Bitcoin Market Dynamics: Recently, Bitcoin has seen a slight increase after experiencing a period of consolidation at historical highs, although it has not yet broken through the key $100,000 barrier. Data shows that Bitcoin reached an all-time high of $108,379 on December 17.
It is noteworthy that the support of U.S. President-elect Trump for cryptocurrencies seems to have injected new vitality into the cryptocurrency industry. Since the closing price of Bitcoin was $67,077 on November 5, the day before the presidential election, its price has been on the rise. So far this year, Bitcoin has increased by 124%.
Analysts are optimistic about the market outlook, expecting that any pullbacks in Bitcoin's price will be brief, with the next target price potentially reaching $150,000.📈