DIGIVESTASI - Bitcoin Price Reaches Record High, Predicted to Break US$100,000 Before End of 2024, The crypto community is currently monitoring the price movement of Bitcoin (BTC), which continues to hit new record highs. The world’s largest cryptocurrency recently surpassed the all-time high of over US$89,000, and some analysts predict that Bitcoin could break through US$100,000 before the end of 2024.

On Tuesday morning (12/11), Bitcoin's price saw a significant rise from US$84,000 to a peak of US$89,600, marking a roughly 9% increase in the past 24 hours. Although it has since slightly corrected, Bitcoin remains stable around US$88,700.

Since Donald Trump's victory in the U.S. presidential election on November 5, Bitcoin’s price has experienced substantial growth. The market's positive sentiment toward Trump's more open stance on digital asset technology has fueled hopes for more supportive regulations for the crypto industry in the future.

The enthusiasm among traders following the U.S. election has driven Bitcoin's price up by 30% in the past week. On a monthly basis, Bitcoin’s value has surged by more than 40%.

Bitcoin Price Projected to Reach US$125,000

Several analysts previously forecast that Bitcoin could reach a price range between US$100,000 and US$125,000 by year’s end. Trump's victory and the Republican Party's dominance in Congress are seen as factors that could support Bitcoin’s price strengthening.

Panji Yudha, a financial expert from Ajaib Kripto, noted that political support in the U.S., growing interest from institutional investors, and interest rate cuts could push Bitcoin’s price to between US$90,000 and US$100,000 before the year concludes.

On the other hand, Geoffrey Kendrick, an analyst from Standard Chartered Bank, is optimistic that Bitcoin could reach a new high of US$125,000. According to Kendrick, Trump's victory, which favors the growth of the crypto industry, provides a strong positive sentiment boost for the market. Kendrick had also accurately predicted that Bitcoin would hit US$73,000 on election day, continuing to rise after Trump was announced as the winner.

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