Analysts are eyeing a 20–30% Bitcoin correction before the world’s first cryptocurrency breaches the $100,000 mark.
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Bitcoin is inching up toward six-figure valuation as investor optimism remains high due to Donald Trump’s incoming presidency and optimistic signs for cryptocurrency regulation.
Despite millions of selling pressure, Ether is staging a breakout to above $3,700 due to an emerging bull flag, according to market analysts.
Bitcoin’s record monthly gains come eight days before the end of November — historically the most bullish month for Bitcoin returns.
The strategic Bitcoin reserve could set up Bitcoin’s price for an over $1 million valuation this market cycle, according to Adam Back
The record monthly stablecoin inflows could put Bitcoin’s price on track to top the record $100,000 mark.
Expectations of improving economic policies under the Trump administration may drive Bitcoin’s price above $100,000 before the end of the month.
The analyst’s predictions come shortly after Bitcoin staged the best weekly return since the 2023 US banking crisis.
The last time the Crypto Fear & Greed Index had a score of 80 was on April 9, just before Bitcoin saw an over 18% correction over the following three weeks.
In comparison, Bitcoin’s second-best daily gain occurred in August 2021, when the price rose over $7,576 in 24 hours, from $38,871 to $46,448.