And what about the BULL MARKET? Bitcoin bulls are keeping up the pressure, with the price attempting to break past $95,000. The launch of BlackRock’s spot Bitcoin ETF options, the iShares Bitcoin Trust ETF (IBIT), on November 19, was an instant success.

Bloomberg ETF analyst James Seyffart noted on X that IBIT options recorded approximately $1.9 billion in notional exposure, which may have contributed to Bitcoin reaching a new all-time high on November 19.

With Bitcoin’s price nearing $100,000, MicroStrategy, the largest corporate holder of Bitcoin, shows no signs of slowing down its acquisitions. The business intelligence firm announced plans to raise $2.6 billion through senior convertible notes to purchase more Bitcoin and cover general corporate needs.

While many analysts remain optimistic about Bitcoin’s future, onchain analysis service CryptoQuant warned on X that five indicators suggest Bitcoin might be approaching a local top.

Will Bitcoin surpass $100,000 and ignite strong interest in altcoins?