Sustainable optimism from strategic purchases

While the broader cryptocurrency community closely watches Bitcoin's price movements, some expect the price to fall below $80,000. However, market trends indicate that the 'bullish' growth may continue and that Bitcoin could surpass the expected threshold.

This optimism is fueled by the unexpected purchase of Bitcoin by some companies led by MicroStrategy. Marathon Digital, Rumble, and Semler Scientific are also active buyers of the coin.

Despite Bitcoin's high price, MicroStrategy has acquired BTC for another $5.4 billion. This has reinforced optimism that this asset may still soar, despite the impending wave of sell-offs.

Meanwhile, against the backdrop of rising BTC prices, Metaplanet, a Japanese investment company that has recently developed a taste for Bitcoin, plans to expand its treasury.

As previously reported by The Coin Republic, Metaplanet will start buying more Bitcoin on December 16. Experts say that such an announcement may support the bullish run and push Bitcoin to new heights.