#WillBTCBreak100KSoon Can Bitcoin surpass the $100K mark in 2024?

Over the past week, Bitcoin has been breaking multiple All-Time Highs, following Trump’s victory in the US Presidential Elections. From the much-anticipated $75,000 mark on November 6th to the current $87,000 today. This rally, combined with the increasing investor participation indicates that we have entered a strong bull run increasing Bitcoin’s market cap to $1.7 trillion for the first time since its launch.

Bitcoin Spot ETFs saw a consistent increase since the elections with net inflows standing at nearly $2 billion in just a week. The growing acceptance of spot ETFs simplify the investment process for institutional players and traditional investors, who can now easily gain exposure to Bitcoin without directly holding the asset. This steady inflow into ETFs is one of the major driving factors for the price action in BTC’s price and over the next few weeks, more funds from institutions will move to ETFs contributing to the next leg of rally to $100,000.

Currently, BTC has strong support at $75,600. If BTC maintains the momentum, it could likely have another jump to $90K, making its way to the $100K mark by the end of the year.

While Bitcoin shows strong potential for further gains, it’s essential to maintain a clear investment strategy to reduce the risks involved in the asset class. Do your own research before investing in a token. Keep yourself updated on news and other updates. For eg; while several indicators suggest Bitcoin could reach the $100K mark by year-end, geopolitical uncertainties—such as potential escalations in the Middle East—could still shift market directions. Building a margin of safety into your investments is key to mitigating unexpected market reactions and preserving stability amidst volatility.#WillBTCBreak100KSoon $BTC