**Bitcoin Heading Towards $100K? Let's Check It Out! ๐Ÿฟ**

- December is known to be a month full of surprises for Bitcoin (BTC). Bitfinex analysts predict that BTC could experience a temporary decline, but changes in network dynamics could push it past $100,000!

- The weekly report suggests that BTC could continue to rise this month if short-term holder (STH) demand can meet long-term holder (LTH) supply. Currently, BTC is at $94,800 after consolidating between $90,000 and $98,000.

- Long-term holders are starting to take advantage of the increasing demand for BTC to distribute their supply. High demand from institutional investors and the spot Bitcoin ETF market fueled this latest rally.

- To maintain momentum, BTC needs positive flows from ETFs and strong demand from marginal buyers. Without this, a significant price correction could occur.

- Interestingly, the ratio of profits spent by LTHs shows that the market has not yet reached its peak.

What do you think? Can BTC break through $100K? Let's discuss in the comments column!