Today, we’re analyzing the BTC/USD pair, the leading cryptocurrency worldwide. Although there are high expectations for growth, Bitcoin is currently maintaining a horizontal trend, with price variations within a wide range. Technical indicators like the SMA (simple moving average) suggest that Bitcoin’s price should have already reached certain peaks.
Some analysts predict significant upward movement, especially if political events, such as a Donald Trump victory in the U.S. presidential election, have an impact. In this scenario, Bitcoin could potentially surpass the $100,000 mark by the end of this year. If this doesn’t happen, such a milestone could be achieved by early 2025. We’ll continue to monitor how these events influence price movements and the overall market trend.