Epic Bitcoin Party Planned by Saylor Once $100K Hits
- Bitcoin‘s rapid price appreciation has shocked many.
- The milestone $100K price target is within touching distance.
- Michael Saylor plans a party to celebrate the milestone event.
Bitcoin has surged nearly 40% since the “Trump Pump” took hold of the crypto market, propelling the leading cryptocurrency to a new all-time high of $93,000 on Wednesday. The rapid rise has surprised many, though Bitcoiners would argue that the $100K mark was always in play, given the ongoing global debasement of fiat currency.
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With Bitcoin now just a hair’s breadth from $100K, MicroStrategy chair Michael Saylor has revealed plans to celebrate this milestone moment.
Bitcoin to $100,000
A series of massive green candles following the US election result has brought Bitcoin within striking distance of $100,000, prompting Saylor to reveal he’s planning a party to celebrate the milestone event.
BTC reached a new all-time high of $93,500 on Wednesday, just 6.5% from the coveted $100K mark, which, given Bitcoin’s notorious volatility, is an easily achievable feat.
Saylor’s announcement sparked a flurry of replies from influential community figures asking for an invite, highlighting the growing confidence that Bitcoin will reach the $100K milestone.
Polymarket odds also reflect this optimism, with the probability of BTC hitting the milestone in 2024 jumping from 17% on November 5 to 68% by November 14. However, despite Bitcoin hovering near the milestone, a sizable portion of bettors remain unconvinced.
The Sky’s the Limit
The $74,000 level had previously served as resistance on March 14 and October 29, but the Trump-driven rally broke through decisively, closing November 6 at $75,600. With no historical resistance to limit its upward movement, Bitcoin is in price discovery mode.
![Epic Bitcoin Party Planned by Saylor Once $100K Hits image 1](https://img.bgstatic.com/multiLang/image/social/95aacf4c3b714e4cfa7a7ccd4c9dcf2e1731619332067.png)
With bullish tailwinds driving momentum, especially Trump’s pledge to transform the US into the global crypto capital , Bitcoin’s potential seems unstoppable at this stage of the cycle.
Samson Mow, founder of Jan3, and Arthur Hayes, CFO of Maelstrom, have issued among the boldest price predictions, each setting a $1 million price target for Bitcoin.
On the Flipside
- MicroStrategy now holds 279,420 BTC , valued at $25.5 billion.
- Bitcoin dominance is trending higher, reaching a 189-week high of 61.13% on Thursday.
Why This Matters
Bitcoin reaching the $100,000 milestone would underscore its growing dominance and pivotal role in reshaping global finance.
Samson Mow renews his call for an incoming BTC God candle.
Bitcoin Nears God Candle: Mow Predicts Omega Soon
Max Keiser predicts Bitcoin at $800,000.
Bitcoin at $800K “Mathematically Guaranteed,” Says Keiser
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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