Bitcoin Hits Record Highs, Approaches $94K
2024-11-20

The price of Bitcoin recently reached a new record high of $93,874 on the Bitstamp exchange.
The market cap of the leading cryptocurrency has now surged to as high as $1.85 trillion, according to recent data provided by CoinGecko. 
Bitcoin is now up by more than 33% during this November after adding 11% in October.
Jesse Colombo, a prominent trader, has noted that the largest cryptocurrency is currently in the process of breaking out of its triangle pattern on the four-hour chart. 
If the breakout holds, Bitcoin should "run" to the much-coveted $100,000 level, according to Colombo. 
Bitcoin is now breaking out of its triangle/pennant pattern on the 4-hour intraday chart.
Assuming this breakout holds, it should run to $100,000+ fairly quickly.$BTC $IBIT pic.twitter.com/kx5GzNDh3U
The most recent Bitcoin price uptick comes following the launch of spot ETF options in the US. 
As reported by U.Today, the launch of these options was described as a "paradigm shift" by cryptocurrency mogul Mike Novogratz.