Bitcoin's price is on the verge of surpassing $100,000 for the first time since December 11, following a 2.08% increase in the past 24 hours. This rise correlates with MicroStrategy's announcement to raise up to $2 billion through public offerings to strengthen its balance sheet and expand its Bitcoin holdings. Additionally, Metaplanet intends to increase its Bitcoin stash significantly. The firm plans to boost its holdings from 1,762 BTC to 10,000 BTC, having recently purchased 619.7 BTC on December 23, 2024. Concurrently, Bitcoin ETFs have seen substantial inflows, with the largest recorded in six weeks, led by Fidelity's Wise Origin Bitcoin Fund. From a technical standpoint, breaking through the $100,000 level is crucial, as it has been tested multiple times without a confirmed breakout. A cup-and-handle formation on the four-hour chart could position Bitcoin for a potential breakout, aiming for a target of $106,450 if the breakthrough occurs.

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