Between November 25 and December 2, the bitcoin price failed to break the $98,000 mark. Nevertheless, we have seen an impressive one-month increase of almost 40%. Some market participants may fear that a prolonged consolidation below the psychologically important level of $100,000 could trigger selling, putting pressure on the price. Partially, the situation will also depend on the news from the US, which has an impact on the dollar. For this reason, it is necessary to monitor the behavior of the markets after significant publications this week.

Market Behavior

However, despite the fact that the price is near an all-time high, some institutional market participants continue to gain ground. In particular, MicroStrategy added 15,400 bitcoins to its position between November 25 and December 1, spending $1.5 billion raised through stock sales.