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Bitcoin’s rally above $100,000 has improved sentiment, triggering a strong recovery in several altcoins.

Bitcoin (BTC) found support near $94,000 on Dec. 10, and the bulls made a solid recovery on Dec. 11. The price soared back above the psychologically crucial level of $100,000 after November’s inflation report met economists’ projections. According to the FedWatch Tool, the probability of a 25-basis point rate cut in the next meeting has risen to more than 96%. That could prove to be bullish for risky assets.

Bitwise investment chief Matt Hougan and research head Ryan Rasmussen said in a report that Bitcoin could cross $200,000 by the end of 2025. Along with Bitcoin, the duo is also bullish on Ether (ETH) and Solana (SOL), expecting them to rise to $7,000 and $750, respectively.

Crypto market data daily view. Source: Coin360

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Bitcoin price trades above $100,000 again, proving that every minor dip is being purchased.

Bitcoin (BTC) created a historic milestone on Dec. 5, as it reached the psychologically critical level of $100,000. The bears pulled the price back toward $90,000, but the bulls purchased the dip and have succeeded in driving the price above $100,000 on Dec. 6.

Has Bitcoin topped out in the short term, or is every dip still a buying opportunity? This is one of the burning questions in traders’ minds.

ARK Invest founder and CEO Cathie Wood said in a post on X that Bitcoin “is still in early innings” even after breaking out of $100,000. She added that her firm believes “Bitcoin is a much bigger idea than gold.” 

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Bitcoin’s strong recovery shows aggressive buying on every minor dip, but the bulls may struggle to overcome the $100,000 resistance.

Bitcoin’s (BTC) pullback found support at $90,791 on Nov. 26, and the bulls pushed the price back above $96,000 on Nov. 27. BTC Markets head of finance and crypto analyst Charlie Sherry told Cointelegraph that the dip to $92,600 “could be the ‘last flush’ before Bitcoin finally crosses $100K.” 

However, some analysts are not confident that Bitcoin will break above $100,000 in a hurry. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin could “correct as much as 30% before it reaches its cyclical top.”

Crypto market data daily view. Source: Coin360

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Bitcoin continues its march toward $100,000, and several altcoins could be poised to hit new all-time highs.

Bitcoin (BTC) bulls have kept up the pressure, and the price is trying to climb above $95,000. Options contracts on BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust ETF (IBIT), launched on Nov. 19, were an instant hit. 

Bloomberg ETF analyst James Seyffart said in a post on X that IBIT options recorded roughly $1.9 billion in notional exposure, and that could be the reason for Bitcoin’s new all-time high on Nov. 19.

Bitcoin’s price is nearing $100,000, but MicroStrategy, the largest corporate holder of Bitcoin, is not showing any signs of slowing down its purchases. The business intelligence firm revealed plans to raise $2.6 billion from senior convertible notes to buy more Bitcoin and for general corporate purposes.

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Crypto markets cheered Donald Trump’s win by pushing Bitcoin to a new all-time high above $75,000, signaling the start of the next leg of the uptrend.

Bitcoin (BTC) hit a new all-time high of $75,407 on Nov. 6, eclipsing the previous high of $73,777 made on March 14. The rally was triggered after Donald Trump edged closer to winning the United States presidential election. 

A Trump win is positive because the crypto industry hopes the incoming President will keep the promises made to the crypto community throughout the campaign trail. 10x Research head of research Markus Thielen told Cointelegraph that Bitcoin could skyrocket to $100,000 by Q1 2025.

Crypto market data daily view. Source: Coin360

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Bulls aim to knock out Bitcoin’s all-time high before the US elections wrap up. Will altcoins follow?

Bitcoin (BTC) is facing resistance near $69,000, but the bulls have kept up the pressure. As the price nears the top of the range, the bears are likely to pose a strong challenge. However, analysts expect the range-bound action to end following the result of the upcoming United States elections.

Standard Chartered Bank analyst Geoff Kendrick said in a research note that Bitcoin could surge to $125,000 by the end of the year if the Republicans sweep the US Congress after the Nov. 5 elections. 

Another bullish projection came from Bitwise’s head of alpha strategies, Jeff Park, who said in a post on X that Bitcoin could reach $92,000 if Donald Trump wins the US Presidential elections.

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