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As of January 3, 2025, Bitcoin has shown positive momentum, currently trading around $96,700, marking a 1.23% gain from its previous close. Earlier in the day, Bitcoin briefly touched a high of $97,822 after hovering below $95,000 for over a week.
The recent surge is attributed to increased institutional interest and growing optimism regarding regulatory developments. With broader market sentiment improving, Bitcoin has managed to break through key resistance levels.
Despite the bullish outlook, many analysts caution against potential short-term corrections due to historical volatility patterns following sharp price increases. Long-term projections remain varied, with optimistic targets suggesting a rise toward $150,000 to $225,000 by year-end.
Overall, Bitcoin continues to demonstrate resilience amid market fluctuations, with investors closely monitoring regulatory updates and macroeconomic trends that may influence its trajectory.