Bitcoin's recent trajectory has been quite dynamic. Following the approval of Bitcoin ETFs in early 2024, the price initially surged, reaching an all-time high of around $73,000 in March. However, since then, $BTC
has encountered some resistance and pulled back from this peak, partly due to economic factors like interest rate adjustments and inflation concerns.As of November 2024, Bitcoin has shown signs of recovery and is trading above $85,000, with analysts suggesting a potential rally that could push it close to $100,000 before year-end, largely fueled by anticipated political and regulatory support in the U.S. A recent analysis even predicts $BTC may reach $125,000 by the start of 2025 if these trends hold. Institutional interest remains strong, especially with major ETFs facilitating access for traditional investors, which is expected to support price growth in the long term.