Bitcoin has become the center of attention as its price surpassed the psychological threshold of $100,000. On December 5th, BTC reached an all-time high of over $103,500, creating great excitement in the crypto community. However, earlier this week, the price sharply corrected below $94,500, but it has now recovered to around $98,700.

An important indicator suggests that BTC may soon experience a stronger recovery. The amount of BTC stored on exchanges has dropped to its lowest level since the summer of 2018, indicating a trend towards personal wallets, reducing immediate selling pressure.

Bitcoin's NVM index is currently at 1.5, suggesting that BTC may be undervalued and has potential for price increase. Some analysts predict BTC could reach between $101,000 and $275,000, based on technical models and optimistic market sentiment. 🚀