{"id":655278,"date":"2024-11-28T04:00:10","date_gmt":"2024-11-28T04:00:10","guid":{"rendered":"https:\/\/uniquehot.com\/?p=655278"},"modified":"2024-11-28T03:35:34","modified_gmt":"2024-11-28T03:35:34","slug":"experts-predict-bitcoin-journey-to-100000-after-thanksgiving-rally","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/bitcoin-news\/experts-predict-bitcoin-journey-to-100000-after-thanksgiving-rally\/","title":{"rendered":"Experts Predict Bitcoin Journey To $100,000 After Thanksgiving Rally"},"content":{"rendered":"

Despite a brief correction towards the $91,000 mark on Tuesday, which represented a 7% drop from its all-time high of $99,500, the market’s leading crypto, Bitcoin (BTC), has regained the strength it has posted over the past three weeks since Donald Trump’s election, on its way to the <\/span>$100,000 milestone<\/span><\/a>.<\/span><\/p>\n

Coinbase, Robinhood, And MicroStrategy All Post Gains<\/span><\/h2>\n

In the 24-hour time frame, Bitcoin recorded gains of nearly 5%, regaining the $96,100 level as a key to reach a new record high in the last days of the month.\u00a0<\/span><\/p>\n

This <\/span>bullish price action <\/span><\/a>was expected by experts and analysts throughout the year as a normal upward behavior during Halving cycles, further boosted by Trump’s crypto agenda, which notably include making BTC a strategic reserve for the US.<\/span><\/p>\n

Related Reading: XRP Consolidates Below Crucial Resistance \u2013 Analyst Sets $1.60 Target<\/a><\/div>\n

This week marked a notable divergence, as Bitcoin decoupled from the tech-heavy Nasdaq Composite, which fell by 1%. According to CNBC <\/span>data<\/span><\/a>, the Dow Jones Industrial Average and S&P 500 also experienced declines, yet Bitcoin managed to maintain its upward trajectory.\u00a0<\/span><\/p>\n

This strength was reflected in the performance of crypto-related stocks, with US-based <\/span>crypto exchange<\/span><\/a> Coinbase (COIN) up more than 5%, Robinhood (HOOD) up 4%, and MicroStrategy (MSTR) up 10%.<\/span><\/p>\n

Bitcoin Enters \u2018Uncharted Territory\u2019<\/span><\/h2>\n

In addition to the bullish outlook provided by the data and figures recorded over the past three weeks in crypto prices, market analysts are optimistic about Bitcoin’s future, with Alex Thorn, head of research at Galaxy Digital, claiming that “the Bitcoin bull market has legs.”\u00a0<\/span><\/p>\n

Thorn acknowledges the possibility of corrections and \u201cregulatory jitters\u201d stemming from the outgoing Biden administration but believes that increasing <\/span>adoption <\/span><\/a>from institutional, corporate, and potentially nation-state entities will drive Bitcoin’s price higher in the near to medium term.<\/span><\/p>\n

Related Reading: BNB Eyes Recovery: $605 Support Sets The Stage For A New Rally<\/a><\/div>\n

Katie Stockton of Fairlead Strategies also highlighted that Bitcoin investors are currently in “uncharted territory” regarding resistance levels, meaning there are few historical price points to indicate <\/span>potential pullbacks<\/span><\/a>. Support is identified around $74,000, suggesting a solid foundation for future growth. Stockton further claimed:<\/span><\/p>\n

Bitcoin does tend to stair step both to the downside and to the upside, meaning that it sees these very sharp runups and then consolidates. People should \u2026 be willing to give Bitcoin, and the cryptocurrencies in general, more room because of the volatility there and also because of the long-term potential.<\/span><\/p><\/blockquote>\n

With a year-to-date gain of 124%, Bitcoin remains on track to cross the $100,000 threshold before the end of the year. By comparison, Ethereum (ETH), the second largest cryptocurrency, has also performed well since the election but lags behind BTC with a year-to-date gain of 55%.<\/p>\n

\"Bitcoin\"
The daily chart shows BTC’s price trending upwards, reclaiming the $96,000 level. Source: BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image from DALL-E, chart from TradingView.com <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Despite a brief correction towards the $91,000 mark on Tuesday, which represented a 7% drop from its all-time high of $99,500, the market’s leading crypto, Bitcoin (BTC), has regained the strength it has posted over the past three weeks since Donald Trump’s election, on its way to the $100,000 milestone. Coinbase, Robinhood, And MicroStrategy All Post Gains In the 24-hour time frame, Bitcoin recorded gains of nearly 5%, regaining the $96,100 level as a key to reach a new record high in the last days of the month.\u00a0 This bullish price action was expected by experts and analysts throughout the year as a normal upward behavior during Halving cycles, further boosted by Trump’s crypto agenda, which notably include making BTC a strategic reserve for the US. Related Reading: XRP Consolidates Below Crucial Resistance \u2013 Analyst Sets $1.60 Target This week marked a notable divergence, as Bitcoin decoupled from the tech-heavy Nasdaq Composite, which fell by 1%. According to CNBC data, the Dow Jones Industrial Average and S&P 500 also experienced declines, yet Bitcoin managed to maintain its upward trajectory.\u00a0 This strength was reflected in the performance of crypto-related stocks, with US-based crypto exchange Coinbase (COIN) up more than 5%, Robinhood (HOOD) up 4%, and MicroStrategy (MSTR) up 10%. Bitcoin Enters \u2018Uncharted Territory\u2019 In addition to the bullish outlook provided by the data and figures recorded over the past three weeks in crypto prices, market analysts are optimistic about Bitcoin’s future, with Alex Thorn, head of research at Galaxy Digital, claiming that “the Bitcoin bull market has legs.”\u00a0 Thorn acknowledges the possibility of corrections and \u201cregulatory jitters\u201d stemming from the outgoing Biden administration but believes that increasing adoption from institutional, corporate, and potentially nation-state entities will drive Bitcoin’s price higher in the near to medium term. Related Reading: BNB Eyes Recovery: $605 Support Sets The Stage For A New Rally Katie Stockton of Fairlead Strategies also highlighted that Bitcoin investors are currently in “uncharted territory” regarding resistance levels, meaning there are few historical price points to indicate potential pullbacks. Support is identified around $74,000, suggesting a solid foundation for future growth. Stockton further claimed: Bitcoin does tend to stair step both to the downside and to the upside, meaning that it sees these very sharp runups and then consolidates. People should \u2026 be willing to give Bitcoin, and the cryptocurrencies in general, more room because of the volatility there and also because of the long-term potential. With a year-to-date gain of 124%, Bitcoin remains on track to cross the $100,000 threshold before the end of the year. By comparison, Ethereum (ETH), the second largest cryptocurrency, has also performed well since the election but lags behind BTC with a year-to-date gain of 55%. Featured image from DALL-E, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":651978,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,656,679,755,1119,1122,1144,78790,6664,26263,14690],"class_list":["post-655278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-technical-analysis","tag-btc","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\nExperts Predict Bitcoin Journey To $100,000 After Thanksgiving Rally<\/title>\n<meta name=\"description\" content=\"Despite a brief correction towards the $91,000 mark on Monday, Bitcoin has regained the strength it has posted over the past three 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With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/uniquehot.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Experts Predict Bitcoin Journey To $100,000 After Thanksgiving Rally","url":"http:\/\/uniquehot.com\/bitcoin-news\/experts-predict-bitcoin-journey-to-100000-after-thanksgiving-rally\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/bitcoin-news\/experts-predict-bitcoin-journey-to-100000-after-thanksgiving-rally\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Screenshot_579.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Screenshot_579.jpg?fit=1315%2C753"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","bitcoin technical analysis","btc","btc price","btcusd","btcusdt","crypto","crypto analyst","crypto news"],"dateCreated":"2024-11-28T04:00:10Z","datePublished":"2024-11-28T04:00:10Z","dateModified":"2024-11-28T04:00:10Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Experts Predict Bitcoin Journey To $100,000 After Thanksgiving Rally\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/bitcoin-news\\\/experts-predict-bitcoin-journey-to-100000-after-thanksgiving-rally\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/bitcoin-news\\\/experts-predict-bitcoin-journey-to-100000-after-thanksgiving-rally\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/Screenshot_579.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/Screenshot_579.jpg?fit=1315%2C753\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"bitcoin technical analysis\",\"btc\",\"btc price\",\"btcusd\",\"btcusdt\",\"crypto\",\"crypto analyst\",\"crypto news\"],\"dateCreated\":\"2024-11-28T04:00:10Z\",\"datePublished\":\"2024-11-28T04:00:10Z\",\"dateModified\":\"2024-11-28T04:00:10Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Screenshot_579.jpg?fit=1315%2C753","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/655278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=655278"}],"version-history":[{"count":2,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/655278\/revisions"}],"predecessor-version":[{"id":655280,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/655278\/revisions\/655280"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/651978"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=655278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=655278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=655278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}