Bitcoin Rockets to $85K: $100K Milestone in Sight

Bitcoin Price Surge and Predictions

Bitcoin has recently hit a new high of $85K, marking a significant milestone in its ongoing rally. With just 17% left to reach the $100K mark, analysts predict this could happen before the end of 2024, especially following Trump's presidential victory.

Bitcoin's price gains have been remarkable, breaking the $82.4K record and entering uncharted territory. Analysts have ruled out significant pullbacks before BTC hits $150K. Traders are optimistic, with some predicting Bitcoin will reach $125K by New Year's Eve based on Bayesian probability.

Polymarket bettors see a 60% likelihood of Bitcoin crossing $100K this year. The recent surge to $88K has also catapulted MicroStrategy to a 24-year record amid a supercharged crypto rally. Bitcoin's price discovery phase continues, with many wondering how much higher it will go.

Bitcoin's sudden pump to $81K recently annihilated $180M in shorts within half a day, sparking extreme greed in the crypto market. The bullish momentum shows no signs of slowing, with Bitcoin's price nearing $85K and liquidations in the crypto market topping $680 million.

As Bitcoin's rally strengthens, it continues to push the broader crypto market to new highs. Retail investors are showing renewed interest, driven by the ongoing bullish trend. With Bitcoin's price on track for $85K, the market remains optimistic about reaching new milestones.