$BTC

Bitcoin is currently experiencing strong momentum, with prices recently crossing $90,000 and showing potential to reach $100,000 soon. This surge is driven by institutional interest, increased liquidity from stablecoins, and the post-halving cycle rally historically seen in Q4. Analysts have diverse long-term projections:#ThanksgivingBTCMoves $BTC

1. Short-Term Projections: Bitcoin is expected to test resistance at $100,000 in late 2024, driven by robust demand and positive market sentiment.

2. Mid-Term (2025): Forecasts range significantly, with optimistic estimates like Standard Chartered projecting $200,000 by 2025 and PlanB's Stock-to-Flow model suggesting the possibility of $500,000 to $1 million due to Bitcoin's scarcity and rising adoption.