BITPRISMIA
Bitcoin CME futures pushed above the $100,000 market, but BTC’s spot price struggles to mirror the move.
Bitcoin price rallied over 58% since May, when the M2 money supply turned positive year-over-year for the first time since November 2023.
The Bitcoin price started falling 30 minutes before the options expiry, but market watchers don’t expect significant downside.
MicroStrategy upsizes its note sale to $2.6 billion to fund Bitcoin purchases, boosting confidence in BTC’s price reaching the $100,000 milestone.
Expectations of improving economic policies under the Trump administration may drive Bitcoin’s price above $100,000 before the end of the month.
The analyst’s predictions come shortly after Bitcoin staged the best weekly return since the 2023 US banking crisis.
Markets are bracing for post-election volatility, which may take Bitcoin as high as $100,000 before 2025.
The latest market analysis suggests that if Bitcoin’s MVRV ratio continues to increase, BTC price could be in the six-figure range by 2025.
If Bitcoin produces a clear move above $72,000, its price could be in the six-figure range by 2025, the latest market analysts suggests.
Analysts say Bitcoin’s prolonged downtrend reset its key price metrics, setting BTC up for a stellar Q4 performance.