BITPRISMIA
Bitcoin CME futures pushed above the $100,000 market, but BTC’s spot price struggles to mirror the move.
Bitcoin price rallied over 58% since May, when the M2 money supply turned positive year-over-year for the first time since November 2023.
The growing network activity is a promising sign for Bitcoin’s battle toward the historic $100,000 mark, which was just $200 away on Nov. 22.
Bitcoin price inches closer to $100,000 where market participants have built $300 million in sell walls. Will BTC clear the $100K hurdle?
The Bitcoin price started falling 30 minutes before the options expiry, but market watchers don’t expect significant downside.
MicroStrategy upsizes its note sale to $2.6 billion to fund Bitcoin purchases, boosting confidence in BTC’s price reaching the $100,000 milestone.
Expectations of improving economic policies under the Trump administration may drive Bitcoin’s price above $100,000 before the end of the month.
The analyst’s predictions come shortly after Bitcoin staged the best weekly return since the 2023 US banking crisis.
Markets are bracing for post-election volatility, which may take Bitcoin as high as $100,000 before 2025.
The latest market analysis suggests that if Bitcoin’s MVRV ratio continues to increase, BTC price could be in the six-figure range by 2025.