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<p>Bitcoin (BTC) is on the cusp of a historic breakthrough, approaching the coveted $100,000 milestone. With fresh all-time highs (ATH) of $98,288 recorded on November 21, driven by unprecedented institutional interest and a liquidity surge, the cryptocurrency market is experiencing a wave of optimism.</p><h3 id="strong-bitcoin-hits-ath-amid-record-stablecoin-inflows-strong"><strong>Bitcoin Hits ATH Amid Record Stablecoin Inflows</strong></h3><p>BTC’s bullish momentum saw its price climb to $98,288, reflecting a 6% increase in the last 24 hours. This surge follows record-breaking stablecoin inflows of $9.7 billion in the past 30 days, signaling renewed investor interest and capital influx into the crypto market.</p><p>According to <a href="https://x.com/LeonWaidmann/status/1859503367321739344" rel="noopener noreferrer nofollow">Leon Waidmann</a>, head of research at The Onchain Foundation, these inflows indicate speculative demand and increasing liquidity, potentially setting the stage for Bitcoin to cross the $100,000 threshold by the end of November.</p><p>“Stablecoin inflows are a critical on-ramp for investors, and this level of liquidity suggests strong buying pressure ahead,” Waidmann explained.</p><h3 id="strong-the-role-of-the-bitcoin-industrial-complex-strong"><strong>The Role of the Bitcoin Industrial Complex</strong></h3><p>Contributing to the rally is the &#34;<a href="https://x.com/EricBalchunas/status/1859349948103524409" rel="noopener noreferrer nofollow">Bitcoin Industrial Complex</a>,&#34; a term describing the interconnected ecosystem of Bitcoin-related equities, ETFs, and institutional investment vehicles. The complex hit an all-time trading volume of $50 billion, driven largely by MicroStrategy (MSTR), which alone accounted for $32 billion.</p><p><a href="https://x.com/EricBalchunas/status/1858981309785485392" rel="noopener noreferrer nofollow">Eric Balchunas</a> of Bloomberg noted, &#34;MSTR becoming the most-traded stock in the U.S. underscores the growing convergence between traditional finance and crypto.&#34;</p><p>Additionally, MicroStrategy’s recent purchase of 51,780 BTC, worth $4.6 billion, brought its holdings to an unprecedented 331,200 BTC, reinforcing its dominance in corporate Bitcoin adoption.</p><h3 id="strong-market-sentiment-turns-bullish-strong"><strong>Market Sentiment Turns Bullish</strong></h3><p>Bitcoin’s upward trajectory is also being fueled by a surge in ETF inflows, with spot Bitcoin ETFs recording cumulative net inflows of $1.85 billion for the week. Meanwhile, the “Bitcoin teleportation effect,” as described by traders, refers to the psychological and financial dynamics pushing BTC past key resistance levels.</p><p>&#34;Once <a href="https://icogemhunters.com/bitcoin-to-125k-how-the-u-s-election-could-send-crypto-markets-soaring/" rel="noopener noreferrer nofollow">Bitcoin breaches $100K</a>, we may witness FOMO-driven price &#39;teleportation,&#39; with new all-time highs coming faster than expected,&#34; noted Capriole Investments founder Charles Edwards.</p><h3 id="strong-challenges-ahead-liquidity-and-resistance-strong"><strong>Challenges Ahead: Liquidity and Resistance</strong></h3><p>Despite the optimism, some analysts urge caution. Material Indicators observed significant sell-side liquidity at the $100,000 level and a thin bid liquidity below $91,000, suggesting potential volatility.</p><p>Trading expert Skew remarked, &#34;Large sellers are likely to defend $100,000 aggressively. However, if buying pressure overwhelms, Bitcoin could break through and sustain its parabolic move.&#34;</p><h3 id="strong-altcoin-season-on-hold-strong"><strong>Altcoin Season on Hold</strong></h3><p>Bitcoin’s dominance, which now exceeds 59%, has kept altcoins in check, delaying the long-anticipated “altseason.” Historical trends suggest altcoins typically rally only after Bitcoin stabilizes or retreats from ATH levels, allowing capital to flow into smaller assets.</p><h3 id="strong-looking-ahead-will-bitcoin-break-100k-strong"><strong>Looking Ahead: Will Bitcoin Break $100K?</strong></h3><p>As BTC inches closer to six figures, market participants are watching critical support levels around $91,000 while eyeing the $102,000 Fibonacci extension as the next major resistance. Analysts agree that Bitcoin’s momentum, bolstered by institutional interest and record stablecoin inflows, could soon catapult it into uncharted territory.</p><p>For now, all eyes are on Bitcoin as it flirts with the $100,000 mark, poised to solidify its place as one of the world’s most influential financial assets.</p><p><strong>Disclaimer:</strong> This article is intended for informational purposes only and should not be construed as legal, tax, investment, financial, or any other form of advice.</p><p><em>Source: </em><a href="https://icogemhunters.com/bitcoin-soars-to-98k-will-it-break-100k-this-week/" rel="noopener noreferrer nofollow">ICO Gem Hunters</a></p>

Bitcoin Soars to $98K – Will It Break $100K This Week?

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