The skyrocketing prices of Bitcoin have sparked speculations among investors, some argue it will reach above $100k and others say it will reach $1Million. The unprecedented spikes in BTC trading prices in the past several sessions are solely fueled by Trump’s victory.
In an X post, Robert Kiyosaki the author of one of the most-read books ‘Rich Day Poor Day,’ wrote that he will continue to buy Bitcoin till it reaches $100,000, further noting “Then I will stop, not a time to be greedy.” “Always remember….hogs get fat…pigs get slaughtered; Don’t be a pig.”
Source: X
Robert is well known for his investment and statement about Bitcoin and other evolving technology. In a recent media appearance in a financial media outlet, he argues that he has a bullish sentiment over BTC.
After Bitcoin prices surpassed its all-time high of $82k, the market was flooded with claims and arguments that Bitcoin could mark $100k, $200k, or $ 1 million. Peter Brandt, a known trader claimed that in a trading chart shared by him over his X claims the spike to $200k.
His analysis highlights a head-and-shoulders pattern that has been forming on Bitcoin’s chart since 2020.
Will Bitcoin Cross $100,000 in the Next 5 Sessions?
Since the historical victory of Donald Trump in the recent election Bitcoin prices have mirrored a growth that it never saw before.
When writing BTC was trading at $88,071 with an intraday surge of 7.73 percent, at the same time its trading volume had seen a tremendous growth of 88 percent reaching $146.71 billion.
Source: CoinMarketCap
The market capitalization has reached $1.74 trillion growing 7.74 percent in the past 24 hours and similarly, market dominance has seen a staggering growth of 10% in the past few sessions.
After analyzing the pace of growth it is clear that BTC is soon going to reach new heights and probably its market capitalization will surpass the GDP of some developing and underdeveloped nations.
Since its mainstream debut until writing its highest trading price is $88,958 which was recorded on November 12, 2024.
If the bulls continue the same momentum in the upcoming session, then BTC is likely to record a new all-time high above $95k followed by the next resistance of $100k.
The increased accumulation is also triggering the market sentiments so a deep analysis is needed before proceeding, bears are expected to remain in a weaker position as the market is expecting some new regulations and a new SEC boss from their pro-crypto president Donald Trump.
The growth of Bitcoin has fuelled the growth in trading prices memecoins, Altcoins on November 12, Todayq reported that Dogecoin oldest memecoin of the market saw a staggering growth of 42 percent in 24 24-hour time frame, the spike wasn’t normal as such a big spike in the trading price is seen rarely in the memecoin category.
With the increased price of several cryptocurrencies, the volatility in the vast market has increased and despite upper bullishness, the market is troubling some penny cryptos.
In the past 24 hours, Raydium lost 17.23 percent of its price reaching $4.67, and Kaspa (KAS) reached $0.1394 after falling 9.69 percent. The list includes Helium, Sui, Lido, Popcat, Bittensor and Jupiter.
