What’s next for Bitcoin? BTC price hit a record $103,000 and is expected to rise even higher.

Bitcoin broke the landmark $100,000 level early Thursday nearly 15 years after it was first launched, a move that some traders expect to continue.

According to the data, BTC rose 7.2% in the last 24 hours to just over $103,670, expanding its market cap to $2 trillion for the first time. It later fell to $102,500 in Asian afternoon hours as traders took early profits on the move.

Assets are up 50% in the past 30 days, driven by rising institutional demand, rising ETF inflows, improving sentiment in the traditional financial community, and optimism over the election of US President Donald Trump, who has promised to turn the US into a hotbed of Bitcoin activity. .

The US spot BTC ETF recorded net inflows of $533 million on Wednesday, while BlackRock’s IBIT surpassed $50 billion in net assets for the first time, data showed.

This sharp rise in prices has sparked fears among some observers of a local market high that could push prices down to $90,000. However, a seasonally strong holiday season, ETF demand, and strong mainstream media attention could lead to more buying demand for BTC in the coming weeks, traders say.

Here’s what three traders have to say about the current rally and future moves.

“With Powell’s positive headline about Bitcoin being digital gold and Paul Atkins’ appointment as SEC Chairman, BTC finally reached 100,000.”

However, we believe there should be demand waiting for BTC to hit 100,000, which would give it more room to rally and attract public attention. Moreover, BTC remains small compared to other macro assets and its growing market cap will attract large institutions that can now allocate meaningful scale.” — Minjeong Min, investment analyst at Prestory Research

“Bitcoin’s recent passing of $100,000 is not just a milestone. This marks a pivotal moment for the cryptocurrency industry. In particular, confidence grew as the U.S. regulatory environment gradually improved with the appointment of Paul Atkins as SEC Chairman. “This is likely to drive further institutional investment into the sector, increasing Bitcoin’s credibility and ushering in a new wave of adoption.” — Jeff May, COO of BTSE.

“While some speculators believe that reaching $100,000 signals a market high, on-chain demand and macroeconomic indicators suggest that Bitcoin still has further upward momentum. This becomes even more evident with key bearish narratives being invalidated, including the US presidential election and regulators’ positions on cryptocurrencies.”

“Long-term holders may liquidate their positions, but mainstream media and retail market investors are just starting to notice Bitcoin’s incredibly rapid rise from this key level, which could add more buying pressure for fear of missing out. there is.” — Nick Ruck, Director, LVRG Research.