Bitcoin's price has been stagnant around the $97,000 mark, experiencing a 3% decline over the past two weeks. However, the current halving cycle is still in progress, leaving room for further upside. Institutional players like Strategy (formerly MicroStrategy) continue to accumulate Bitcoin, indicating strong institutional demand. While short-term challenges may occur, historical patterns suggest that Bitcoin's price may see elevated levels by the end of the year. However, a significant correction is still possible. Overall, the reduced issuance rate and continued demand set the stage for potential upward movements in Bitcoin's price.



Other News from Today