Bitcoin’s march toward the highly anticipated $100,000 mark continues to captivate the cryptocurrency world. 🌍💸

After an impressive 45% surge, climbing to $99,600 following Donald Trump’s victory in the U.S. presidential election on November 5, the largest cryptocurrency is inching closer to breaking into six figures—but it’s not there just yet. 🚀✨

For many, it’s no longer a question of “if” but *“when.”* Analysts and investors remain confident that Bitcoin will hit $100,000 before the end of 2024, though the journey to that milestone is expected to be turbulent. 🌟📈

On decentralized prediction platform Polymarket, $4.5 million has been wagered on Bitcoin reaching $100,000 by year’s end, with odds currently sitting at 82%. 📊💰 Similarly, on Deribit, a crypto derivatives exchange, nearly $900,000 worth of call options predict Bitcoin will reach that coveted level by December 27, 2024. 🛠️📉 Standard Chartered adds to the optimism, forecasting Bitcoin will soar to $125,000 by the end of 2024. 🌠📖

But the road to $100,000 isn’t smooth. Volatility remains a key player, and experts predict continued price swings as the year winds down. ⚡🔄

“We foresee the bull run persisting, but with volatility,” said Ed Hindi, CIO of Tyr Capital. “A range of $75,000 to $120,000 wouldn’t be surprising.” 📊📉

Another hurdle is profit-taking among investors. While the recent rally has fueled excitement, some traders may lock in their gains, creating temporary resistance. ⛔📈

“The rally could take a pause as sentiment stays strong but positioning appears stretched,” said Andre Dragosch, Head of Research at Bitwise Europe. 🤔💡

If Bitcoin doesn’t break $100,000 this year, many are looking to early 2025. Bitcoin futures expiring in March 2025 on the Chicago Mercantile Exchange (CME) are priced at $103,065, signaling expectations for a first-quarter breakthrough. 📅📈 #BTC☀ #Bitcoin❗ #BTC500K #bitcoin☀️ #Cryptocurrencies