Bitcoin Nears $100K: Analysts Predict Record-Breaking Surge

Bitcoin Price Surge and Predictions

Bitcoin (BTC) has recently hit a new high of $86,720.11, marking a 15.98% increase. This surge has brought Bitcoin just 17% away from the $100,000 mark, a milestone analysts predict could be reached before the end of 2024, influenced by Trump’s presidential victory.

Ethereum (ETH) also saw a significant rise, reaching $3,293.14, up by 21.04%. The bullish trend in the cryptocurrency market is evident, with Bitcoin breaking records and entering uncharted territory.

Key news items highlight Bitcoin's trajectory towards $85K, with significant pullbacks ruled out before hitting $150K. Analysts suggest Bitcoin could reach $125K by New Year’s Eve based on Bayesian probability. Polymarket bettors indicate a 60% likelihood of Bitcoin crossing $100K this year.

MicroStrategy’s Bitcoin portfolio has surpassed $20B, with an ROI over 100%. The market euphoria is palpable, with Bitcoin’s price discovery phase suggesting even higher targets. As Bitcoin nears $85,000, the crypto market continues to experience a bullish momentum, attracting renewed interest from retail investors.