heading to the biggest target of $100k

Bitcoin, the world’s largest cryptocurrency, hit an all-time high of $95,672 on Wednesday after its price rose 3.55% in the last 24 hours.

Bitcoin first reached its new high price level of $95,000 on November 20; The next goal is $100 thousand. The price rose 42% from $67,400 in a month and rose by triple digits to 154% in a year.

1-Day BTC price chart, June 5 – November 20, 2024 | Source: crypto.news

The US elections remain the biggest boost to price action since Donald Trump won and his vision for better crypto regulations. He also singled out several names as his secretaries, identifying them as pro-crypto personalities, including Elon Musk and Robert. F. Kennedy Jr.

Bitcoin ETF trading options are also driving up crypto prices due to the high level of market interest in the crypto-related product. On Tuesday, BlackRock’s iShares Bitcoin Trust (IBIT) reached notional exposure of up to $1.9 billion.

Another trading option will be released on November 21, including Bitwise (BITB), Grayscale Bitcoin Trust (GBTC), and mini Trust edition (BTC).

Bitcoin price is 100 thousand dollars in the market

MicroStrategy’s executive chairman, Michael Saylor, said in an interview with CNBC on November 14 that he is already planning to throw a New Year’s Eve party to celebrate the $100,000 price tag before the end of the year.

“I think it will go up from here. I’m planning the $100,000 party and I think it will probably be at my house on New Year’s Eve. “I’d be surprised if we don’t get over $100,000 in November or December,” Saylor said.

Beyond its $100,000 price target, Bernstein Research has an ambitious bullish target of $200,000 in 2025. This estimate has been updated from $150K due to increased institutional demand in many locations.

You may also like: