Bitcoin is currently in a price consolidation, which is considered a healthy move before trying to reach $100,000! 📈💪 After an impressive 37% increase in November, BTC price briefly dropped below $93,600, but many traders remain optimistic and are ready to buy on dips. 🛒
Despite some concerns after South Korean President Yoon Suk Yeol announced and then lifted the state of emergency, Bitcoin prices on Korean exchanges like Upbit were briefly depressed. 😬 However, on Binance, BTC is still trading near $95,000. 💵
Some positive news also emerged, such as MicroStrategy announcing the purchase of 15,400 Bitcoins worth $1.5 billion, and Marathon planning an $800 million bond offering to buy more BTC. 🚀 Additionally, there is a possibility that Microsoft will add Bitcoin to its balance sheet, which could be good news for the market. 🏢
Investment in spot Bitcoin ETFs also remained strong, with inflows reaching $3.38 billion between November 21 and 25. 📊 Despite a small drawdown last week, December started with three consecutive days of inflows above $100 million. 🎉
With all these factors, many analysts believe that the current consolidation is a good move before Bitcoin continues its march towards $100,000. 🌟 So, stay tuned for BTC price movements and the latest news in the market! 🧐