The price of Bitcoin continued to rise in the past 24 hours, soaring to a peak of $99000 before stopping and dropping about $1000 to the south.

Many altcoins have made impressive gains in the same time period, with ETH trading well above $3500 and DOGE soaring double digits.

BTC targets $99,000
Since the mid-December crash, BTC has been unable to recover most of its losses and has been consistently below $100,000. In addition, on Monday, December 30th, the index fell to a monthly low of $91,300, and bearish speculators expect it to fall below $90,000 again.

However, the bulls eventually ramped up their efforts at this point, not allowing such a decline. It was not without more struggle, BTC managed to rebound, surging to $96,000 on December 31. There it faced another rejection, bringing it down to $93,000, but this time, its response was better, starting to cultivate some ground in a more impressive way.