Could Bitcoin reach $100,000 by December?

- December is usually a volatile time for Bitcoin (BTC), but analysts at the Bitfinex exchange predict there may be a short-term correction. However, if network momentum changes, BTC could surpass the $100,000 mark. 🚀

- Weekly reports indicate that BTC could maintain its upward trend if demand from short-term holders (STH) meets the supply from long-term holders (LTH). Currently, BTC is trading at $94,800.

- Demand from institutional investors and the Bitcoin ETF market has fueled the recent price surge. To sustain the upward trend, BTC needs capital inflow from ETFs and strong demand from buyers at the margins. 📈