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Bitcoin experienced significant growth in November, reaching nearly $98,000. According to analysts, by December 2024, the cryptocurrency could surpass $100,000. Some platforms are even accepting bets on Bitcoin’s future price. Most participants on Polymarket predict that next year the cryptocurrency will soar to between $114,000 and $127,000. However, by December 2024 and in the following months, Bitcoin’s price is expected to peak and then start to decline, potentially dropping to as low as $87,000. It is worth recalling that in 2010, when Bitcoin first appeared on the exchange, it was valued at just $0.003. Since then, its value has increased by thousands of times.In 2013, the price of 1 BTC exceeded $100, and in November of the same year, Bitcoin reached $1,000 for the first time. Bitcoin’s Meteoric Rise: A Triumph or a Ticking Time Bomb? Bitcoin has once again grabbed headlines with its surge to record-breaking heights, a rally fueled by a mix of global economic shifts and renewed investor enthusiasm. Yet, beneath this shining achievement lies a stark reality: the cryptocurrency market is fraught with unpredictability, and every boom carries the shadow of a potential bust. As Bitcoin soars, seasoned experts urge caution, warning that the patterns of the past may well repeat themselves. Over the years, Bitcoin has navigated a rollercoaster of price movements, with sharp rises often followed by equally dramatic falls. Take 2017, for example, when the cryptocurrency hit nearly $20,000, sparking a frenzy of speculation. But by the end of 2018, Bitcoin’s value had plunged below $4,000, leaving many investors nursing heavy losses. These cycles of boom and bust have become a hallmark of the digital asset, a reminder that what goes up can—and often does—come down. Investing in cryptocurrencies is not for the faint-hearted. The market’s inherent volatility means prices can swing wildly,…