Bitcoin is surging past the $66,000 mark as this article is being written, with speculation swirling that it could reach $100k by year-end or even surpass $150,000 before the next year begins.

This speculation is partly tied to the approval of Spot Bitcoin ETF applications by the US Securities & Exchange Commission in January and the impact of Bitcoin Halving, extensively discussed by analysts like Ali Chart.

Ali Chart emphasizes how Bitcoin's halving has reduced its token supply to 4.6 million, a factor that could influence its market price due to increased scarcity. Despite undefined predicted impacts, overall sentiment remains optimistic for reaching the $100k milestone.

Bitcoin may find initial support at $66,000, paving the way for a climb to $75,000 before the anticipated surge. Ali also suggests setting the next resistance level between $69,900 and $71,200 for a brighter future. However, Bitcoin faces challenges such as high transaction fees and slow processing times, which could hinder its growth toward $100k.

Despite these hurdles, there's still hope for Bitcoin's resurgence, especially once it validates the replication of Wave 4 seen in early 2021. Additionally, Ali Charts anticipates a surge in Bitcoin liquidity ahead of the upcoming US elections, signaling a departure from its previous trend of mirroring the Global Liquidity Index.