Bitcoin has surpassed the $100,000 mark and traders are piling into $120,000 call options, suggesting a rally may push it to new heights. Speculation is swirling that the incoming Trump administration may bring a more crypto-friendly era, with the resignation of SEC Chair Gary Gensler possibly leading to a policy shift. Republican lawmakers also plan to prioritize a comprehensive regulatory framework for crypto. Key macroeconomic indicators such as employment data, inflation expectations, and the Federal Reserve's stance will play a critical role in shaping Bitcoin's performance. The Trump administration's policies are seen as pro-crypto, but it is important to recognize that policy shifts take time. The market sentiment is still in the buy zone, and long-term indicators suggest Bitcoin could reach $250,000 or higher. In the short term, Bitcoin could reach $120,000 by Trump's inauguration on Jan. 20. However, unexpected macroeconomic shocks could lead to sharp corrections. Investors should stay informed and diversify their portfolios.



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