Bitcoin has recently achieved a new all-time high, reaching $94,002.87 on November 20th. This significant price surge has caught the attention of the crypto community, as Bitcoin enthusiasts speculate whether it could ascend to $100,000 by the weekend.
The increased price action, as shown by technical indicators, suggests that there might be room for further growth. One of the contributing factors is the notable net inflow of over $800 million into the Bitcoin ETF, which has played a role in this price escalation.
The current intraday jump of approximately 1% is part of the upward momentum that has propelled Bitcoin to this new ATH. Analysts and traders are now closely monitoring the market for any signs that the psychological milestone of $100,000 might soon be breached.
