Bitcoin briefly surged to $99.8K before experiencing a sharp decline to $95,484, erasing Christmas rally profits. Traders remain optimistic, speculating that Bitcoin could reach $110K to $117K. However, historical data suggests that Bitcoin typically hits $110K when least expected. Despite the recent decline, the long-term market outlook for Bitcoin remains bullish. CEO of Pantera Capital, Dan Morehead, predicts Bitcoin could reach $117,000 by August 2025, based on historical price movements around halving events. Other experts, such as Matt Hougan and Perianne Boring, have made even more ambitious predictions for Bitcoin's future price. Despite the positive outlook, there is a possibility of a market crash if Trump's policies face political delays.



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