Michael Saylor, founder of MicroStrategy, believes Bitcoin will not retrace to $60,000 soon, asserting it will continue to rise. He anticipates a price surge beyond $100,000, possibly around New Year’s Eve, citing no immediate threats for the cryptocurrency market. Following the recent U.S. presidential election, Bitcoin's value has risen significantly, currently trading around $87,790. VanEck projects Bitcoin could reach $180,000 next year, considering it is in 'blue sky territory' without technical resistance. In regulatory news, the U.S. CFTC cleared the way for Bitcoin ETF options, which could positively impact the market. Meanwhile, a class-action lawsuit against Elon Musk regarding Dogecoin was withdrawn. Other developments include a prosecutor suggesting fewer crypto-related cases from the SDNY and significant price fluctuations in various cryptocurrencies during the week.

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