What's Next For BTC's Price After $100,000?

Following the events of the past week, it is more of a matter of “when” rather than of “if” the Bitcoin price will hit a historic six-figure value.

Bitcoin (BTC) price is now inching closer to a historic six-figure value. Following a relentless rally, BTC price surged past the $99,000 level on November 25.

As reported earlier this week, a six-figure value for Bitcoin would also mean a total of $1.89 billion in short liquidations. Data from CoinGlass shows that the next key liquidation wall is at $100,625.

With BTC price rallying by over 100% year-to-date, the premier cryptocurrency is up by over 40% in the past 30 days alone. A six-figure value for BTC would also mark a new all-time high for the flagship digital asset.

Bitcoin price last hit an all-time high in April 2024, when BTC price rallied to a peak of $92,645 at the time. Following the latest surge in momentum, BTC price has now rallied by over 250% from the 2024 bear market bottom.

Earlier this month, Bitcoin fiyatı dropped below the $80,000 level for the first time since January 2024. However, BTC price quickly recovered the lost ground, and began rallying toward the $100,000 price target.

Throughout 2024, multiple analysts and traders have shared their bullish price predictions for Bitcoin, with some expecting BTC price to rally as high as $200,000 by the end of the year.

However, other analysts have remained skeptical of the rally, and have warned that the rapid increase in price could be unsustainable. Some analysts have also predicted that BTC price will correct or consolidate after hitting the $100,000 price level.