Bitcoin hits a new high of $106.K, and now targeting $115K. However, a larger correction could happen after this rally.

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BTC failed to rebound into the $103,000-$104,000 range. The focus remains on whether it can reclaim the 4-hour MA140 at $99,200, which would suggest a mere consolidation rather than a downturn.

Bitcoin has dropped to $98.8K after Fed Chair Powell said the Fed is 'not allowed' to own cryptocurrency. Meanwhile, the TOTAL3 index, which tracks altcoin performance, has dropped to $945 billion, nearing its December 10th low.

This will be an ongoing process, rolling throughout Q1 2025 and beyond, as staked WOO is gradually migrated onchain and a new portal named My WOO is introduced. 

After hitting a new all-time high of $108.3K, Bitcoin could remain bullish as long as it stays above $103.1K.

Alex joining the team marks a pivotal moment as we accelerate our AI-driven strategies,” said Willy Chuang, COO of WOO X.

At this point, altcoins could expect to see a broader rebound only after Bitcoin stabilizes at new highs.

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Bitcoin hits a new high of $106.K, and now targeting $115K. However, a larger correction could happen after this rally.