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Bitcoin Heads Back Toward $100,000. It's Lifting MicroStrategy With It, Too. - Barron's

1. Bitcoin's price rose 2.1% to $96,801, near $100,000. 2. Market activity is low due to Thanksgiving holiday effects. 3. MicroStrategy's shares increased 3.7% in premarket trading. 4. Bitcoin price expected to stay between $92,000 and $100,000. 5. Positive sentiment for crypto-related stocks with Bitcoin optimism.

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FAQ

Why Bullish?

Bitcoin nearing $100,000 often positively influences MSTR's price, similar to past surges.

How important is it?

Bitcoin's price impacts MicroStrategy significantly due to its extensive holdings.

Why Short Term?

Current market sentiment and price volatility indicate an immediate impact, like previous crypto rallies.

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