[블록미디어 명정선 기자] Cryptocurrency market analysts expect Bitcoin to reach $100,000 by the end of the year despite the recent 7% correction.
According to Cointelegraph, Bitcoin fell nearly 7% after hitting an all-time high of $99,645 on November 22, falling to $92,775 on November 26. However, it recovered quickly afterward and is currently trading around $94,600.
“Bitcoin is in a correction phase ahead of the long Thanksgiving holiday,” explains Marcus Thielen, founder and CEO of 10x Research. Bitcoin has a historical tendency to weaken at the end of the month, which has actually helped alleviate overbought conditions. “It does,” he analyzed.
He said that the U.S. Federal Reserve (Fed) is likely to freeze interest rates in December, which may have a short-term impact on risk assets, but the positive outlook that Bitcoin will exceed $100,000 within the year remains unchanged.
#Quick recovery after falling $93K… Part of a healthy adjustment
Charlie Sherry, head of financial and cryptocurrency analysis at BTC Markets, said, “This decline can be seen as part of a healthy correction pattern that follows Bitcoin’s sharp rise.”
He analyzed that the drop to the $92,600 level was likely an adjustment to reduce market leverage and prepare for the next rise, and evaluated it as the “last adjustment.”
Sherry added that a deeper correction would likely test support at $88,000 to $90,000, but that a 20-30% decline would still be consistent with past bull market patterns.
#Possibility of exceeding $100,000… Pay attention to the psychological resistance line
CK Jeong, co-founder of ZX Squared Capital, predicted that $100,000 would act as a psychological resistance level and that “some long-term holders may try to take profits at this level.”
He added that further corrections could lead to $80,000, but this would be a good entry point for new long-term investors.
“I expect Bitcoin to surpass $100,000 in the next few months,” Jeong said. “If the Trump administration pursues cryptocurrency-friendly policies, the possibility of an increase will increase.”
Blockchain betting platform Polymarket also gave a positive outlook, predicting a 72% chance of BTC reaching $100,000 before Christmas. Experts expect a new bull market to begin after Bitcoin’s short-term correction ends.
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## Interview: Bitcoin’s Road to $100,000?
**Welcome back to World Today News! Today we’re diving into the recent volatility in the cryptocurrency market, specifically Bitcoin’s potential to reach the $100,000 mark by year’s end. Joining us are two distinguished guests:**
**Charlie Sherry, Head of Financial and Cryptocurrency Analysis at BTC Markets, and CK Jeong, Co-founder of ZX Squared Capital.**
**Section 1: Understanding the Correction**
**Interviewer:** Thanks for being here, Charlie and CK. Bitcoin experienced a nearly 7% drop recently after hitting an all-time high. Marcuz Thielen suggested this was a “correction phase” before the Thanksgiving holiday. Charlie, as an expert on market trends, can you elaborate on what contributes to these periodic corrections in the crypto market? Are they necessary for sustained growth?
**Charlie:**
**(Expected response: Discussing natural market cycles, the impact of speculation and leverage on price fluctuations, and the long-term view of corrections as opportunities for healthy market adjustment.)**
**Interviewer:** CK, you mentioned a “last adjustment” before the next price move. What factors lead you to believe this correction is nearing its end?
**CK:**
**(Expected response: Discussing technical indicators, market sentiment, and the potential for support levels to hold.)**
**Section 2: The $100,000 Mark – Psychological Barrier or Inevitability?**
**Interviewer:** Looking ahead, the $100,000 mark seems to be a key psychological threshold. CK, you pointed out that some long-term holders might take profits at this level. How significant do you believe this psychological impact will be on Bitcoin’s price trajectory?
**CK:**
**(Expected response: Exploring the role of trader psychology, potential profit-taking scenarios, and the interplay between fear and greed in driving market momentum.)**
**Interviewer:** Charlie, many analysts remain optimistic about Bitcoin exceeding $100,000 by year-end.
Coming from BTC Markets, a platform directly involved in crypto trading, what factors are contributing to this positive outlook?
**Charlie:**
**(Expected response: Discussing platform activity, trading volumes, investor behaviour, and broader economic factors influencing crypto adoption.)**
**Section 3: Beyond Price - Regulatory Impact and Future Outlook**
**Interviewer:** CK, you also touched upon the potential impact of the Trump administration’s cryptocurrency policies. How crucial is regulatory clarity for sustained growth and mainstream adoption of Bitcoin?
**CK:**
**(Expected response: Discussing the role of government regulation in fostering trust and investment in the cryptocurrency market, potential effects of different regulatory approaches, and the importance of a balanced framework.)**
**Interviewer:** Both of you have presented compelling viewpoints on Bitcoin’s future.
Looking beyond the $100,000 milestone, what are your long-term predictions for Bitcoin and its place in the global financial landscape?
**(Open-ended discussion encouraging both guests to share their visions and predictions for Bitcoin’s future growth and impact.)**
**Interviewer:** Thank you both for sharing your invaluable insights with us today. This has been a fascinating look into the dynamics driving Bitcoin’s journey towards $100,000. Don’t forget to join us again for more insightful discussions on the world of finance and technology.
