Bitcoin (BTC) price is up 55% in 2024, with a 12.50% gain in October. This rally was supported by a risk-taking trend as Wall Street earnings beat expectations. Investors are pricing in Federal Reserve rate cuts in November and the possibility of pro-crypto Donald Trump winning the 2024 presidential election.

Fundamental and technical indicators suggest that Bitcoin could enter a bull market in 2024 and beyond. Analyst Coosh Alemzadeh predicts that Bitcoin could surpass $100,000 by 2025. Whale data and the decline in stablecoin dominance also support this view.

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