Bitcoin could rise to $100,000, analysts say: Crypto Daybook Americas

Core Viewpoint - Analysts predict a continued upward movement in Bitcoin, which has recently surpassed $95,000, indicating a potential path towards the $100,000 to $106,000 range [1][2]. Market Analysis - Bitcoin's price is currently trading above $95,000, the highest level since November 17, and is well above the 50-day simple moving average, suggesting a strong bullish trend [2]. - The macroeconomic environment described as "Goldilocks" is fostering renewed risk-taking across various markets, including cryptocurrencies, as U.S. job stability and stable inflation contribute to this sentiment [3]. - Market flows indicate bullish sentiment, with significant activity in call options at $96,000, $98,000, and $100,000 strikes on Deribit, suggesting expectations for Bitcoin to reach six figures [4]. Altcoin Performance - Major altcoins such as Ether (ETH), XRP, Dogecoin (DOGE), and Cardano (ADA) have experienced approximately 5% gains, while smaller tokens have shown even larger rallies, with the CoinDesk Metaverse Select Index rising by 11% and the Culture & Entertainment Select Index increasing by 8% [6]. Precious Metals Influence - Gains in precious metals, which are often viewed as safe havens during geopolitical unrest, are contributing to Bitcoin's upward movement, as a strong performance in metals may redirect investment flows back into digital assets [2]. Regulatory Environment - A report from Galaxy highlights concerns regarding a Senate crypto bill that could lead to significant financial surveillance, potentially increasing the attractiveness of privacy-focused tokens like Monero (XMR) and Zcash (ZEC) [5].