The post How High Will Bitcoin Soar After Smashing $100,000 Wall ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.

Advertisement &nbsp &nbsp Bitcoin’s (BTC) price tapped a new all-time high above $104K after recent upward-triggering macro factors from the United States. For weeks, the crypto leader has circled the $90K zone, leaping as high as 99K before a series of corrections amid volatility. A jump above the $100K level was just a matter of time for most bulls as institutions kept ramping up assets. The break past $100K psychological resistance level has set the token for a new market drive, as projected by several large holders and analysts. Notably, all holders are tipping a higher sky surge for the asset. BTC price trades at $100,260, a massive 7% growth in the last 24 hours, extending weekly and monthly numbers. Bitcoin Enthusiasts Pitch Higher Price Across crypto spaces, Bitcoin holders opine that $100K is a building point over the next few months. Several traders have pointed to positive regulations for a higher upswing above $150k in 2025. Crypto user Danheld explained that $100K Bitcoin is more than a price as it shows the world moving towards financial freedom. “$100,000 a Bitcoin doesn’t just represent a price. It represents that the world is gradually acknowledging  Bitcoin as the reserve currency of the future. It represents a rejection of the existing financial system. It represents financial freedom.” According to Bernstein, the asset’s price will hit $200k by 2025, ushering in a new institutional era for the crypto leader. The last 11 months have seen surging flows to Bitcoin from traditional firms following the approval of spot ETFs, which created a new investment window. Meanwhile, Standard Chartered has maintained a projection for $200K. While most firms pitch around this margin, bears say a correction could still be on the cards.  Advertisement &nbsp US Macro Factors Spark BTC Price The outcome of the United…

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Filed under: News - @ December 7, 2024 10:26 pm