An Introduction
A month-long rally has seen the largest and oldest cryptocurrency alternately approach — and then repeatedly shy away from — that most sought-after of round numbers, $100,000, but it did just that on Wednesday, December 4th on the news that incoming U.S. President Donald Trump had nominated pro-crypto Paul Atkins to head up the Securities and Exchange Commissions. The cryptocurrency rose by 6.1% to $103,801 at one point (go here for the current price) based on the expectation that Atkins will halt the tough government scrutiny that prevailed during the prior administration and, instead, pursue policies and regulators friendly to the digital-asset industry.
Where Is Bitcoin Going In 2025?
Bitcoin reaching $100,000 signals the next phase of the bull run which, according to a technical analysis from analyst Xanrox, (read Bitcoin To Reach $130M In January, Then Crash To $60M! Here’s Why) will reach the $130,000 mark in January 2025 based on a combination of Fibonacci extensions and Elliott impulse waves, two of the most popular analysis tools.
Conclusion
Bitcoin has continued to gain more and more acceptance in the mainstream financial system and the larger the cryptocurrency grows and the more mainstream it gets, the closer the it gets to becoming systemically important to the global financial system.
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