Traders Monitor 4 Key Catalysts That Could Drive #Bitcoin Past $100,000 Before Year-End
MicroStrategy has surged +140% since our October 6 report, "Doubling Down on Bitcoin’s October Rally as @MicroStrategy Shares Could Break Out." With its market capitalization now at $88 billion, it has reached the size of companies like @Dell and @PalantirTech (>$80 billion) when they were added to the S&P 500 index and subsequently rose +7% on the announcement in early September 2024.
Our October 14 report highlighted the possibility of MicroStrategy being added to the S&P 500 index on December 6, 2024. Given the substantial short interest in the stock—much of which extends beyond hedging convertible bond notes—a short squeeze could propel its share price even higher. This appears the case currently.
Full report: https://mail.10xresearch.co/p/traders-monitor-4-key-catalysts-that-could-drive-bitcoin-past-100-000-before-year-end
