The price of Bitcoin has surged and reclaimed the $65K level after the U.S. Federal Reserve's rate cut and approval for a new Bitcoin product.
Traders are betting on Bitcoin reaching $100,000 before the end of the year, with bullish catalysts including lowered interest rates and China stimulus plans.
Crypto analyst Michaël van de Poppe believes Bitcoin could appreciate by over 54% to reach $100,000, citing increased global liquidity and the rise of gold and silver.
The weakening US Dollar and Bitcoin's ability to remain unaffected by Middle East hostilities contribute to the bullish case for Bitcoin's future growth.