Bitcoin has reached a brand new all-time high, surpassing the $100,000 mark for the first time.The world’s leading cryptocurrency saw its value surge amid optimism that US President-elect Donald Trump might introduce crypto-friendly policies.This historic achievement came just hours after Trump announced his plan to nominate former SEC commissioner Paul Atkins to lead the Wall Street regulatory body.The $100,000 Bitcoin all time high milestone sparked celebrations among crypto enthusiasts worldwide.Bitcoin New All Time High Over $100,000 Yahoo Finance VideoBitcoin’s volatile nature has always drawn attention, with supporters rejoicing during price surges and standing firm through downturns.However, this particular milestone has been highly anticipated. For weeks, social media buzzed with charts, predictions, and memes speculating about when Bitcoin would hit the $100,000 new all time high target, often regarded as a significant goal in the crypto community.Online watch parties attracted millions of viewers as the price hovered near the landmark figure.The price of Bitcoin is often seen as a measure of confidence in the cryptocurrency market, which is now estimated to be worth $3.3 trillion, according to CoinMarketCap.
How Should You Consider Reacting To Bitcoin New All Time High Over $100,000?Here’s what you need to know about crypto if you feel you missed out or are considering selling at high prices. I’m Kiana Danial, a former engineer. My total crypto portfolio is now over $2.3 million combined. I started investing in Bitcoin & other crypto assets as a tool for diversification. Each crypto asset has a very specific reason for being in my portfolio.I invested Bitcoin because it’s the only genuinely decentralised asset you can ever own.This means as long as you keep your coins in a hard wallet and hide them in a safe place, no centralised government body can seize them. My favourite hard wallets include Ledger, Trezor, or Bitkey. Other crypto assets like Ethereum and Solana are NOT decentralised. But some make for great diversification, especially the ones that pay you free money, called staking rewards, just for holding them.
If you’re considering buying crypto simply because you’re seeing the hype, DON’T.Investing in any asset involves risk. Crypto, in particular, is extremely volatile. You need to have a solid understanding of its fundamentals before investing. But if you have researched and believe Bitcoin is a suitable addition to your investment portfolio, you could consider my Bitcoin (BTC) price analysis below. 
BTC/USD has formed a ‘double top’ bearish reversal chart pattern, and Fibonacci shows that it could drop to the orange and purple levels of $85,697, $77,081, $69,905, $62,503, $52,304 in the long term. I remain long-term bullish on Bitcoin and in the past 24 hours Bitcoin has reached a new all time high over $100,000.More By This Author:Why I Sold My United Airlines Stocks
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