The price of Bitcoin BTC/USD has soared in 2024 thanks to several catalysts including Bitcoin ETFs, more companies acquiring the cryptocurrency and expectations for a more pro-crypto White House administration with Donald Trump winning the 2024 presidential election.

As Bitcoin dips below the $100,000 level, Benzinga readers predict whether new all-time highs will be hit next or a further dip to $85,000.

What Happened: Bitcoin has reached several new all-time highs since the 2024 presidential election in November, passing the $80,000 and $90,000 levels and recently clearing the $100,000 level.

The leading cryptocurrency hit an all-time high of $103,900.47 on Dec. 4 and spent…

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