Bitcoin has reached a new ATH of $93,000, reflecting analysts' optimism on price surge following Donald Trump's reelection.
Bitcoin on the Path to $100,000
Analysts expect Bitcoin to reach $100,000 soon, given its current market strength.
Ryan Lee’s Forecast Analysis
Bitget Research chief analyst Ryan Lee predicts Bitcoin will hit $100,000 in November based on historical data.
CITE_W_A: “If history repeats itself and the Bitcoin price rises as predicted, a mere 14.7% increase from the current price level would propel BTC well above the $100,000 target before the end of November,” noted Ryan Lee.
Short-term Decline Prospects
Other analysts, like Bitfinex, share optimism but predict Bitcoin may reach $100,000 in months rather than November.
CITE_W_A: “It is difficult to predict the Bitcoin price at this stage, but we expect Bitcoin to fluctuate and consolidate a bit after the recent highs. However, given the current bullish momentum and potential correction, we see limited downside,” according to Bitfinex analysts.
Bitcoin continues its confident growth, and various analysts are convinced $100,000 is within reach.
