Bitcoin Hits New High, Eyes $100k

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This topic has 4 replies, 1 voice, and was last updated 18 hours ago by Major Trader 35.

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November 20, 2024 at 11:27 #194785 Reply
Christian Harris
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Bitcoin climbed by over 2% yesterday, reaching an unprecedented $94,105, as market participants weighed the escalating tensions between Ukraine and Russia.

The digital currency is gaining recognition as a potential hedge against geopolitical uncertainties, even as debates persist over its volatility and long-term viability as a store of value.

Will it hit $100k by the end of this year? What do you think?

Data: eToro, FactSet, Morningstar, S&P Capital IQ, ProRealTime, MarketScreener
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- November 20, 2024 at 11:56 #194787 Reply
  BTC Ben
  Yes!
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- November 20, 2024 at 11:56 #194788 Reply
  ToTheMoon834
  Personally I believe a correction is looming so I’m not convinced it will hit the 100k mark.
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- November 20, 2024 at 11:56 #194789 Reply
  Crypto Killer
  Oh it’s gonna happen. We have the momentum and the geopolitical climate and new Trump presidency will only add to the uncertainty over the next couple of months.
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- November 20, 2024 at 11:56 #194791 Reply
  Major Trader 35
  So I reckon it will get there but I don’t know if it’s going to happen by EOY or 2025.
  
  There is a sizeable options expiry of $11.8 billion on 27th of December and most are call options. If bitcoin hits the 100k point before they expire many could be exercised and we could see large volumes of Bitcoin being sold.
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