Bitcoin continues to bull, why? 🔥🔥🔥

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The price of BTC increased by 2.65% in the last 24 hours, reaching $102,645, driven by MicroStrategy's inclusion in the Nasdaq 100 index and inflows into Bitcoin ETFs.

Impact of MicroStrategy:

MicroStrategy has gained recognition for accumulating Bitcoin, and its inclusion in the Nasdaq 100 index has helped boost Bitcoin prices. The advocacy of founder Michael Saylor and the surge in stock prices are key factors.

Institutional interest:

Increased inflows into Bitcoin ETFs and acquisitions by MicroStrategy and MARA Holdings indicate growing institutional interest in Bitcoin.

Government and institutional trends:

The proposal for the U.S. to establish a strategic Bitcoin reserve and similar initiatives in Texas indicate that government and institutional adoption of Bitcoin is on the rise.

Price correction risk:

Despite the increase, Bitcoin prices may face a correction, and attention should be paid to the trends of the ascending wedge pattern.

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