🌟 Bitcoin Analysis for Today 🌟

Bitcoin has shown an upward trend in the last 24 hours. Here are some key points:

New All-Time High: Bitcoin reached a new all-time high of $107,708.62 on December 16. This increase is due to statements from President-elect Donald Trump regarding the creation of a national strategic reserve of Bitcoin.

Institutional Support: BlackRock has stated that an allocation of 1% to 2% in Bitcoin is a "reasonable range" for multi-asset portfolios. This institutional adoption is boosting confidence in the crypto market.

MicroStrategy and Nasdaq 100: MicroStrategy has been included in the Nasdaq 100 index, solidifying its position as the largest holder of Bitcoin among publicly traded companies. The company recently announced the purchase of $1.5 billion in BTC.

Volatility and Liquidity: Volatility is expected to continue due to lower liquidity over the weekend. Key support levels are at $94,000, while immediate resistance is at $99,700.

News Impact: Trump's statements and the expectation of a rate cut by the Federal Reserve are fueling optimism in the market. Stay informed about any relevant announcements that could influence the price of Bitcoin.

Technical Analysis: Bitcoin shows an upward trend on the four-hour chart, with a rise in the 50-day moving average. This suggests that the price could continue its ascent if current conditions hold.

These are some of the expectations and analyses for Bitcoin today. Stay informed and consider your investment strategy before making decisions.

If you need more information or have any other questions, let me know! 🚀📈📊