As #Bitcoin ’s price resurfaces above the $98,000 mark, its market cap is closing in on the $2 trillion valuation once again. Over the past 24 hours, Bitcoin has increased by 4.56%, signaling a bullish recovery. 
Amid the BTC price surge, the crypto market is witnessing dramatic rebounds in altcoins, driving liquidations from shorts to $149.46 million. However, the total liquidation has reached $252.67 million, including $103.22 million worth of long-side liquidation.

BTC Price Analysis

In the 4-hour chart, BTC’s price action showcases a double-bottom reversal from the crucial support of the $93,000 level. As predicted in our previous article, BTC bounced back to surpass the $97,000 level with a morning star pattern on the daily chart. 
Currently, the double-bottom reversal in the 4-hour chart is testing the neckline at the $99,000 level. 
The bullish recovery has resulted in a positive crossover between the 20 and 200 EMA lines. Meanwhile, the current price action ranges between 50 and 100 EMAs in the 4-hour chart. 
Furthermore, the 4-hour RSI line has crossed above the halfway level, signaling a boost in buying pressure. Hence, the technical indicators are gradually turning bullish, increasing the chances of a breakout rally. 

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Business intelligence firm MicroStrategy has further augmented its #Bitcoin bag with a much-expected 5,262 BTC purchase on Monday.
MicroStrategy’s chairman, Michael Saylor, confirmed the latest acquisition in a tweet on Monday. The software development firm extended its weekly acquisition streak by purchasing 5,262 BTC ($561 million).
According to the announcement, MicroStrategy bought the bitcoins at an average price of $106,662 per coin, bringing its total to 442,262 BTC ($42 billion).

MicroStrategy Extends Its Weekly Bitcoin Purchase Streak

Meanwhile, MicroStrategy has announced Bitcoin acquisitions for seven consecutive weeks as its appetite for the premier asset reaches insane levels. The firm resumed the streak on November 11 with a purchase of 27,200 BTC ($2.03 billion) and has accrued 192,042 BTC since then.
MicroStrategy’s Bitcoin average cost now stands at $62,226, with the firm spending $27.64 billion to acquire its 442,262 BTC. This indicates that the pro-Bitcoin firm has a lifetime portfolio unrealized profit of $14.57 billion.
Notably, the crypto community expected the Monday announcement. Enthusiasts have uncovered a trend in which Saylor mentions a desire to add new dots to MicroStrategy’s portfolio tracker before making a buy announcement the following day.
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Tron founder Justin Sun has moved a total of 20 billion Shiba Inu (SHIB) to Poloniex, an exchange affiliated with his crypto empire.

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Shytoshi Kusama, Shiba Inu's lead developer, expresses gratitude for collaborating with new partner Zama. The partnership promises enhanced security and privacy for SHIB transactions, igniting excitement in the community.

#SHIBA✅🚀 #SHIBA_INU #Crypto #CryptoNewsFlash #CryptonewswithJack