$BTC Here is amazing talk about bitcoin trending$BTC
The current price of Bitcoin is $104,885.29, with a market cap of $2.07 trillion ¹. However, traders are warning of a potential price drop to $97,000 due to a "bear flag" pattern on the four-hour chart ². This pattern suggests a bearish continuation, which could lead to a breakdown below the $100,000 psychological level and the yearly opening at around $92,000.
In other news, Meta shareholders have rejected a proposal to add Bitcoin to the company's balance sheet, with only 0.08% of votes in favor ³. This decision comes despite some experts arguing that investing in Bitcoin could be a hedge against inflation.
On a more positive note, publicly traded firms are increasingly adding Bitcoin to their balance sheets. According to (link unavailable), 116 public companies have invested in Bitcoin, with MicroStrategy leading the way with 580,250 Bitcoin worth $60.9 billion ³.