Just a thought on what I am seeing on the future of $BTC
Bitcoin’s price has recently shown considerable volatility, dropping to $94,000 before rebounding and stabilising around $96,000–$98,000. This dip was largely caused by profit-taking and liquidations due to high leverage positions. However, despite this short-term weakness, institutional investors continue to show strong interest, as evidenced by substantial inflows into Bitcoin ETFs.
This trend suggests confidence in the asset’s long-term growth. Analysts remain optimistic that Bitcoin could surpass $100,000 in December, provided it breaks through the resistance at $99,588. Large-scale accumulation by key stakeholders and consistent ETF demand reinforce this bullish sentiment. With that said, resistance around $105,000 might limit the upside if the rally gains momentum.
What is your prediction for the next direction of the elite BTC?