Analysts predict that Bitcoin could reach its much-anticipated $100,000 all-time high in November, driven by historical trends and increased investor demand following recent elections. Following a significant rally, Bitcoin surpassed the $90,000 mark on November 13, marking its highest recorded level since the US banking crisis. Ryan Lee, chief analyst at Bitget Research, stated that a potential 14.7% increase from current levels could push Bitcoin well above the $100,000 target for the month. Additionally, November is historically one of the best months for Bitcoin's returns, averaging over 44%. Other analysts, like those from Bitfinex, expressed optimism about Bitcoin's trajectory leading into 2025, mentioning that Donald Trump's victory could further cryptocurrency adoption. However, concerns about high leverage ratios in the market could pose risks before Bitcoin can surpass $100,000. As of now, the estimated leverage ratio across exchanges is reaching levels last seen in October 2023, prompting warnings from experts about managing trading risks.

Source 🔗