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Microsoft’s decision could be the next big catalyst for the price of Bitcoin.
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In the long term, the bullish fundamentals for bitcoin remain in force, regardless of this news.
The bitcoin (BTC) market remains expectant as a key date approaches. Next December 10, in just one week, Microsoft shareholders will vote on whether the company should consider (or not) a formal evaluation of bitcoin investment.
It should be noted that this vote does not imply a direct purchase decision, but rather a previous step that could set the course of the relationship between the third largest company in the world and the most relevant digital asset.
The price of bitcoinafter touching historical highs close to $100,000, has been oscillating in a range above $90,000 for two weeks. This “lateralization” behavior is typical after a significant bullish movement.: The market takes a breather, traders adjust positions and investors wait for the next big catalyst. And that’s where Microsoft comes in.
The simple fact that the shareholders of a company of Microsoft’s caliber are discussing a possible evaluation about bitcoin says a lot about the place this asset occupies in the global financial landscape. In recent years, we have seen steady growth in institutional bitcoin adoptionwith giants like Tesla, MicroStrategy and Block (formerly Square) incorporating it into their investment strategies.
The following image, provided by the BitcoinTreasuries portal, shows the publicly traded companies with the largest amount of BTC in their treasuries:
Publicly traded companies with the largest amount of bitcoin in their treasuries. Source: BitcoinTreasuries.
Microsoft could be the next big name on this list, or at least open the door for it. For this reason, The December 10 vote will be a big driver for the next movements in the price of bitcoin.
Until then, the price is likely to remain in the current range, as investors speculate on the outcome of this vote and what it could mean for the institutional adoption narrative.
Bitcoin (BTC) price since November 1st. Fountain: TradingView.
Yes indeed, What happens after the announcement will depend both on the result and how the market interprets it. A positive signal—such as a “yes” to evaluating the investment—could generate strong bullish momentum, given Microsoft’s size and influence. On the contrary, a negative or unclear decision could keep the market in its current state of consolidation.
This news, although relevant, is only one link in the chain of events that have positioned bitcoin as an asset of global interest. As journalist Jesús Herrera stated for CriptoNoticias, institutional adoption It’s not a fad; It has become a structural movement.
As companies from different sectors explore how bitcoin fits into their strategies, the market continues to show its ability to capture the attention of not only retail enthusiasts, but also corporate giants.
What if Microsoft is not interested in bitcoin?
If Microsoft is not interested in evaluating the possibility of investing in bitcoin (which may happen), there will probably be a decline in the price after knowing the decision of the shareholders meeting.
Anyway, In the medium and long term, the bullish fundamentals for the digital currency remain in force. Nothing changes. Microsoft is probably missing out on a huge opportunity, but others will take advantage of it.
According to the investment company Multiplo Invest, any fall should be taken advantage of to accumulate more BTC because—according to them— the price is still cheap. Specialists from that Brazilian company maintain that BTC would reach $110,000 or $115,000 in the first quarter of next year.
And, for the remainder of the ongoing bullish cycle, estimates are mostly positive. CriptoNoticias has reported to several analysts, traders and financial companies that have put the area close to $140,000 as a price target for bitcoin in 2025.
Jacobo Maximiliano, analyst at the Bitget exchange, maintains:
«From a fundamental point of view, bitcoin has all the arguments to far exceed 6 figures and consolidate itself in that range. This is due to the great adoption and accumulation that has been registered in recent years by users and large capitals, who perceive bitcoin as a true store of value, similar—within the distance—to gold. Hence the nickname digital gold.
Jacobo Maximiliano, market analyst at Bitget.
Furthermore, Maximiliano makes an analysis from a technical point of view and – from that perspective – assures: «The patterns are clear and bullish and take it to a minimum target price of $175,000 in the medium term. Of course, you have to be very careful in 2 specific figures, the 103,500 USD and the 128,000 USD.
Likewise, the analyst warns that bearish corrections should not surprise anyone. Maximiliano points out that “there have been pending accounts below the price, which are pending pullbacks.” This specialist adds: «I am convinced that they will use some trick or excuse through news to justify a possible drop in the price of bitcoin in the medium-term future, coinciding with a pending pullback, around $70,000. “It would be a matter of retesting old resistances and relying on the most recent historical bullish green guideline (green line with a wide thickness that we see on the chart).”
Analysis of the price of bitcoin (BTC), by Jacobo Maximiliano. Source: Bitget statement.
In a context like this, where there is certain uncertainty and conflicting opinions, strategies such as DCA They can be useful for those who have a long-term investment strategy.
After all, bitcoin seems predestined to continue expanding and conquering new investorsboth retailers and corporate giants and even, little by little, it is reaching the state treasuries.
Disclaimer: The views and opinions expressed in this article belong to its author and do not necessarily reflect those of CriptoNoticias. The author’s opinion is for informational purposes and under no circumstances constitutes an investment recommendation or financial advice.
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