cryptojournalist
This year, Bitcoin has soared 129%, thanks to the U.S. election and the April halving. CryptoQuant says there’s now less than 2.5 million Bitcoin left on exchanges, making supply tight.
A Stellar November
November was a standout month, with Bitcoin climbing 37%. ICO Analytics data shows only a few Novembers in history—like 2013, 2017, and 2020—were better. Bitcoin’s price pattern is sticking to its usual post-halving trend, where gains pick up about six months after the event.
The Fight for $100K
Bitcoin came close to $100,000 in late November, but couldn’t quite break through, settling around $96,000-$98,000. Futures on the CME hit $100,200 twice, raising hopes that the spot price will follow.
At the same time, Bitcoin’s market dominance dropped to 56.1%, with more investors turning to altcoins, hinting at a possible altcoin season.
Big Predictions for Bitcoin
Experts have big expectations. Raoul Pal predicts Bitcoin could hit $110,000 by early 2025 and peak later that year. Samson Mow talks about the “Omega Candle,” a massive price spike that could send Bitcoin to $1 million or beyond, fueled by surging demand from institutions, governments, and individuals.
