Derivatives platform Defi Derive says Bitcoin could surpass $150,000 next month

Reaching the $100,000 dollar mark may have taken its time, but many cryptocurrency users around the world speculated about this possibility, while others focused on a series of analyses presenting that likelihood. As of today, the price has dropped to $98,985 dollars, with a 1.1% decrease. There are many factors that cause the price to fluctuate, but in most cases, it is about how Bitcoin manages to impact the world and create new ways to access finances.

Much of this has to do with investors' perceptions of different situations that accompany the currency's price. This volatility can arise from news or rumors that are often taken out of proportion and have an impact on the market. But if we talk about solid things, that might be the point of interest we should address, such as the utility of Bitcoin in a particular market.

One of the most pronounced indicators of the increase in Bitcoin's price could be ETFs. In this case, we should mention two of them that have a significant influence, such as BlackRock and Fidelity. Both have shown a flow of funds that has managed to break records, with BlackRock quickly reaching the $50 billion dollar mark.

Sean Dawson, head of Defi Derive's derivatives protocol research, has claimed that Bitcoin could have a bullish momentum for the next month, especially impacting the derivatives market. He also commented on a small probability that Bitcoin could surpass $150,000 dollars this December. On the other hand, Ethereum could reach $6,000 dollars within this month. Talking about probabilities, there is a 6% and 10.5% chance, respectively.

While it is true that the price of Bitcoin has decreased, it has consolidated significantly. This could make sense due to weekend operations that manage to reduce market volatility, stabilizing it.

Trump's arrival in power could mean a good opportunity for the growth of cryptocurrencies, especially for Bitcoin. One of the promises he made during his campaign was the implementation of a strategic reserve, while offering support to national cryptocurrency mining companies.

The fact is that we are facing a moment in which a currency can skyrocket or have the opposite effect. Beyond being in a bullish season, let's not forget that there are very influential geopolitical factors that could contradict the future of cryptocurrencies and thus result in a negative impact on their price. Still, everything is governed by supply and demand, and at the moment, Bitcoin is in much higher demand because analyses and speculations point towards a higher price in the medium term.

From my point of view, it could be said that historically Bitcoin has surpassed itself on every occasion and this will be no exception. The market in general will reach new highs, so there are many opportunities. Thinking about it further, it will also be an opportunity for other cryptocurrencies to achieve mass adoption, and I believe that exchange-traded funds as well as derivatives could play a very important role.