#BTCPrediction

During the last week, Bitcoin (BTC) has shown a remarkable recovery, reaching $98,745, its highest level in over two months, approaching the psychological threshold of $100,000. This surge is attributed to reports about the possible introduction of spot cryptocurrency trading by Morgan Stanley on its E*Trade platform and the intention of Strategy (MSTR), the largest corporate holder of Bitcoin, to acquire more BTC through a $21 billion stock offering.

Despite this momentum, analysts warn of a possible correction. Bitcoin network activity has decreased, with a 51.64% drop in large transactions and a 56.70% reduction in capital inflows to the cryptocurrency market. Key support is at $90,000; if broken, the price could drop to $87,500.

In the long term, the outlook remains optimistic. Analysts like Alex Thorn from Galaxy Digital predict that Bitcoin could surpass $150,000 in the first half of 2025, driven by increased institutional adoption and favorable policies from the U.S. government, such as the creation of a Strategic Bitcoin Reserve.

In summary, while Bitcoin has shown significant recovery this week, investors should be alert to potential short-term corrections, while the long-term outlook remains promising.