$BTC # December 2024
In December 2024, Bitcoin continues to dominate financial discussions, reaching new heights and drawing significant institutional interest. After breaking the $100,000 milestone earlier in the month, it has shown some volatility, consolidating slightly below $100,000 in recent days. Analysts remain optimistic, predicting further gains driven by strong institutional inflows through Bitcoin ETFs and sustained accumulation by major holders, such as wallets with 10+ BTC【7】【9】.
MicroStrategy, a prominent corporate Bitcoin holder, purchased over 21,500 BTC this month, further solidifying its commitment to the asset. The company's bullish stance, led by Michael Saylor, signals confidence in Bitcoin's long-term value. The broader market also reflects optimism, with expectations of Bitcoin surpassing resistance levels around $105,000【8】【9】.