At the time of writing, the cryptocurrency Bitcoin 
$97,504 has reached a new all-time high. This situation is common in bull markets, where BTC frequently elevates its peaks, suggesting it may reach even greater heights in the coming hours.
Bitcoin Surges
The reduction of regulatory pressure in the U.S. and expectations that the Trump administration will favor investors in shaping global regulations support this surge. Although BTC may experience sudden drops even during rising trends, the key focus is on the overall trend, which is currently a strong upward movement.
On November 14, BTC reached a record price of $93,524 against the USDT pair on the Binance exchange, raising its all-time high further. If the bulls can maintain the price above $100,000, we might witness impressive altcoin rallies as liquidity shifts into the altcoin market over the next few months.
However, as previously mentioned, even in a bullish trend, sudden liquidity-targeted drops exceeding 10% can occur. This scenario contrasts sharply with the brief upward spikes seen when prices bottomed out in 2022.
