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According to PANews, a dormant Bitcoin address containing 16 BTC was activated today at approximately 11:35 AM UTC+8. This address had been inactive for 11 years. Back in 2013, the value of these Bitcoins was just $14,186. However, their current value has surged to approximately $1,544,061.

On Nov 28, 2024, 03:32 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 95,000 USDT and is now trading at 94,919.242188 USDT, with a narrowed narrowed 2.35% increase in 24 hours.

According to Odaily, renowned economist Nouriel Roubini, often referred to as 'Dr. Doom,' recently expressed concerns about Bitcoin's volatility during an interview. Roubini emphasized that individuals seeking to preserve their wealth should avoid highly volatile assets like Bitcoin. He highlighted the significant fluctuations in Bitcoin's value, suggesting that it may not be a suitable investment for those prioritizing stability. In the aftermath of Donald Trump's election victory, there was a notable influx of approximately $6.8 billion into U.S. exchange-traded funds (ETFs) directly investing in Bitcoin, according to data compiled by Bloomberg. These 12 ETFs collectively hold assets totaling around $100 billion. This substantial investment reflects a growing interest in Bitcoin as an asset class, despite the inherent risks associated with its volatility. Roubini's cautionary remarks serve as a reminder of the potential challenges investors may face when engaging with cryptocurrencies, particularly those with significant price swings.

On Nov 28, 2024, 00:35 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 96,000 USDT benchmark and is now trading at 96,027.992188 USDT, with a narrowed 4.25% increase in 24 hours.

According to PANews, Northern Data AG is reportedly close to finalizing a deal to sell its cryptocurrency mining division, aiming to capitalize on the recent surge in Bitcoin prices. Elliot Jordan, the company's Chief Financial Officer, disclosed that Northern Data has engaged bankers to solicit bids and is currently reviewing proposals. During a presentation at the German Equity Forum on Wednesday, Jordan described the process as 'ongoing,' noting that the company is receiving offers from various parties and that progress is being made. Jordan mentioned that Northern Data has not assigned a specific valuation to the business. However, reports suggest that prior to the recent Bitcoin price increase, the division was valued between $300 million and $500 million. He emphasized to investors that the current market conditions present an optimal opportunity for the sale of this business segment. Northern Data's primary shareholder is Tether, a stablecoin issuer, which is looking to free up capital to expand its artificial intelligence services. This strategic shift is part of a broader trend among mining companies following a Bitcoin software update in April, which halved their primary revenue source. In October, it was reported that Northern Data planned to sell its cryptocurrency mining unit, Peak Mining.

Galaxy Research expects Bitcoin to retest $100K soon, driven by institutional adoption, nation-state reserves, and a pro-crypto U.S. administration.Bitcoin Bull Market Has More Room to Run, Says Galaxy ResearchBitcoin’s (BTC) bull market is far from over, with the cryptocurrency poised to break the $100,000 mark in the near term, according to a new report by Galaxy Research. The report highlights a combination of factors, including institutional adoption, potential nation-state reserves, and a supportive U.S. administration, as reasons for Bitcoin's continued ascent.Key Factors Driving Bitcoin’s Ascent1. Increasing Institutional and Corporate AdoptionInstitutions are adopting Bitcoin at unprecedented levels, driven by its potential as a store of value and inflation hedge.The recent introduction of Bitcoin ETF options has increased market liquidity and attracted institutional investors.2. Bitcoin as a Nation-State ReserveThe report speculates on the possibility of governments holding Bitcoin (BTC) as part of their national reserves, further bolstering its status as a global asset.3. Pro-Crypto U.S. AdministrationThe shift to a pro-crypto administration under President-elect Donald Trump is expected to create a favorable regulatory environment, spurring both retail and institutional demand.However, regulatory jitters from the outgoing Biden administration may cause short-term market volatility.Unique Market Setup Over the Next Two YearsBullish Market PositioningAlex Thorn, head of research at Galaxy, describes the current market conditions as “unique and bullish,” citing strong options market activity.The launch of ETF options has reduced volatility and improved liquidity, making the market more attractive for large-scale investors.Short-Term OutlookBitcoin (BTC) is trading at $94,600, up 2.8% on the day. The broader digital assets index, CoinDesk20 (CD20), rose more than 3%, reflecting overall market optimism.Challenges AheadGalaxy warns of potential hurdles:Regulatory Actions: The outgoing Biden administration could enact last-minute regulations that may unsettle markets.Market Volatility: While the long-term outlook is bullish, short-term corrections remain a possibility.Bitcoin Bull Market Set for New HighsWith robust institutional adoption, the potential for nation-state reserves, and favorable regulatory winds, Bitcoin is well-positioned to break through the $100,000 barrier. While challenges remain, the long-term setup suggests a unique and bullish trajectory over the next two years. according to CoinDesk.

Bitcoin’s (BTC) tight correlation with the global M2 money supply could prompt a 20% correction, says analyst Joe Consorti. Learn why opinions are divided on BTC’s outlook.Analyst Predicts Bitcoin Could Drop 20% Due to M2 CorrelationBitcoin’s (BTC) price may face a 20–25% correction if its long-standing correlation with the global M2 money supply continues, according to Joe Consorti, head of growth at Theya Bitcoin. This projection could see BTC retrace to $70,000, just days after narrowly missing the $100,000 milestone on Nov. 23.M2 Correlation and Bitcoin’s Price MovementsHistorical Correlation With M2Since September 2023, Bitcoin has tracked the global M2 supply — a measure of cash and short-term bank deposits — with a 70-day lag, according to Consorti.Increased M2 growth typically signals inflationary pressures, encouraging investors to buy Bitcoin as a hedge against inflation.Potential 20% CorrectionIf the correlation holds, BTC could correct to $70,000–$75,000, Consorti noted, adding:“We’ll have to see if BTC follows it all the way down or stops short and finds support.”Expert Insight: Lyn AldenMacroeconomist Lyn Alden supports the M2 correlation theory, noting Bitcoin moves in the direction of global liquidity 83% of the time over any 12 months.Divided Opinions on Bitcoin’s M2 DependencySkeptics Question CorrelationNot all analysts agree with Consorti’s forecast:David Quintieri, market commentator, dismissed the correlation, stating:“Bitcoin (BTC) is too volatile to track it against anything.”Glassnode’s James Check attributed recent M2 declines to dollar strength, which has skewed the correlation.Counterarguments on M2 DeclineCrypto analyst Sam KB pointed out discrepancies, stating:“M2 is nearly at the lowest point this cycle... but BTC is rallying. What am I missing?”Trump Policies and Dollar Strength: Implications for BitcoinImpact of Tariffs on USDDonald Trump’s tariff proposals could strengthen the U.S. dollar, historically placing downward pressure on risk assets like Bitcoin.Hedge fund manager Scott Bessent commented:“Tariffs cause a stronger dollar.”Bitcoin's Recent PerformanceBitcoin recently peaked at $99,571 on Nov. 23 but has since corrected to $91,988, raising concerns about its ability to reclaim six-figure territory in the short term.A Drop or a Pause Before $100K? Bitcoin’s (BTC) tight correlation with M2 money supply suggests a potential 20% retracement, but conflicting views highlight the market's uncertainty. While macroeconomic trends like a strong dollar could add pressure, Bitcoin’s (BTC) long-term bullish sentiment remains intact as it inches closer to the coveted $100,000 mark.

Bitcoin (BTC) has a 45% chance of surpassing $100K by the end of 2024, driven by strong market demand for call options and bullish sentiment. Learn more about BTC’s outlook.Bitcoin's Path to $100K: A Coin Toss?The probability of Bitcoin (BTC) hitting $100,000 by the end of 2024 has surged to 45%, according to the latest options data. Nearly half of Bitcoin (BTC) options traders are betting on a six-figure price, with some forecasting an ambitious $150,000, despite the cryptocurrency's recent pullback to $90,000.Key Market Indicators1. Options Market Signals Bullish SentimentCall Options Dominate: Call options—bets on price increases—account for 41.3% of trades, compared to 38.3% for puts (bets on price declines).Probabilities Breakdown:68% chance: BTC trades between $81,493 and $115,579 by year-end.5% chance: BTC drops below $70,000 or surges past $137,645.2. Current BTC Price and Outlook Bitcoin (BTC) is trading at $92,680, down 7% from its recent high of $99,541. Despite the dip, analysts suggest (BTC) is consolidating around the $90,000 range, a move considered healthy for the longevity of the bull market.Analysts Weigh In on Pullbacks and ProbabilitiesShort-Term Volatility ExpectedCryptoQuant CEO Ki Young Ju warned that even during parabolic bull runs, Bitcoin has historically experienced -30% corrections, as seen in the 2021 cycle. However, he emphasized:“This isn’t a call for a correction—just manage your risk and avoid panic selling at local bottoms. We’re in a bull market.”Bull Market ConsolidationProminent analyst PlanC supports a period of consolidation in the $90,000 range, stating:“It’s looking more and more likely that we could actually spend some time consolidating in the 90s. This would be the best-case scenario for the longevity of this bull market.”What the Options Market Says About Bitcoin's FutureStrong Demand for CallsNick Forster, founder of an onchain options DeFi protocol, noted robust demand for Bitcoin call options, which reflects confidence in upside potential:“Very few sellers signals a strong market appetite for both upside potential and downside protection.”Probabilities ShiftLast week’s 34% chance of Bitcoin surpassing $100,000 has risen to 45%.There is now a 4% probability of BTC hitting $150,000, driven by optimism in the options market.Bitcoin's Road to $100KWhile Bitcoin’s (BTC) rally toward $100K faces potential pullbacks, analysts and options data suggest that the milestone remains within reach. Consolidation in the $90,000 range could provide a solid foundation for the next leg up, with traders and investors continuing to eye six-figure targets, according to Cointelegraph.

Recent Bitcoin  (BTC) profit-taking is dominated by newer hodlers, while long-term investors hold steady. Learn why BTC remains resilient despite $550M ETF outflows.Bitcoin Profit-Taking Hits $2 Billion as New Hodlers SellBitcoin (BTC) experienced a surge in profit-taking, with over $2 billion realized in a single day, according to Glassnode’s latest “The Week Onchain” report. Despite this activity, long-term holders (LTHs) appear less inclined to sell, holding strong through recent price volatility.Key Insights from Glassnode Analysis1. New Hodlers Drive Selling PressureCoins held for 6 to 12 months accounted for 35.3% of total selling activity.These investors are likely newer entrants who acquired BTC after significant market events like the launch of U.S. spot Bitcoin ETFs.Long-term investors—those holding BTC for over a year—continue to hold, potentially waiting for prices beyond $100,000.2. Institutional ParticipationSpeculation suggests that the selling may be linked to institutional buyers who entered during the ETF wave and sought short-term profits.Institutional behavior contrasts with "diamond hands," as newer entrants often lock in gains during price surges.ETF and MicroStrategy Investors Feel the PinchETF Outflows Reflect Market SensitivityThe past two trading days recorded $550 million in cumulative outflows from U.S. spot Bitcoin ETFs, according to Farside Investors.Bitcoin's  (BTC) price dropped from $99,000 to $90,800 during this period, signaling the ETFs’ sensitivity to short-term price movements.MicroStrategy Stock SlumpBusiness intelligence firm MicroStrategy, known for its large Bitcoin treasury, saw its stock fall 35% in four days following BTC’s price dip.Despite the decline, MicroStrategy continues to add to its Bitcoin reserves, signaling long-term confidence.Long-Term Hodlers Remain ResilientLong-term holders exhibit minimal selling, underscoring their patience for higher valuations.Glassnode highlights that BTC “real veterans” remain steadfast, with the bulk of selling attributed to newer coins.What’s Next for Bitcoin? While short-term corrections and profit-taking are natural in bull markets, Bitcoin’s $100,000 milestone remains within reach. Analysts believe that sustained ETF inflows, increasing adoption, and continued hodler confidence will fuel the next rally.Bitcoin Resilience Amid Profit-TakingDespite significant profit-taking by newer investors, Bitcoin’s fundamentals remain strong. Long-term holders and institutional confidence signal that BTC is well-positioned to recover and push toward six-figure valuations, according to Cointelegraph.

Bitcoin (BTC) could face a 20–30% correction before breaching the $100K mark, analysts say. Learn why ETF inflows and institutional interest remain pivotal for BTC's next leg up.Bitcoin Faces Potential Correction Before $100,000 MilestoneBitcoin’s (BTC) bullish run toward the six-figure mark could face a 20–30% correction, according to market analysts. Currently trading at $96,656, BTC is down 7% from its all-time high of $99,800 reached on Nov. 22, based on Cointelegraph data.Analysts Weigh the Correction ScenarioHistorical Trends Suggest a 30% PullbackRyan Lee, chief analyst at Bitget Research, believes Bitcoin’s journey to $100,000 could involve intense corrections, noting:“Historical data trends show that Bitcoin may still correct as much as 30% before it reaches its cyclical top.”A 30% retracement from $99,800 would hypothetically bring BTC below $70,000, offering a potential re-entry point for investors.Market Equilibrium Ahead of Next RallyBitfinex analysts attribute the current correction to slowing ETF inflows and MicroStrategy’s pause in Bitcoin purchases. They added: “It is quite normal for the price to undergo some correction and seek out a new supply-demand equilibrium as marginal buying ends.”Why $100K Is Still Within ReachInstitutional Adoption and ETF FlowsDespite temporary outflows, U.S. spot Bitcoin (BTC) ETFs are expected to regain momentum, providing a catalyst for Bitcoin’s next leg up. Bitfinex analysts emphasized:“Renewed ETF buying and MicroStrategy’s latest $2.6 billion note sale will bolster cryptocurrencies to new all-time highs leading into 2025.”A Paradigm Shift in FinanceIntergovernmental blockchain expert Anndy Lian sees $100,000 as more than a price milestone:“As global adoption accelerates and institutional interest deepens, $100,000 symbolizes a paradigm shift in how we perceive and utilize money.”Key Factors to WatchShort-Term Risks Potential Correction: 20–30% pullback to $70,000–$75,000 range.ETF Outflows: Cumulative outflows of $122 million on Nov. 26 suggest near-term sluggishness.Long-Term DriversETF Resurgence: Renewed inflows expected to drive BTC’s price higher.Institutional Buying: MicroStrategy’s continued Bitcoin accumulation remains a bullish factor.A Temporary Setback for Long-Term GainsBitcoin’s path to $100,000 may include a significant correction, but analysts remain confident in its long-term prospects. As ETF flows recover and institutional interest deepens, BTC appears well-positioned to not only reach six figures but also redefine the future of digital finance, according to Cointelegraph.

Analysts project a $132K Bitcoin rally in 2025, driven by a weakening US dollar, growing M2 money supply, and renewed market confidence post-Trump victory.Bitcoin Poised for $132,000 Surge as Macro Trends AlignBitcoin (BTC) could be gearing up for a bullish 2025, with analysts projecting a price target of $132,000 based on a combination of macroeconomic factors. The cryptocurrency has already gained 58% since May 2024, when the global M2 money supply turned positive year-over-year, driving renewed interest in Bitcoin as a hedge against inflation.BTC briefly touched $99,800 on Nov. 22 before a 7% correction, but analysts remain optimistic about its long-term trajectory.Key Drivers Behind Bitcoin’s 2025 Bullish Outlook 1. Growing M2 Money SupplyThe global M2 money supply is expected to rise by 18% in 2025, fueled by the U.S. Federal Reserve’s liquidity injections, increasing from $107 trillion to over $127 trillion.This monetary expansion aligns with Bitcoin’s historic correlation with M2, which has consistently supported its price growth.Analyst Jamie Coutts predicts that Bitcoin could breach $132,000 in 2025, while emphasizing that Bitcoin’s price cycles are non-linear, leaving room for even higher valuations.2. Weakening US Dollar IndexThe US Dollar Index (DXY), currently at a major resistance level, is showing signs of weakness.Jamie Coutts noted that further DXY declines would bolster risk assets, including Bitcoin.A weaker dollar historically correlates with Bitcoin price rallies, as investors seek alternative stores of value.3. Trump Victory Fuels Market OptimismDonald Trump’s Nov. 5 U.S. presidential election victory has rekindled investor confidence in risk assets.Analysts expect the Trump administration to usher in crypto-friendly regulations, further boosting the market.Bitfinex analysts forecast new highs for crypto assets in 2025, citing regulatory tailwinds.Institutional Adoption and Network Activity Support Bullish CaseMicroStrategy Bitcoin AccumulationMicroStrategy continues its aggressive Bitcoin acquisition strategy, with plans to purchase over $40 billion worth of BTC by 2025.The company has so far completed 29% of its acquisition goal, reinforcing Bitcoin’s long-term demand.Rising Adoption MetricsBitcoin’s (BTC) daily active addresses are nearing one million, a level last seen in 2019, reflecting growing network activity and adoption.Potential Risks to Bitcoin’s Rally1. Resistance in DXYA breakout above the DXY’s current resistance could reverse Bitcoin’s bullish momentum, as a stronger dollar would dampen risk asset performance.2. Market VolatilityAnalysts warn of a potential 30% retracement in the short term, particularly if bearish forces dominate following the recent correction.Bitcoin’s Path to $132,000 and BeyondWith a weakening US dollar, growing money supply, and supportive macroeconomic factors, Bitcoin (BTC) appears well-positioned for a strong rally in 2025. Institutional adoption and increasing user activity further reinforce the bullish narrative, making BTC’s $132,000 projection a realistic milestone.Related Articles: U.S. Dollar Index Rises Following PCE Data ReleaseIs Bitcoin (BTC) Heading for a Crash or a Comeback? Analysts Weigh InBitcoin Eyes $100,000 as Bulls Target $95K Reclaim

MIAX Sapphire now offers Bitcoin ETF options alongside Nasdaq and NYSE. Discover the significance of this move for institutional adoption and BTC holders.MIAX Sapphire Lists Bitcoin ETF Options Amid Growing DemandMIAX Sapphire Options Exchange has officially entered the Bitcoin exchange-traded funds (ETF) options market, listing options for three major Bitcoin ETFs: Grayscale Bitcoin Trust (GBTC), Grayscale Bitcoin Mini Trust (BTC), and Bitwise Bitcoin ETF (BITB). This move follows a Nov. 25 regulatory filing that approved the rule changes necessary to offer these derivatives.By joining Nasdaq and the New York Stock Exchange (NYSE) in listing Bitcoin ETF options, MIAX Sapphire expands its offerings in the burgeoning cryptocurrency derivatives market.Key Developments in Bitcoin ETF OptionsApproval Timeline September 2024: The SEC approved options on iShares Bitcoin Trust ETF (IBIT) for Nasdaq’s electronic exchange.October 2024: SEC extended similar authorizations to NYSE and Cboe.November 2024: The CFTC and OCC cleared the final regulatory hurdles, enabling full listing of Bitcoin ETF options.Market Momentum On Nov. 18, the first day of trading Bitcoin ETF options, BlackRock’s IBIT options contracts recorded nearly $2 billion in total exposure. This success highlights growing institutional interest in Bitcoin (BTC) derivatives.Implications for Institutional AdoptionA Boost for Institutional InvestorsThe launch of Bitcoin ETF options on regulated U.S. exchanges marks a significant step toward mainstream adoption. The involvement of the Options Clearing Corporation (OCC) ensures counterparty risk is mitigated, making the market more attractive to institutional investors.Investor OpportunitiesCall and Put Options: Traders gain flexibility to hedge against volatility or speculate on price movements.BTC Holder Upside: According to Jeff Park, head of alpha strategies at Bitwise Invest, these derivatives could unlock “extraordinary upside” for Bitcoin holders.Bitcoin ETFs by the NumbersSpot BTC ETFs: Listed in January 2024, surpassing $100 billion in net assets by November.Options Trading Volume: $2 billion in exposure on day one for BlackRock’s IBIT.Broader Adoption: Investment managers expect Bitcoin ETF options to accelerate institutional involvement significantly.A Monumental Advancement in Crypto MarketsThe introduction of Bitcoin ETF options on MIAX Sapphire, Nasdaq, and NYSE solidifies the role of regulated derivatives in crypto markets. By offering a safe and structured trading environment, these products pave the way for wider adoption, creating compelling opportunities for both institutional and retail investors.

Bitcoin (BTC) gains 4% as macro data boosts market sentiment. Analysts renew six-figure BTC price calls with $95,000 as key support.Bitcoin Gains Momentum, Eyes $95,000 as Macro Data Supports BullsBitcoin (BTC) saw a confident rebound on Nov. 27, gaining nearly 4% to reclaim losses from earlier in the week. Trading at approximately $96,677, BTC is seeking to reestablish support at $95,000, buoyed by optimism surrounding U.S. macroeconomic data.Renewed market strength followed the release of key indicators, including jobless claims and the Federal Reserve’s Personal Consumption Expenditures (PCE) Index, which aligned with market expectations. The likelihood of a 0.25% interest rate cut in December rose to 66%, according to CME Group’s FedWatch Tool.Order Book Liquidity Supports Bullish SentimentMarket DynamicsOrder book liquidity remains wide, with demand laddered down to $85,000, according to trader Skew.Reduced sell-side liquidity on Binance helped fuel BTC’s recovery.Passive Buying Activity Market commentary noted significant passive buying, with Skew explaining, "Passive buyer bought into both LTF lows," signaling strong interest near recent price troughs.MACD Indicator Signals $100,000 BTC Price Short-Term ResistanceWhile optimism around Bitcoin’s trajectory builds, some analysts caution against an immediate six-figure target. Monitoring resource CoinGlass highlighted a sell wall at $100,000, suggesting deliberate resistance at this milestone.Bullish CrossoverOn the other hand, Bitcoin’s 4-hour MACD indicator is on the brink of a bullish crossover, with social media analyst Bitcoin Munger confidently stating, “$100k is coming whether you like it or not.”Market Sentiment in a Bull MarketFellow trader Roman reflected the prevailing optimism, emphasizing Bitcoin’s bull market status:“Once the calls for $70K were becoming loud, it was obvious we’d get a clean upward move.”Bitcoin’s price action continues to defy bearish calls, as analysts point to a robust long-term outlook amid macroeconomic and technical tailwinds.Key Levels to WatchSupport Levels: $95,000 (psychological level), $85,000 (order book demand).Resistance Levels: $100,000 (major sell wall).Indicators: 4-hour MACD bullish crossover, wide liquidity landscape.Six-Figure BTC in Sight?With $95,000 reclaim efforts underway, Bitcoin (BTC) appears positioned for further gains, backed by strong market sentiment and technical signals. While immediate six-figure levels face resistance, the trajectory remains bullish, making $100,000 a likely target in the coming months.Related Articles:Is Bitcoin (BTC) Heading for a Crash or a Comeback? Analysts Weigh InU.S. Dollar Index Rises Following PCE Data ReleaseBitcoin Faces Potential Decline Amid MicroStrategy's Buying Strategy

According to Binance Market Data, Bitcoin (BTC) crossed the 97,000 USDT benchmark and is now trading at 97,090.34375 USDT, with a 6.00% increase in 24 hours.

Ken Sim, Vancouver’s mayor since 2022, has announced plans to integrate Bitcoin (BTC) into the city’s financial strategy. During a Nov. 26 council meeting, Sim proposed a motion titled “Preserving the city’s purchasing power through diversification of financial resources: Becoming a Bitcoin-friendly city.” The motion, set for introduction on Dec. 11, suggests adding Bitcoin to Vancouver's balance sheet as a reserve asset.The motion aims to diversify the city’s investments while exploring innovative financial strategies. This move aligns with similar discussions in U.S. local governments, where lawmakers are considering Bitcoin reserves post-2024 elections.Ken Sim’s Crypto-Friendly BackgroundDuring his 2022 mayoral campaign under the “A Better City” party, Sim accepted crypto donations, signaling his commitment to technology and innovation. A visible copy of Saifedean Ammous’s "The Bitcoin Standard" in his City Hall office further underscores his interest in Bitcoin adoption.Challenges and ImplicationsSupport in City CouncilIt remains uncertain whether the motion will gain enough backing to pass in the Vancouver City Council. Sim’s track record shows 70% fulfillment of his campaign promises, lending credibility to his efforts.Broader ContextIf adopted, Vancouver would join global efforts to embrace cryptocurrency, potentially enhancing the city’s economic diversification and technological reputation. However, opposition may arise due to Bitcoin’s volatility and regulatory uncertainties.A Step Toward Financial Innovation?Ken Sim’s proposed motion could position Vancouver as a pioneer in municipal Bitcoin adoption. As the Dec. 11 council session approaches, the crypto community and local stakeholders will closely watch for the outcome of this bold initiative, according to Cointelegraph.

Bitcoin (BTC) attempts a soft recovery after dropping below $95,000 on Nov. 25, breaking an ascending broadening wedge pattern. Despite finding support at the 100-day EMA, combined overhead resistance at the 50-day EMA and $95,000 may hinder its rebound toward $99,000.Diverging Analyst Predictions on BTC’s Next MoveBullish Targets: $100,000 and Beyond Independent analyst Javon Marks predicts BTC could still hit $113,386, a 20.7% increase from current levels, citing historical trends and on-chain data. Bitcoin (BTC) researcher Axel Adler Jr. adds that low "Value Days Destroyed" metrics reflect strong holder confidence, keeping the market bullish.Bearish Outlook: Potential Drop to $73,000Ran Neuner, founder of Crypto Banter, warns of a possible drop to $73,000 within 21 days if BTC breaches key support levels. Technical analyst Cryptotoad also signals "lower numbers" due to the current impulse wave structure.Mid-Range Retest: $88,500 to $82,000Commodities trader Horse suggests BTC could bounce between $88,500 and $82,000, based on auction market theory and volume profile analysis.Thanksgiving Volatility: A Historical Pattern Historically, Bitcoin (BTC) has shown mixed performance during Thanksgiving week. While Wednesdays often lean bullish, Thanksgiving corrections are common, with notable dips recorded from 2019 to 2023. If BTC fails to reclaim $95,000 within the next 24 hours, volatility could pull prices toward the $90,000 liquidity zone.Key Technical Levels to WatchSupport: $90,000 (liquidity zone), 100-day EMA.Resistance: $95,000 (psychological level), 50-day EMA.Upside Target: $113,386 (historical trend).Downside Target: $73,000 (CME gap).Conclusion: Bulls or Bears—Who Will Win?As Bitcoin teeters near critical levels, the next 24-48 hours will determine its short-term direction. Whether BTC reclaims $95,000 or succumbs to Thanksgiving volatility, its trajectory will set the tone for December’s market trends, according to Cointelegraph.

According to Binance Market Data, Bitcoin (BTC) crossed the 96,000 USDT benchmark and is now trading at 96,111.257813 USDT, with a 1.93% increase in 24 hours.

According to Binance Market Data, Bitcoin (BTC) crossed the 95,000 USDT benchmark and is now trading at 95,025.4375 USDT, with a 2.33% increase in 24 hours.

According to U.Today, Bitcoin critic Peter Schiff has recently expressed concerns about the potential impact on Bitcoin's price once MicroStrategy concludes its aggressive purchasing strategy. Schiff highlighted that MicroStrategy has already invested $10 billion in Bitcoin and plans to spend a total of $42 billion over three years. However, he suggests that this plan might be completed sooner than anticipated, leading to a significant drop in Bitcoin's price due to the loss of a major demand source.Schiff's skepticism towards Bitcoin is well-known, and he argues that institutional buying, particularly by MicroStrategy, plays a crucial role in Bitcoin's price determination. While large purchases can influence market sentiment, attributing Bitcoin's entire valuation to a single entity's buying activity is an oversimplification. MicroStrategy's acquisitions represent only a fraction of the global Bitcoin transaction volume. Various factors, including adoption rates, investor sentiment, and macroeconomic conditions, also influence Bitcoin's price. Even if MicroStrategy halts its acquisitions, other institutional and individual investors could potentially fill the demand gap.Currently, Bitcoin is trading near $93,000, having recently retreated from the $100,000 psychological level. The Relative Strength Index (RSI) indicates a cooling from high levels, suggesting a healthy retracement after an overbought rally. Bitcoin may test lower support levels at $87,000 and $85,000 if the crucial $90,000 support level is breached. To revive bullish sentiment, Bitcoin needs to gain momentum and surpass the $95,000 mark. Despite a slight decline in trading volume indicating investor hesitancy, the trend remains positive as long as key support levels hold.While Schiff's concerns about MicroStrategy's influence are valid, a total collapse of Bitcoin is unlikely due to its decentralized nature and diverse demand. The next significant price movement will depend on a clear breakout or breakdown, as current price action suggests consolidation.