Bitcoin traded at $97,280 against the US Dollar on Friday, November 29th, marking an increase of $1,553, or 1.62%, from the previous trading session.
Bitcoin tops $97,000 again
Over the past four weeks, Bitcoin has surged by 34.29%, highlighting its strong recent performance. Looking at a longer timeframe, the cryptocurrency has seen a remarkable rise of 157.72% over the past 12 months, reflecting its substantial growth amid fluctuating market conditions.
Future expectations
Looking ahead, analysts and Trading Economics’ global macro models predict that Bitcoin's price may drop to around $70,903 by the end of the current quarter. Further projections suggest that, in the next 12 months, the price could fall to $62,495, influenced by market dynamics and broader economic factors. These forecasts reflect a more cautious outlook for Bitcoin’s performance as it faces potential headwinds, including regulatory changes and evolving investor sentiment.
