Currently Bitcoin is facing a pullback and is now valuing around $95,000 after briefly surpassing $100,000. A decline of 7% in total market cap is experienced by the crypto market and is now at $3.49 trillion with Bitcoin’s dominance decreasing.

According to some analysts, Bitcoin could reach between $150,000 and $200,000 driven by institutional interest and friendly regulations.

Experts suggest that while pullbacks are expected, they may be less severe due to growing institutional support and a robust base of buyers in the market.

However, a cautious outlook for the near future is suggested by worries about macroeconomic issues and possible adjustments. Macroeconomic factors and a possible correction in global stock indexes could impact cryptocurrency valuations negatively in the near term.

The crypto community will have to wait and see what Donald Trump comes up with as he has shown some positivity towards crypto in his election campaign.

If Trump's administration shows a friendly behavior towards crypto with friendly regulations, that may have better implications for the crypto industry. Regulatory changes may significantly impact Bitcoin and the wider crypto market.

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