In the morning of November 22, Bitcoin $BTC updated its historical maximum, rising to levels above $99,000. Less than 1% remains to the coveted $100,000. The market capitalization of Bitcoin reached $1.958 trillion, closely approaching Google.
The Cryptocurrency Fear and Greed Index reached 94 points, signaling 'extreme greed' in the market.
Among the positive news:
trading in options for the spot Bitcoin ETF from BlackRock has started;
MicroStrategy raised $3 billion to purchase digital gold;
Michael Saylor will discuss creating a Bitcoin reserve with Microsoft.
CryptoQuant identified five key indicators that warn of the formation of a local peak. Currently, only one of them is giving a bearish signal.
Analysts from Bernstein identified key catalysts that will push Bitcoin to the target level of $200,000 in 2025.
The founder and CEO of CryptoQuant, Ki Yun Ju, believes that the target price for digital gold in the current cycle is $135,000.
