Bitcoin reached a new all-time high price of $106,498, experiencing a 6% increase in value. This surge is linked to the anticipation of a Christmas rally and recent positive market influences.
Contributing factors include MicroStrategy's inclusion in the Nasdaq 100 index, which added bullish sentiment among investors, along with strategic moves regarding a Bitcoin Reserve led by Donald Trump.
Well-known trader and analyst Peter Brandt has predicted that Bitcoin's price could potentially rise beyond $120K, indicating continued optimism in the market.
