Bitcoin's $100K Ambition Faces Resistance Amid Market Fluctuations

Bitcoin has surged 129% year-to-date in 2024, driven by the April halving and macroeconomic factors, nearing the $100,000 mark. Analysts are optimistic about further gains, though challenges like altcoin dominance and potential market corrections persist. The halving reduced miner rewards, historically leading to price increases, and Bitcoin's appeal as "digital gold" amid inflation and geopolitical instability has attracted institutional investors. While Bitcoin's dominance has slightly decreased, indicating a shift towards altcoins, its future trajectory depends on breaking the $100K psychological barrier and maintaining market dominance.