Bitcoin surpasses $90,000 for the first time as analysts predict future price movements

Bitcoin has surpassed $90,000 for the first time, rising over 32% since the recent U.S. election. This increase is attributed to strong inflows into Bitcoin exchange-traded funds and a rally in Ethereum, which is now above $3,300. Analysts have mixed predictions for Bitcoin's future. Some expect it to exceed $100,000 by the end of 2024, citing factors like the election results and a strong economy. Others, however, foresee potential corrections, with one predicting a year-end price around $58,974 due to overheated market conditions. Overall, the consensus is that Bitcoin will likely end the year near or above $100,000. However, analysts caution about possible volatility and corrections in the coming months.