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Bitcoin Price Exceeds $99,000: A Historic Milestone

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by A1

a day ago


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.

We are starting the week positively as BTC aims for the $100,000 mark. This time, funding levels remain stable, and we do not expect significant pressure in the near term.

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.

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