Traders eye $100,000 as the next level of interest in Bitcoin’s price, although there will likely be a period of consolidation first, according to some analysts. BTC is riding the wave of President-elect Trump’s victory and the Fed’s expected 25 basis point interest rate cut on Thursday. There are some concerns about a near-term pullback given Trump’s proposed tariffs on China and fiscal concerns such as the rising national debt. BTC is “defending its high,” Alex Kuptsikevich, senior market analyst at FxPro, told CoinDesk. “In general, we stick to the idea that the new highs have triggered a powerful new wave of growth with the potential to reach $100,000-$110,000 within 2-3 months without any significant upheaval.”