Bitcoin could reach $100K in t

2024-11-26

Bitcoin could reach $100K in the near term as the current bull run remains strong. Analysts predict it may even climb to $120K. The $100K level is significant, as many investors might take profits, causing a temporary pullback. However, increasing institutional investment, especially from companies like MicroStrategy, is driving demand and reducing supply, which supports higher prices.

As Bitcoin gains attention, fear of missing out (FOMO) could push prices higher. Additionally, potential crypto-friendly policies under a Trump administration may boost market confidence. Considering these factors, I expect Bitcoin to hit $100K soon and plan to gradually take profits near this level while staying prepared for further gains.

MSTR Drops After Earnings: Is It a Buy Below 300?

MicroStrategy officially rebrands as Strategy and releases its Q4 earnings report. Bitcoin surged but then pulled back to $96,000. Do you expect MSTR to rebound with Bitcoin, or will it drop below $300 as the Bitcoin bull market enters its final phase?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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