Will Bitcoin Hit $100,000? Exploring Market Trends and Factors

Recent price surges for Bitcoin have pushed its value past the $96,500 mark. This increase coincides with anticipation surrounding a crucial U.S. Federal Reserve meeting and positive developments in trade discussions between the US and China. As the cryptocurrency approaches the $100,000 milestone, market players are hopeful for further gains. Bitfinex’s analysis suggests that the $95,000 mark represents significant support, acting as a lower limit of the past quarterly market framework. Close observation will be needed to assess its stability.