As Bitcoin continues to notch all-time highs in the low $90,000s this week, experts are weighing in on its future trajectory.

Roundtable anchor Rob Nelson, futurist and crypto investor Armando Pantoja, and John Divine of Digital Asset OTC Trading at BlockFills recently shared their insights on the psychological barriers impacting bitcoin's price and the potential influence of upcoming events.

Armando Pantoja believes that bitcoin is poised to break through the significant psychological barriers at $90,000 and $100,000. "Every time we get past that, a lot of traders, and especially a lot of traditional finance people, they think that they can't sustain that," Pantoja said, noting the presence of shorts, sell-offs, and put options once bitcoin surpasses $90,000.

Despite these challenges, Pantoja remains optimistic about bitcoin's rapid ascent. "Once we get past it and it's able to sustain itself past $90,000 we'll be at $100,000 rapidly," he asserted. He also introduced the concept of the "Thanksgiving effect," where investors share their crypto successes during the holidays, potentially leading to an influx of retail capital. "I think that retail capital after Thanksgiving is going to push bitcoin to $100,000," Pantoja predicted.

Rob Nelson expressed intrigue about the Thanksgiving effect. "I love it. I didn't know about this one," Nelson remarked. He acknowledged that the phenomenon made intuitive sense, as people might discuss their substantial bitcoin gains with family, spurring interest and investment. "There's always a thing... this effect," Nelson mused, highlighting the unique trends within the crypto market.

John Divine agreed, emphasizing that the Thanksgiving effect could be more pronounced this year among older investors. "Maybe the older folks at the dinner table are going to be calling their financial advisors on that Monday morning and saying, why don't I have an allocation to bitcoin?" Divine suggested. He believes this could lead to "serious cash into the market," and pressure financial advisors to become more educated on bitcoin. "We've really crossed a Rubicon for more seasoned investors," Divine concluded.