Will the Rally Continue in Bitcoin, or Is $100,000 the Peak? Top Two Analysts Revealed Their Expectations!

Bitcoin (BTC), for the first time in approximately 15 years since its launch, exceeded the historic level of $100,000 in the morning hours.

BTC, while experiencing an increase of over 6% in the last 24 hours, also reached a market value of 2 trillion dollars for the first time.

At this point, while the continuation of the rise is wondered, two analysts evaluated the current rise and future price movements.

Min Jung, an investment analyst at Presto Research, speaking to Coindesk, stated that the comments of FED Chairman Jerome Powell and the appointment of Paul Atkins as the new SEC chairman pushed Bitcoin above 100,000 dollars.

"With Powell's positive comments on Bitcoin being digital gold and the appointment of Paul Atkins as SEC chairman, BTC finally reached 100k.

We expect the rally to continue as the surpassing of 100,000 dollars by BTC has been anticipated for a long time.

Furthermore, BTC continues to remain small compared to other macro assets. At this point, the continued growth of Bitcoin's market value will attract more attention from larger institutions and more investment.

BTSE COO Jeff Mei evaluated the rise of Bitcoin and revealed his expectations.

Jeff Mei said, "Bitcoin surpassing the $100,000 limit is not just a milestone; it represents a significant moment for the cryptocurrency sector. Trust is being encouraged by an increasingly favorable regulatory environment in the US, particularly with Paul Atkins' appointment as SEC chairman. This is likely to stimulate more institutional investment in the sector, enhance the credibility of Bitcoin, and lead to a new wave of adoption."

Some think that $100,000 is the peak for Bitcoin, but it still has a lot of momentum to reach even higher levels in the face of on-chain demand and macroeconomic indicators.