Analyst explains reasons for Bitcoin’s potential rise to $100,000 by February 2025

Crypto analyst Timothy Peterson predicts Bitcoin (BTC) could reach $100,000 within the next 90 days, regardless of the U.S. presidential election results. Peterson argues that BTC’s current price movement aligns with previous trends, dismissing the theory of diminishing marginal returns. Other analysts have varying year-end predictions, with options market traders expecting a breakthrough of the previous all-time high by November. Factors such as political outcomes and retail demand are fueling optimism for a potential year-end rally. BTC currently trades at $67,998, up 1.1% in the past 24 hours.

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