane community, while sharing some highlights from the first 24 hours.

🔥Pepe Unchained L2 LAUNCHED flawlessly🔥Trending NUMBER 1 On @dexscreener… pic.twitter.com/mMZT2L0zl1

— Pepe Unchained (@pepe_unchained) December 11, 2024

With over 43,000 holders and $27 million in trading volume in its first 24 hours, Pepe Unchained is now the fourth-trending crypto on CoinMarketCap.

Most of this early demand is because of the project’s unique setup. It aims to disrupt the meme coin ecosystem by introducing a Layer-2 network that promises faster transactions (and lower fees) than Ethereum.

With its own DEX already live and a no-code meme coin launcher in