The possibility of Bitcoin (BTC) reaching six figures by the end of the year remains uncertain. According to Pav Hundal, chief crypto analyst at Swyftx, a return to the current all-time high is still possible.

Hundal stated that Bitcoin could reach $80,000 by December. He also emphasized that options traders predict that the price of Bitcoin could increase by 75% in the next three months. Options traders are targeting a price between $90,000 and $110,000 on Christmas Eve.

The Bitcoin price is currently at $63,282, down 3.08% in the last 24 hours. Hundal believes that the breakdown in the market structure will lead to new highs. The positive attitude towards crypto in the US presidential elections is also notable.

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