Bitcoin has shattered its previous all-time high, reaching over $87,000. With its bullish trend continuing, many are wondering if BTC will hit $100,000 this November. Read on to explore the factors driving Bitcoin’s price surge, its dominance in the crypto market, and what could push it past $100K in the coming months.
Bitcoin breaks its new ATH! Today, Bitcoin price hits over $87,000 with its highest price at $81,844. Will Bitcoin reach $100,000 faster than predicted in Q1 2025? Let’s read the explanation in this article until the end.
Bitcoin Price Today
On November 12, Bitcoin’s price was $87,624. This increase is fantastic because it has increased by approximately $3,000 from its lowest price of $78,750 in a matter of hours.
The Bitcoin price chart above shows that the BTC RSI value is very high, at 82,78, which could indicate overbought conditions.
The Bitcoin MACD line is far above the limit line which means that a bullish trend is occurring. If this line remains in this condition, Bitcoin will continue its bullish trend not only today and could break through its new ATH again.
Bitcoin and Its Dominance in the Crypto Ecosystem
Today, the crypto ecosystem has varying price conditions for each token. It can be seen that the price of Bitcoin which rose by breaking a new record did not affect other tokens to also rise. BTC’s increase of almost 3% was indeed less than the increase in the price of DOGE which was almost 24%.
Bitcoin’s dominance in the crypto ecosystem today is 59.42%. A fairly high number because it is more than 50%. However, when compared to the conditions on November 7, BTC dominates at 60.55% which means there is a decrease today.
Conclusion: Reasons for Bitcoin Price Increase
The reason for this drastic increase in Bitcoin prices is predicted to be the reason for Donald Trump’s victory in the US Election this week. Right when Trump dominated voters in various regions of America, the crypto ecosystem even turned green with a price increase that cannot be underestimated in the majority of crypto tokens.
Bitcoin has been recorded to have increased by 35% in the past month and 94% in this year. When Donald Trump is officially inaugurated as the new president of America, the price of Bitcoin and other tokens could experience another promising spike. Especially when Donald Trump really carries out his promise to protect a more stable crypto ecosystem in America.
For those of you who want to buy Bitcoin tokens because you are interested in the price increase, don’t forget to do in-depth research. Bitrue can help you in researching BTC and other crypto tokens. Just visit the Bitrue website and you can check the Bitcoin price to easily do a BTC to USD price convert.
Bitrue also regularly presents articles about crypto that you can read at any time. That way, you will always be up to date on the crypto ecosystem.
This press release has also been published on VRITIMES
