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Bitcoin Price Prediction: From Bear Market to New All-Time High

The crypto industry has witnessed unprecedented growth, with Bitcoin reaching a new all-time high of $93,495 on Wednesday, according to Coinbase data. Contributing to Bitcoin's surge are multiple factors, including Trump's presidential victory and BlackRock's institutional involvement. The spot Bitcoin ETFs have seen record inflows, demonstrating growing interest from both retail investors and institutional investors.

Bitcoin has had an impressive run in 2024, gaining nearly 30% in recent weeks and surpassing $93,000. Analysts from various crypto and financial research firms have shared predictions on Bitcoin’s price for year-end and beyond, fueled by the recent rally and favorable economic conditions.

The bitcoin to usd chart showing current BTC price

Bitcoin reached a new ATH on Wednesday. Source: Tradingview.com

Ryan Lee of Bitget Research believes the cryptocurrency’s November momentum could propel it past $100,000, citing historical patterns and post-halving cycle trends.

“If history repeats itself, Bitcoin’s projected growth could take it well above $100,000 by month-end,” Lee remarked.