$BTC

Bitcoin is rising through the blood-sucking altcoins, which is actually quite unhealthy. Only when the entire cryptocurrency market rises together is it a sign of new funds entering; currently, it seems that large companies are purchasing Bitcoin reserves, along with funds spread across altcoins, which is pushing up Bitcoin due to FOMO.

At the same time, this wave of increase has not been accompanied by a significant increase in volume.

From the news perspective, this increase may be related to the upcoming discussions on December 10 by Microsoft about whether to reserve Bitcoin, and the expectation that Trump will announce Bitcoin as a US currency reserve when he takes office in January.

However, there are still 19 days until December 10, and it is expected that the current blood-sucking surge needs a major correction before a real surge.

For this major correction, it is expected to see levels around 86000 to 76000, while Bitcoin is anticipated to break 120000 in January next year.