BTC broke 89K and will sprint 120K this year
2024-11-13

It's safe to say that with Trump's victory last week, the crypto market has entered a whole new phase. The price of bitcoin has soared as traders anticipate a looser regulatory environment ahead for the crypto industry.

After months in which each advance has been accompanied by a lot of selling pressure, the latest breakout stands apart.

Traders' confidence has clearly increased. The bull market did not retreat as Bitcoin hit its first all-time high (ATH) before Trump was declared the winner of the election.

Since then, fresh buying has absorbed each small pullback, creating a market environment of higher highs and higher lows.

Bitcoin once again broke through its previous all-time high, surpassing 89K USD, although it is now briefly down to 88K. But I believe that by the end of the year Bitcoin can reach 120K which is another all-time high (ATH)!