Bitcoin may rise above $100,000
According to Juan Pellicer, a senior researcher at IntoTheBlock, December will be bullish for Bitcoin. This optimism is tied to "unprecedented institutional demand through inflows into BTC-ETF," which will drive the coin's price above $100,000.
"We are observing a very favorable scenario for Bitcoin as December approaches, primarily due to unprecedented institutional demand through inflows into Bitcoin-ETF. This surge in institutional participation, combined with a noticeable easing of macroeconomic pressure, creates favorable conditions for a breakthrough of $100K. The current market structure suggests strong accumulation phases," the analyst said in an interview with BeInCrypto.