Bitcoin will hit $100k before Thanksgiving.

Bitcoin, the world’s biggest cryptocurrency, is on the rise. Donald Trump’s win impacted the crypto market, resulting in major gains. BTC’s rally drove several assets to new highs. Bitcoin reached new heights. It is still unclear if BTC has the ability to continue its hot streak, and to reach that coveted $100,000 level.

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Bitcoin’s All-Time High

Bitcoin is set to have a great year in 2024. In this past year, Bitcoin reached several peaks. The asset reached its peak of $93,434.36 about six days prior. BTC has fallen 1.67% after a minor correction.

Bitcoin’s price at the time of publication was $91,889.98. In the past 24 hours, the price of the king-coin has fluctuated a lot. It briefly dropped below $90,000. Daily volume of the asset reached a new high of $73.73billion after a rise of 53%.

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What is a Bullish Thanksgiving Day?

Bitcoin’s price has risen over Thanksgiving in past years, according to data. Bulls also appear to be ready to feast again this year. CoinCodex predicts that Bitcoin is indeed going to reach its much anticipated $100,000 milestone. On November 28, Bitcoin’s price will rise by 9.72% compared to its current value. Bitcoin is expected to reach $100,707 as its peak.

BTC, as shown in the image above will also reach this peak before Thanksgiving. It is estimated that the asset will surge up to as much as $101,809 a day before.

Gary Gensler is expected to resign around Thanksgiving, and this rally should be driven by that. The rally is expected to be fueled by Gary Gensler’s possible resignation around Thanksgiving. reports Gensler’s resignation as chairman of Securities and Exchange Commission is likely to take place by the middle of this month.

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