On the Dec 17th 2024 Bitcoin reached its highest recorded value of $108,364.
The subsequent question that arises is whether Bitcoin will reach $130,000 in the near future. Currently, the answer remains uncertain. Following President Trump’s victory in the 2024 election and his announcement of significant investments in the United States from Japan and other corporations, market dynamics are shifting.
At present, Bitcoin appears to be retracing and is holding steady around the $91,928 mark. Should it fall below this level, there is a potential for further declines to approximately $83,718 or $72,675. If the market trend turns bearish, we may see prices dip below $72,000. Conversely, if the bullish momentum persists, we could anticipate a rebound from the $70,000 to $80,000 range, with the potential for new highs.
