In November 2024, Bitcoin entered a bull run and reached an all-time high price of around $106,070 on December 17. However, the price corrected and dropped below $93,000. Over the past 24 hours, the price of Bitcoin has increased by 2.74% and is currently trading at around $99,450. The recent surge was driven by the release of the U.S. Labor Department's Consumer Price Index data, which showed better-than-expected results for inflation. An advanced AI algorithm predicts that Bitcoin could breach the $100,000 mark again within an hour and reach prices above $105,000 within a week. By the end of January, the algorithm forecasts that Bitcoin could reach a price of $107,050. Furthermore, it predicts that Bitcoin will reach a new all-time high of $110,928 by February 15. Notable analysts and traders have also predicted significant price increases for Bitcoin, with some expecting it to reach as high as $200,000 based on previous market cycles.



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