Bitcoin Breaks $100K Amidst Market Euphoria and Pro-Crypto Sentiment

Bitcoin surged past $100,000 for the first time, driven by investor optimism about the incoming Trump administration's potential crypto-friendly policies, including the appointment of crypto enthusiast Paul Atkins to lead the SEC. The cryptocurrency's breakout above a pennant pattern suggests a bullish target of $129,930, while key support levels to watch are $90,500, $80,500, and $70,000. The rally reflects a 45% increase since the election, with technical indicators like the golden cross and RSI supporting the uptrend, though overbought conditions may prompt profit-taking.