Bitcoin's recent performance is indeed remarkable, having risen by 5% in the past 24 hours, reaching a new high of $97,000. This digital currency has surpassed previous predictions, showing new development momentum. As the price continues to climb, Bitcoin is getting closer to the $100,000 mark, a highly challenging target for Bitcoin that, if surpassed, may attract more attention and investment.
Currently, Bitcoin's price is stable at $97,000, a price level that has attracted global attention. As the Trump administration is about to take over the White House, the political attitude towards cryptocurrency in the U.S. is also changing, and Trump is forming a team that supports cryptocurrency. The elected president is considering establishing an official position in the White House to support cryptocurrency, indicating the Trump administration's emphasis on cryptocurrency and Bitcoin.
This kind of cryptocurrency-friendly policy change may be one of the reasons driving the rise in Bitcoin prices. At the same time, Trump also plans to remove Gary Gensler, the chairman of the U.S. Securities and Exchange Commission, as he has been accused of overstepping his authority. Trump has promised to make the U.S. a center for cryptocurrency and promote the development of this sector with government support.
Trump mentioned in a speech that the government should follow the basic rule of Bitcoin holders: never sell your Bitcoin. With this positive momentum, Bitcoin's price quickly approached $97,000.
According to CoinCodex's prediction, Bitcoin could reach a price of $102 on November 24 and easily break the $100,000 mark, as the market shows support for its strength and vitality. The platform also predicts that by mid-December 2024, Bitcoin's price could reach a new high of $111,000.
According to current Bitcoin price predictions, by December 20, 2024, Bitcoin's price is expected to rise by 18.43%, reaching $111,724. Technical indicators show that market sentiment is bullish, with a fear and greed index of 83, indicating that the market is in a state of extreme greed. In the past 30 days, Bitcoin has seen price increases on 17 days (accounting for 57%), with a price volatility of 12.01%. Based on these predictions, now may be a good time to buy Bitcoin.
