#BTCBreaks99K

The price of Bitcoin briefly surpassed $99,000, hitting an all-time high, driven by strong upward momentum and institutional interest. Key factors include expectations of a supportive U.S. administration for cryptocurrencies under elected President Donald Trump, increased inflows into Bitcoin exchange-traded funds, and accumulation by trading whales, as two wallets recently withdrew 261 Bitcoin ($25.9 million) from Binance. Trading volume surged to $45.58 billion over 24 hours, and Bitcoin's market capitalization reached $2.01 trillion. Technical indicators, such as the Average Directional Index (34.45), suggest a strong upward trend, but resistance at $102,000 could hinder further gains. Analysts warn of potential corrections due to high leverage, with some anticipating a drop to $90,000 or lower if support at $97,000 fails. Long-term forecasts remain optimistic, targeting a range of $125,000 to $150,000 by late 2025, although a 50% correction post-peak is possible.