Bitcoin Price Today: $95,300
- Bitcoin retraces to $95,000 on Monday after recovering from last week’s pullback.
- MicroStrategy co-founder Michael Saylor emphasized Bitcoin’s role as the next technological wave, urging Microsoft to address it strategically.
- US spot Bitcoin ETFs recorded a mild outflow of $136.5 million last week, while Binance’s stablecoin reserves hit a new all-time high.
Bitcoin (BTC) trades slightly lower near $95,500 as institutional demand shows mixed signals. Traders should monitor key catalysts, including Microsoft’s upcoming shareholder vote on a Bitcoin proposal.
👉 Why Bitcoin’s institutional adoption could redefine tech investments
Volatility Expected Ahead of Microsoft’s December 10 BTC Vote
Bitcoin price dipped 0.73% last week, briefly testing $90,791 before recovering to $97,185. Renewed bullish momentum hinges on Microsoft’s December 10 vote to potentially add BTC to its balance sheet.
Key Insights:
- Michael Saylor’s Pitch: He framed Bitcoin as a critical wave Microsoft "can’t afford to miss," aligning with shareholders like Vanguard and BlackRock’s existing crypto exposure.
- ETF Outflows: US spot Bitcoin ETFs saw $136.5 million in outflows last week, though Binance’s stablecoin reserves surged to $28 billion—a bullish liquidity signal.
Institutional flows and stablecoin liquidity often precede major BTC price movements.
Bitcoin Price Prediction: $100K or $90K?
Bitcoin’s recent correction tested support at $90,000, with current RSI (61) and MACD indicators suggesting weak bullish momentum.
Scenarios:
- Bearish Breakdown: A drop below $95,000 could retest $90,000 support.
- Bullish Breakout: Holding above $95,500 may propel BTC toward its all-time high ($99,588) and the $100K psychological barrier.
FAQs
1. What drives Bitcoin’s price volatility?
Bitcoin reacts to institutional inflows, macroeconomic trends, and regulatory developments. Events like Microsoft’s vote amplify short-term volatility.
2. How do stablecoin reserves impact BTC?
High reserves (e.g., Binance’s $28B) indicate liquidity influxes, often fueling bullish rallies.
3. Could Microsoft’s BTC adoption trigger altcoin rallies?
Yes. Institutional Bitcoin adoption often boosts investor confidence in broader crypto markets, including altcoins.
👉 Explore how Bitcoin dominance shapes crypto trends
Disclaimer: This analysis reflects market conditions at publication and is not investment advice. Conduct independent research before trading.
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