Microsoft Bitcoin Proposal: Key Vote on December 10, Is BTC Likely to Break $100,000 by Year-End?

Market Background: Bitcoin's Wild Fluctuations Have Drawn Attention!

On December 2, the price of $BTC experienced significant volatility, dropping from a high of $98,000 to $94,872, with a single-day pullback of over $2,000. This dramatic adjustment not only heightened market tension but also sparked intense discussions surrounding Bitcoin. Opinions from several notable figures have once again taken the spotlight, such as the pessimistic prediction from Robert Kiyosaki, author of 'Rich Dad Poor Dad', who believes Bitcoin may face short-term risks, creating some pressure on market sentiment.

However, the market's real 'explosion point' may be revealed on December 10: Microsoft will vote on a proposal to 'evaluate investment in Bitcoin' at its annual shareholder meeting. This decision is expected to be a turning point for Bitcoin's price.

Potential Impact of Microsoft's Proposal:

1️⃣ A Catalyst for $BTC to Break $100,000

As a giant in the tech industry, if Microsoft passes this proposal and includes Bitcoin on its balance sheet, it could not only provide endorsement for mainstream institutional investment but also inspire other large corporations to follow suit. This move would significantly increase the market demand for Bitcoin and enhance global acceptance.

2️⃣ Accelerating the Institutionalization Trend of Bitcoin

From pioneers like Tesla and MicroStrategy to potential new entrants, if Microsoft ultimately implements Bitcoin investment, it will further solidify the dominance of institutional investors in the cryptocurrency market.

3️⃣ Repairing and Enhancing Market Sentiment

Currently, although the price is fluctuating, Microsoft's positive signal may reshape investor confidence and attract more funds into the market.

Current Market Observations and Outlook:

Short-term Support Levels and Strategy:

Before the voting results are announced, Bitcoin's price may continue to oscillate around the $94,000 to $96,000 range, and if the proposal is passed, the price could quickly challenge the psychological barrier of $100,000.

Long-term Layout Opportunities:

Regardless of whether the proposal is passed, the trend towards institutionalization has already been established. Microsoft's potential entry will further drive the maturation and growth of the market.

Do you think Microsoft will support this Bitcoin proposal? Is $BTC likely to break $100,000 by year-end?