Weekly BTC forecast: $100K reclaimed

Bitcoin briefly fell below $94,000 this week but rebounded rapidly, settling around $100,000 on Friday.

While mood was divided this week, institutional demand added $1.72 billion till Thursday.

The COO of Indian crypto exchange Giottus told FXstreet that investors benefit from adding Bitcoin to a company's balance sheet.

BTC pulled down largely owing to high-leverage traders and holders taking gains. Microsoft rejected adding Bitcoin to its financial sheet, but institutional demand remained high, with $1.72 billion flowing till Thursday.

This week, bitcoin fell 3.49% to $94,150 on Monday. The decline caused over 562,801 traders to liquidate, totaling $1.69 billion and more over $180 million in BTC, according to CoinGlass.

A K33 analyst claims traders "piled into leverage longs, which were quickly punished as price reversed in a liquidation cascade" after the recent spike over 100K.

Santiment's Network Realized Profit/Loss (NPL) reveals certain holders made money on Monday besides leverage. From Sunday to Monday, NPLs increased 8 times from 743.2 million to 5.95 billion. This increase suggests holders were profiting.

Bitcoin's price plummeted after Microsoft shareholders rejected a plan to incorporate Bitcoin to the company's balance sheet on Tuesday.

The concept indicated BTC may hedge inflation. Microsoft's board rejected it, citing crypto's volatile price changes and preference for its current investing strategy.

Vijay says MicroStrategy succeeded with Bitcoin in its financial sheet, and Metaplanet followed suit.

Vijay recognizes its financial benefit to investors to add Bitcoin to a company's balance sheet.“I always recommend one or two crypto percentages. Probably also for companies.

Vijay is convinced that at least 10,000 listed firms globally will confront a similar predicament as Microsoft did with its shareholders, being asked why they didn't invest in Bitcoin at $100,000. Executives feel US politics is crucial to these developments.

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