On today’s date, November 26, 2024, Bitcoin (BTC$) is trading around $92,451, having seen a slight decline of 5% in the past 24 hours. However, there is a positive outlook in the medium and long term, driven by factors such as increased inflows of Bitcoin ETFs and its 60% market dominance, which reinforces its position as a relatively safe option during periods of volatility.
Some analysts suggest that Bitcoin may cross the $100,000 barrier before the end of January 2025, based on the momentum it has shown after the US elections and the increase in institutional demand. In the short term, it may witness some volatility, but the overall trend remains positive thanks to bullish expectations and supportive technical analysis.
If you are considering investing, it is advisable to closely monitor the market and conduct your own analysis or consult experts in the field. #MarketDownturn