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    Bitcoin dips below $96,000 amid profit-taking, but optimism remains for $100,000 milestone

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    Bitcoin’s value fluctuated below the $96,000 mark on November 24, as short-term traders cashed in their profits ahead of the expected $100,000 high for the cryptocurrency. Betting platform Kalshi estimates an 81% chance that Bitcoin will reach $100,000 by the end of this year and predicts it could escalate to $122,000 by the New Year. TYMIO founder Georgii Verbitskii anticipates a range of $100,000 to $120,000 by the end of 2024, with potential to hit $180,000 by 2025. Other altcoins could attract buyers as their values adjust. However, all investment decisions should be pre-empted by personal research due to inherent risks.

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    Bitcoin’s price dipped just below $96,000 on November 24, which some believe is a sign of short-term traders cashing in their profits as it gets closer to $100,000. Now, while newbies might be worried about this, seasoned folks see this as the perfect chance to buy more.

    There’s a strong belief that Bitcoin could break the $100,000 mark by 2024, with betting platform Kalshi suggesting an 81% chance of this happening by the end of this year. They even reckon it could reach around $122,000 by the New Year.

    Bitcoin enthusiast and founder of TYMIO, a kind of decentralized finance platform, Georgii Verbitskii told Cointelegraph he reckons Bitcoin could range between $100,000 to $120,000 by the end of 2024, or perhaps in early 2025. With more and more people getting in on the action, Verbitskii thinks Bitcoin could soar to $180,000 by the end of 2025.

    Let’s have a look at the Bitcoin and altcoins, which could attract potential buyers.

    At the moment, Bitcoin’s price is teetering around the significant $100,000 mark. However, so far, the keen investors haven’t been put off by any dips in the price. If buyers can push the price about $100,000, it’s likely to pick up speed heading towards $113,331 and then maybe $125,000.

    On the flipside, if Bitcoin’s price continues to drop towards $88,386 (which is the 20-day average), we could see the price fall below $85,000.

    Meanwhile, Binance Coin (BNB) broke the $667 resistance level on Nov. 23 and again on Nov. 24. But there’s also been some selling at higher prices. If the price continues to drop, it will attract buyers to try and reach $722. If successful, it might rally to $810.

    Avalanche (AVAX) has seen some selling at higher prices but could be aiming to reach $50. If the price falls below the resistance line, it may drop to around $34.34, calling in more buyers.

    NEAR Protocol (NEAR) had a brief moment above the $6.50 resistance on Nov. 24, but couldn’t maintain it. If the price continues to drop, it could land at the 20-day average of $5.48, motivating buyers to move it towards $8.58 and then to $9.01.

    OKB is changing trends by gradually increasing. After breaking the $48 barrier on Nov. 23, OKB might rally to $62, and even $68. If the price drops, the $48 level is expected to behave as a support.

    Despite these predictions, remember that all investments and trading moves come with some risk. Always do your own research before making any decisions.

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