Bitcoin’s price surged more than 5% on Thanksgiving Day, marking a significant milestone and sparking market optimism for the year-end holidays. Analysts attribute this rise to a confluence of factors including rising hopes for a Fed rate cut, an uptick in US stock markets, and increased institutional interest in Bitcoin ETFs. This strong performance comes amidst a period of renewed confidence from investors following the asset’s recent turbulent downturn. Experts point to key resistance levels as a crucial factor influencing the future trajectory of BTC price while noting the potential for a further rise towards $100,000 if it breaks through a critical barrier. The surge in Bitcoin has also impacted broader cryptocurrency markets, suggesting a shift in investor sentiment and renewed interest in crypto assets.