$BTC

Bitcoin has surpassed the $100,000 mark for the first time in history, reaching a record level of $103,332.30 on December 4, 2024.

Factors Influencing the Current Surge:

Political Developments in the United States:

Statements from U.S. President-elect Donald Trump, who expressed support for cryptocurrencies, along with his potential appointment of Paul Atkins, a crypto-friendly advocate, as the head of the financial market regulatory authority.

Increased Institutional Demand:

Growing interest from institutional investors in Bitcoin as an asset has driven demand for the cryptocurrency.

Future Expectations:

Opinions on Bitcoin's future price vary:

Some analyses suggest the upward trend will continue, with potential to reach $105,000 in the near future.

On the other hand, some forecasts indicate the possibility of price declines during December 2024.

Technical Analysis:

Technical analysis suggests that holding above the $100,000 level supports a bullish trend, with potential to test higher levels like $105,000. However, any negative signals that could impact the overall trend should be closely monitored.

Conclusion:

Bitcoin appears to be on an upward trajectory, supported by political and economic factors, with expectations of further potential increases. However, investors should remain cautious and keep an eye on any changes that might affect the market.