Tag: btc

Bitcoin trader say BTC headed toward $125K by New Year’s Even based on ‘Bayesian probability’

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Bitcoin (BTC) price entered a strong price discovery phase for the first time since December 2020, after its weekly chart closed above $80,000. BTC’s bullish structure has transpired from a short-term to a long-term outlook, and multiple analysts believe that an assortment of six-figure price targets will be attained sooner than later. Bitcoin could reach $125,000 by New Year’s Eve Peter Brandt, a popular market analyst, highlighted that Bitcoin tends to repeat its bullish price action trends when it decides to “mark up.” The trader addressed BTC’s current move above…

Price analysis 11/11: SPX, DXY, BTC, ETH, SOL, BNB, DOGE, XRP, ADA, TON

Bitcoin picked up momentum and soared above $84,500, pulling several altcoins higher. Bitcoin (BTC) has been on a roll and shows no signs of slowing down. The latest leg of the rally above $84,500 pushed Bitcoin’s total market capitalization above $1.67 trillion for the first time.  Analysts remain optimistic that Bitcoin will extend its month-to-date gains of 17% as November’s average return is 44%, according to CoinGlass data. Veteran trader Peter Brandt said in a post on X that “when BTC runs –…

Bitcoin Soars Past $82,500 As MicroStrategy Makes Major 27,200 BTC Purchase

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On Monday, business intelligence firm Microstrategy announced the purchase of additional Bitcoin (BTC) as the largest cryptocurrency on the market hit a new all-time high of $82,500, with increased inflows into various sectors of the ecosystem over the past week.  MicroStrategy Now Holds Nearly $23 Billion In Bitcoin In a social media post by Bitcoin bull Michael Saylor, the company announced that it had acquired approximately 27,200 BTC for approximately $2.03 billion. This transaction is one of the largest BTC purchases to date by a corporate entity but in line…

Microstrategy Buys 27,200 BTC for $2.03B, Expanding Holdings to 279,420 Bitcoin

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Microstrategy made a bold $2.03 billion move, adding 27,200 BTC to its holdings to cement its bitcoin dominance, part of an ambitious $42 billion digital asset growth plan. A Billion-Dollar Vision Unfolds as Microstrategy Acquires 27,200 BTC Software intelligence firm Microstrategy Inc. (Nasdaq: MSTR), the largest corporate holder of bitcoin, announced on Monday that it […] Original

Where the Demand Comes From as the Bitcoin (BTC) Price Breaks Tops $82K: Van Straten

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Zooming out over the past three years, it’s apparent that when Coinbase CVD spikes, it tends to be near local highs and lows. In March, one of the highest CVD levels occurred as bitcoin broke its then-record high above $73,000. There were also high levels near cycle lows around the Luna and FTX collapse in 2022, which shows smart money buying near the bottom and others buying near the top. Original

BTC Price Barrels Past $81,000 For New ATH

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Bitcoin is proving its mettle, and showing no signs of stopping. The crypto skyrocketed to a fresh record high on Monday, as investors bet that Donald Trump’s return to the Oval Office will be good for the crypto industry. Related Reading The world’s largest and most recognized cryptocurrency has now more than doubled from the year’s low of $38,4000 and was last at $81,405 having earlier touched a record high of $81,890, data from Coingecko shows. A day after the elections, Bitcoin hit $75k, topping its previous high of $74,797…