Bitcoin has surged past $96,000, bringing the $100,000 milestone within reach amid mixed sentiments of hope for new highs and profit-taking fears. The rise follows positive PCE data and investor optimism for a potential interest rate cut in December, alongside expectations for a more crypto-friendly regulatory environment under a new administration. The psychological significance of the $100,000 mark remains crucial, with potential support levels identified between $85,000 and $88,000 if selling pressure increases.