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Bitcoin’s (BTC) price tapped a new all-time high above $104K after recent upward-triggering macro factors from the United States. For weeks, the crypto leader has circled the $90K zone, leaping as high as 99K before a series of corrections amid volatility. A jump above the $100K level was just a matter of time for most bulls as institutions kept ramping up assets.
The break past $100K psychological resistance level has set the token for a new market drive, as projected by several large holders and analysts. Notably, all holders are tipping a higher sky surge for the asset. BTC price trades at $100,260, a massive 7% growth in the last 24 hours, extending weekly and monthly numbers.
Bitcoin Enthusiasts Pitch Higher Price
Across crypto spaces, Bitcoin holders opine that $100K is a building point over the next few months. Several traders have pointed to positive regulations for a higher upswing above $150k in 2025. Crypto user Danheld explained that $100K Bitcoin is more than a price as it shows the world moving towards financial freedom.
“$100,000 a Bitcoin doesn’t just represent a price. It represents that the world is gradually acknowledging Bitcoin as the reserve currency of the future. It represents a rejection of the existing financial system. It represents financial freedom.”
According to Bernstein, the asset’s price will hit $200k by 2025, ushering in a new institutional era for the crypto leader. The last 11 months have seen surging flows to Bitcoin from traditional firms following the approval of spot ETFs, which created a new investment window. Meanwhile, Standard Chartered has maintained a projection for $200K. While most firms pitch around this margin, bears say a correction could still be on the cards.
US Macro Factors Spark BTC Price
The outcome of the United States election set Bitcoin on an upward trajectory, with its price soaring. President-elect Donald Trump set out plans for the crypto space after years of regulatory uncertainty. Joe Biden’s tenure was riddled with several lawsuits against crypto firms and executive,s reducing market sentiments.
Trump’s win has spiked investment in the space as the country gears up for a crypto-friendly administration. Trump announced pro-industry Paul Atkins as SEC Chair, highlighting his crypto stance. Trump has made a series of crypto-friendly appointments, including Scott Bessent for Secretary of the Treasury and Howard Lutnik for the Commerce Department, among others.
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