Bitcoin is on a potential surge, with analysts predicting it could hit a local top of $110,000 by January's end. This forecast is tied to its correlation with the Global Macro Investor's Total Liquidity Index, which aggregates major central bank balance sheets. Raoul Pal, CEO of Global Macro Investor, suggests this peak might be temporary, with a possible dip below $70,000 by February 2025. However, an increase in money supply could drive Bitcoin to $132,000 in 2025. Analysts also speculate that Donald Trump's election victory might boost Bitcoin's rally, potentially reaching $1 million if strategic reserves are approved.