Analysts are optimistic that Bitcoin could reach $100,000 by the end of the year, despite the market needing a breather after its recent rally. Currently, Bitcoin is near $90,000, having surged significantly after the recent election results. Trading volumes on the CME have soared, indicating strong market enthusiasm, while futures premiums have also risen dramatically. Analysts from K33 highlight that market tops typically do not align with elevated CME premiums, suggesting further price increases are possible. Historical analysis shows that Bitcoin has experienced significant volatility during major price milestones, as seen with its $10,000 breakthrough in 2017. Recent trading activity attributes much bullish sentiment to factors like favorable regulatory scenarios stemming from the election outcome, which could create a more encouraging environment for cryptocurrencies. With the current momentum driving both Bitcoin and altcoins, traders appear heavily long position, further boosting market prospects. The analysts assert that a continued upward trajectory is likely in the weeks to come, with Bitcoin's potential breakout above $100,000 being well within reach.

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