Bitcoin is currently in a price discovery phase, reaching record highs of $76,990 following Donald Trump's election victory. Analysts suggest Bitcoin could potentially reach $100,000 within three months, driven by high open interest in futures markets and increasing market dominance of stablecoins. Ryan Lee from Bitget Research predicts significant volatility that could propel Bitcoin's price upward. Meanwhile, Copper.co also anticipates Bitcoin could maintain its upward trajectory into the new year, citing historical trends in spot Bitcoin ETF accumulation. With Trump's presidency, there is optimism for clearer crypto regulations that may further benefit the cryptocurrency market. Some analysts believe Bitcoin could even approach $200,000, with technical analyst Gert van Lagen indicating a breakout from a key consolidation pattern that suggests a parabolic move toward this high target. Overall, industry participants are bullish about Bitcoin's prospects as anticipation builds ahead of the inauguration of the 47th US President on January 20.

Source 🔗