Bitcoin continues its rally towards the $100,000 mark despite the expiry of $2.67 billion worth of options contracts on November 22. Although Bitcoin's price fell to $97,805 after reaching an all-time high of $99,523 shortly before the expiry, analysts believe this will not hinder its upward trajectory. Blake Player from VALR noted that the expiry shows a reduction in open interest and leverage, which could positively impact Bitcoin's rally. Additionally, positive inflows into spot Bitcoin Exchange-Traded Funds (ETFs), exceeding $1 billion, support this market growth. As of now, analysts anticipate Bitcoin could reach new all-time highs before the end of November, although some expect fluctuations along the way. Overall, Bitcoin's strong performance, especially in November, indicates potential for continued growth leading into 2025.

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