Bitcoin (BTC) is soaring high on the radar, spiking 5% in the last 24 hours to claim a new price mark of $97K. The token has breached predicted thresholds to claim a new trajectory. As the token conquers new price levels, BTC is now much closer to hitting $100K, a truly ambitious price spot that may usher in a great influx and popularity for the token. Will BTC be able to move past $100K as soon as this weekend?
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Bitcoin Is On The Move: Can It Hit $100K This Weekend?
Bitcoin is enjoying global attention, as it currently sits at $97K, inviting a huge pool of influx and attention along the way. With the Trump regime taking over the White House, the US political domain is buzzing with new crypto trends as Trump is busy working on launching a workforce that is pro-crypto. The president-elect is already contemplating curating an official pro-crypto role with the backing of the White House, a first-of-a-kind role, actively expressing how serious the Trump regime is about cryptocurrency and Bitcoin.
Such lucrative changes supporting the future of cryptocurrency is what is driving the price of Bitcoin up a notch. Similarly, measures like Trump’s vowing to eliminate US SEC chair Gary Gensler are also displaying signs of optimism, as Gensler has been accused of unlawful overreach. Apart from that, Trump vowed to make the US a crypto hub, allowing the domain to function with full government support.
“For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin,” Trump said during his keynote speech.
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The Token Price For The Weekend? Surge to $100K Possible?
Bitcoin has moved towards $97K at such a rapid pace. Considering the positive momentum surrounding the token, we cannot ignore its potential to surge rapidly.
Per CoinCodex, BTC may sit at the $102 price mark by November 24, easily breaking past $100K, given that the market supports its strength and vigor.
The platform predicts the token to hit a new price level of $111K by mid-December 2024.
“According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 18.43% and reach $111,724 by December 20, 2024. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 83 (extreme greed). Bitcoin recorded 17/30 (57%) green days with 12.01% price volatility over the last 30 days. Based on the Bitcoin forecast, it’s now a good time to buy Bitcoin.”
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