The article discusses the current market signals and price action of Bitcoin, highlighting the possibility of it reaching $90,000 and even $100,000 by the end of the year. The surge in trading volumes on CME after the election is seen as a promising indicator for the continued uptrend. Analysts believe that while a breather may be due, Bitcoin's price is expected to continue heading higher. The article also mentions the impact of Bitcoin's rally on other parts of the crypto market, particularly the increase in long positions and a favorable environment for decentralized finance (DeFi). Overall, the article expresses a bullish sentiment towards Bitcoin and the wider crypto market.
- Content Editor ( blockworks.co )
- 2024-11-13
Bitcoin at $100k very possible before EOY, analysts say