📈 Bitcoin bulls target $100,000 as BTC surges past $62,000 🚀
Bitcoin's recent rally above $62,000 has rekindled bullish sentiment in the market, with analysts rethinking the ambitious target of $100,000 by the end of the year. The broader market recovery, driven by strong gains in US stocks, especially the S&P 500 and Nasdaq 100, played a key role in reversing earlier losses and boosting the price of Bitcoin. This 7.2% rally in just 24 hours also led to the liquidation of $100 million worth of short positions, adding further upward momentum.
Market experts believe that Bitcoin will follow its traditional four-year cycle, with significant gains expected in October and November. Historical patterns, combined with positive market sentiment, suggest that Bitcoin is well positioned to reach new highs as the year progresses.
The anticipation of a strong market, especially if Trump secures a win, could push Bitcoin past the $100,000 mark. With October and November typically being strong months for Bitcoin, bulls are preparing for what could be a historic end to the year.
