Bitcoin's price is currently above $99,000, although the anticipated cryptocurrency market rally has yet to start. This week may bring developments impacting volatility.
Market Overview
Today, MicroStrategy announced a new BTC purchase, but the typical price dip has yet to begin. Will the market delay or surprise traders again?
Key Insights from QCP Capital
QCP Capital experts noted a positive start to the week, as BTC aims for the $100,000 mark. The cryptocurrency faces a selling wall intensified in December.
Potential Changes for Cryptocurrencies
As January 20 approaches, more details about Trump's economic policies are expected, increasing volatility. BTC's inability to sustain six-figure levels misleads many to expect corrections below $86,000.
The ongoing upward trend and potential regulatory relief set conditions for further cryptocurrency growth, despite current price fluctuations.