Bitcoin's price remains above the critical $95,000 support level as traders eagerly anticipate a push toward the $100,000 milestone.

Having surpassed its previous all-time high, Bitcoin has entered a price discovery phase, where its fair market value is determined by heightened buyer and seller activity. In November, the leading cryptocurrency posted an extraordinary 40% gain, marking its largest monthly increase in history.

Currently, Bitcoin finds itself at a pivotal juncture that could pave the way for a significant upward movement in the coming months. Historical patterns reveal that during previous cycles, the price discovery phase led to substantial returns. During the bull runs of 2017 and 2021, Bitcoin surged by 1,600% and 245%, respectively, after entering this phase. Crypto analyst "Daan Crypto Trades" highlighted that even a move half as strong as the 2021 rally could propel Bitcoin to $150,000 in this cycle.