Bitcoin price is highly volatile, making it a challenge to accurately predict its future direction. Currently, Bitcoin is trading at around $100,540, down 5.57% from its previous close. During the day, the price ranged between a low of $100,043 and a high of $106,471.

Bitcoin’s value is influenced by multiple factors, including regulatory developments, institutional adoption, and changes in investor sentiment. For example, in November 2024, the US government announced new regulations to regulate cryptocurrencies, which led to significant market volatility. Additionally, the same period saw an increase in Bitcoin adoption by major financial institutions, which also affected its price.

Given these changing factors, it is difficult to make an accurate prediction about whether Bitcoin price will rise in the near future. Investors are advised to conduct their own research, follow news and developments in the cryptocurrency market, and consider consulting a financial advisor before making any investment decisions.