Recently, Bitcoin's price has shown some hesitation in continuing its upward movement. The closing of the current weekly candle did not meet expectations, as it failed to close above the critical level of $103,450. This prompted me to share my thoughts on the potential future price movement.
Based on my analysis, a correction to the following levels is now more likely: 1. $69,900 2. $59,500
Another signal for me is the current trading within a narrow range, as well as the Fear and Greed Index, which stands at 70 given the current volumes. This causes some concern.
I encourage everyone to be more vigilant in the current market situation. Of course, I could be wrong, and this is just my opinion, not financial advice. I am not urging any actions.
If my insights prove helpful, I would appreciate your support and comments. Wishing everyone profitable trades, friends!
Bitcoin Predicted to Surpass Gold As Primary Store of Value Within a Decade
According to Odaily, brokerage firm Bernstein has forecasted that Bitcoin may replace gold as the primary 'store of value' within the next decade. This shift is expected to make Bitcoin an essential component of institutional and corporate finance. Analyst Gautam Chhugani highlighted in his report that the significant increase in Bitcoin's price is largely driven by market expectations following the U.S. elections. The anticipation is that the Trump administration might implement more crypto-friendly policies.The report further projects that by the end of 2025, Bitcoin's price could soar to $200,000. This prediction underscores the growing confidence in Bitcoin's potential to become a dominant financial asset.
SHIBA INU NEWS: The US government transfers 54 billion SHIB tokens – 22% of the circulating supply
The cryptocurrency world is buzzing with news of an unprecedented development involving Shiba Inu ($SHIB). Recent reports confirm that the US government facilitated a major transfer of 54 billion SHIB tokens, which represents a staggering 22% of the total circulating supply. This unexpected move has sparked widespread speculation, mixed emotions, and increased activity in the market.
damn what sailor what woo what ki young...... at least one at a time not all at once😂
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МонетнаяМагия
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CryptoQuant founder and CEO Ki Young Ju predicts that the price of Bitcoin (BTC) could continue its upward trend and triple its market capitalization, pushing the price above $260,000. 📈
- Young Ju compared the price of BTC and the ratio of hashrate to market capitalization, highlighting the volatility of the cryptocurrency and the resilience of the Bitcoin network. - If this ratio continues to rise, Young Ju says it could "potentially support" Bitcoin's price to $265,000. - Analyst and trader Crypto Ceaser noted that Young Ju's opinion coincides with their analysis, which shows that BTC has formed a large "cup and handle" pattern on the weekly chart. - If confirmed, the chart forecasts a BTC rally towards the control chart's technical target of $273,693. - Some traders believe that Bitcoin needs to make a decisive daily candle close above the 50-day simple moving average (SMA) to remain bullish.
Founder and CEO of CryptoQuant Ki Young Ju predicts .... the same horses just in profile.... well, what else should he say .... how else to heat up the people😂
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COINQUANT
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Bullish
💰 By the time Bitcoin reaches the mark of $1 million, its market capitalization will surpass gold.
In 2004, before the advent of gold ETFs, the market cap of gold was $1 trillion. Today it has grown to $17.8 trillion, of which about $16.8 trillion is driven by demand as a safe-haven asset and protection against inflation.
The current market capitalization of Bitcoin is $2 trillion, and it could increase by 750% if demand for gold starts to transition to BTC.
Considering inflation, the question is not whether Bitcoin will reach $1 million, but when it will happen.
🔥Exactly 2 Years Ago Bitcoin Was Only $15,000 Exactly 2 years ago Bitcoin fell to an historical low of around $15,000, and that’s when its growth of over 500% began. At that time, no one believed that Bitcoin could break its previous ATH of $70,000, but the launch of the ETF and changes in U.S. policy made their mark, allowing BTC to achieve such active growth in just 2 years, surpassing all global assets. 🪙Since November 6, Tether has issued a total of $20 billion in USDT tokens, signaling that investors are actively converting fiat into stablecoins to continue buying BTC and other coins. 🐶In the last 24 hours, the price of DOGE has risen by more than 4% as Elon Musk posted a tweet declaring himself the father of DOGE and his child as the son of DOGE, referring to the new department. 🇺🇸The latest report from the U.S. Department of the Treasury states that "the main use case for Bitcoin is as a store of value, also known as 'digital gold' in the DeFi world."
Has everyone already forgotten Musk's speculation on Doge a couple of years ago?))) While Tesla stocks are fluctuating, the dude is plucking hamsters ... insiders are making money, and something tells me that Elon is exactly among them and not on the side of the tearful hamsters😂
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Marina777
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The crypto world is buzzing as $1MBABYDOGE experiences a staggering price increase of 77.67%, reaching 0.0043506, all thanks to a single tweet from Elon Musk. Elon Musk's mysterious post with the phrase "[1MBABYDOGE]" and a rocket emoji sparked a buying frenzy among investors. In a matter of moments, the trading volume of the coin surged, pushing its price to unprecedented levels. This unexpected jump has left the cryptocurrency market in awe, showcasing Musk's unparalleled influence. $1MBABYDOGE is expected to develop further … 🚀
He won't talk like that yet, otherwise his investors will screw his head off....😂
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Marina777
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Michael Saylor: Bitcoin won’t fall because there are no weak hands left in the market 💪
Michael Saylor believes that there won't be a deep drop in cryptocurrency like in previous years. Why? Because the market is no longer like an arena where scared retail investors fight. Now serious players — institutions — are in charge 🏦💼.
📌Here I disagree with such a statement: Everyone knows that the market cannot be 🚫 predicted! Anything can happen in the market - from a drop in crowd sentiment to a collapse. So I would be cautious with such claims 🙄
What arguments does Saylor present: Why is Bitcoin not threatened with an 80% drop? Mike explained that such a crash, like during the times of FTX and Celsius, is only possible when there are “a bunch of weak companies.” And now the market has become more stable. 📌In short, Bitcoin is the most valuable asset for the next 100 years. Let’s have a Bitcoin reserve for the USA! Such slogans 🙄
What do you think - isn’t this all a bit strange? #BTC🔥🔥🔥🔥🔥
According to CoinDesk, Michael Saylor's proposal for Microsoft to incorporate bitcoin into its balance sheet is facing significant skepticism. Polymarket bettors currently estimate only an 11% chance of shareholder approval for this initiative. The proposal, initially put forward by the National Center for Public Policy Research, suggested bitcoin as a diversification investment. However, Microsoft's board has advised shareholders to reject it, citing the cryptocurrency's instability as unsuitable for a company of Microsoft's magnitude.
Saylor, who is the executive chairman of Microstrategy, has been advocating for this move, suggesting that bitcoin could serve as a hedge against inflation and economic uncertainty. He argues that this could potentially elevate Microsoft's market cap from $3.2 trillion to over $8 trillion. Saylor also criticized Microsoft's current treasury strategy, which he claims has resulted in the "surrender" of $200 billion in capital over five years through dividends and buybacks. He believes these funds could have been more profitably invested in bitcoin, which has seen a significant increase in value over the same period.
Despite Saylor's arguments, there is considerable debate among investors. One Polymarket bettor expressed skepticism about the necessity for Microsoft to add bitcoin to its balance sheet, pointing out that there are already numerous avenues for institutional investors to gain bitcoin exposure. This was not the case when Microstrategy initially invested in bitcoin. The bettor argued that mixing stable investments like Microsoft with volatile ones like bitcoin could complicate value assessments.
Conversely, another bettor suggested that Microsoft's strong cash position might allow for a small allocation of funds to bitcoin as a test, emphasizing the importance of considering shareholders' rights. This bettor believes that Microsoft's financial stability provides the flexibility to explore bitcoin investments. The upcoming shareholder meeting on December 10 will be crucial, as it will determine the fate of this proposal.
it's clear why he is offering this. because the USA, having entered into such an offer, would be forced to keep the price of Bitcoin as a global guarantor )))) and voila, Saylor in Chakalade until the end of times))))
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Binance News
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Michael Saylor Advocates for Bitcoin Over Gold as a Strategic Reserve for the US
Michael Saylor, Founder and Executive Chairman of MicroStrategy, has reignited the debate on Bitcoin as a strategic reserve. In an interview with Yahoo Finance!, Saylor argued that the United States should sell its gold reserves and invest in Bitcoin to secure its position as the world's dominant financial power, according to a report by CoinGape.Bitcoin as a Global Financial ToolSaylor emphasized that Bitcoin could help the US maintain control over the global reserve status and capital networks. He proposed that the US government acquire 20-25% of Bitcoin’s current circulating supply, leveraging the cryptocurrency as a strategic asset.According to Saylor, replacing gold with Bitcoin would establish the US as a leader in the global financial ecosystem. He suggested that such a move could redirect capital flows toward Bitcoin, boosting the digital currency’s adoption and market value. Saylor speculated that Bitcoin’s total market capitalization could reach $100 trillion if this strategy were implemented.Advancing the Strategic Bitcoin Reserve ConversationAs reported by CoinGape, discussions around a Bitcoin reserve have gained momentum, particularly under the upcoming Donald Trump administration. Reports suggest that the President-elect is considering establishing a cryptocurrency advisory council to explore the adoption of Bitcoin as a reserve asset.MicroStrategy’s Role as a Corporate Bitcoin LeaderMicroStrategy, under Saylor’s leadership, has been a trailblazer in corporate Bitcoin investments. The company recently purchased 15,400 BTC for $1.5 billion, bringing its total holdings to over 400,000 coins. This aggressive accumulation has been funded through Convertible Senior Notes offerings, inspiring other firms like Semler Scientific and Metaplanet to follow suit.As discussions about strategic Bitcoin reserves continue, the focus remains on whether the US government will take steps to integrate Bitcoin into its financial strategies, potentially shaping the future of global finance.
first and foremost he defends his own interests....not the interests of the country😂
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Binance News
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Michael Saylor Advocates for Bitcoin Over Gold as a Strategic Reserve for the US
Michael Saylor, Founder and Executive Chairman of MicroStrategy, has reignited the debate on Bitcoin as a strategic reserve. In an interview with Yahoo Finance!, Saylor argued that the United States should sell its gold reserves and invest in Bitcoin to secure its position as the world's dominant financial power, according to a report by CoinGape.Bitcoin as a Global Financial ToolSaylor emphasized that Bitcoin could help the US maintain control over the global reserve status and capital networks. He proposed that the US government acquire 20-25% of Bitcoin’s current circulating supply, leveraging the cryptocurrency as a strategic asset.According to Saylor, replacing gold with Bitcoin would establish the US as a leader in the global financial ecosystem. He suggested that such a move could redirect capital flows toward Bitcoin, boosting the digital currency’s adoption and market value. Saylor speculated that Bitcoin’s total market capitalization could reach $100 trillion if this strategy were implemented.Advancing the Strategic Bitcoin Reserve ConversationAs reported by CoinGape, discussions around a Bitcoin reserve have gained momentum, particularly under the upcoming Donald Trump administration. Reports suggest that the President-elect is considering establishing a cryptocurrency advisory council to explore the adoption of Bitcoin as a reserve asset.MicroStrategy’s Role as a Corporate Bitcoin LeaderMicroStrategy, under Saylor’s leadership, has been a trailblazer in corporate Bitcoin investments. The company recently purchased 15,400 BTC for $1.5 billion, bringing its total holdings to over 400,000 coins. This aggressive accumulation has been funded through Convertible Senior Notes offerings, inspiring other firms like Semler Scientific and Metaplanet to follow suit.As discussions about strategic Bitcoin reserves continue, the focus remains on whether the US government will take steps to integrate Bitcoin into its financial strategies, potentially shaping the future of global finance.
Bitcoin's Current Status: Not a Bubble, Says Investment Expert
According to U.Today, Jordi Visser, former Chief Investment Officer and president of Weiss Multi-Strategy Advisors, has expressed confidence that Bitcoin (BTC) has not yet entered a 'bubble' phase, even as its price hovers around $100,000. Visser, a seasoned investor and market commentator, shared his insights on social media, emphasizing that Bitcoin's current price trajectory does not resemble the speculative bubbles seen in the past, such as the 1990s Internet bubble.
Visser pointed out that despite Bitcoin doubling its price for the second consecutive year, it remains far from the characteristics of a bubble typically observed in tech companies. He highlighted that the Bitcoin price chart is distinct from the patterns seen during the Internet bubble era, which experienced no years in the red. Additionally, he dismissed the notion that the overhyped involvement of companies like MicroStrategy in cryptocurrency signals a bubble phase.
Instead, Visser referenced the 2020-2021 NFT and early meme coin frenzies as examples of what bubbles might look like in the crypto space. These periods were marked by media euphoria and impressive performances across various altcoin assets. He noted that the altcoin index is still significantly below its previous highs, indicating that the market is far from reaching a peak.
Visser also mentioned that the ETH/BTC rate, a key indicator for the altcoin segment, recently hit a multi-year low before Bitcoin's surge past $100,000. Despite Ethereum's (ETH) price recovering to over $4,000, it has yet to revisit its all-time high. Furthermore, Visser highlighted the ongoing capital inflow into spot Bitcoin and Ethereum ETFs in the U.S. and Hong Kong, which remains robust despite regulatory challenges. These crypto ETFs have become the fastest-growing products in ETF history.
To achieve a true 'bubble' status, Visser argued that Bitcoin's price would need to rally against the MAG7 index, which includes major tech stocks like Apple, Microsoft, Alphabet, Amazon.com, Nvidia, Meta Platforms, and Tesla. He concluded that the parabolic growth of the BTC/MAG7 rate has historically marked the top of previous Bitcoin price cycles.
Bitcoin's Current Status: Not a Bubble, Says Investment Expert
According to U.Today, Jordi Visser, former Chief Investment Officer and president of Weiss Multi-Strategy Advisors, has expressed confidence that Bitcoin (BTC) has not yet entered a 'bubble' phase, even as its price hovers around $100,000. Visser, a seasoned investor and market commentator, shared his insights on social media, emphasizing that Bitcoin's current price trajectory does not resemble the speculative bubbles seen in the past, such as the 1990s Internet bubble.
Visser pointed out that despite Bitcoin doubling its price for the second consecutive year, it remains far from the characteristics of a bubble typically observed in tech companies. He highlighted that the Bitcoin price chart is distinct from the patterns seen during the Internet bubble era, which experienced no years in the red. Additionally, he dismissed the notion that the overhyped involvement of companies like MicroStrategy in cryptocurrency signals a bubble phase.
Instead, Visser referenced the 2020-2021 NFT and early meme coin frenzies as examples of what bubbles might look like in the crypto space. These periods were marked by media euphoria and impressive performances across various altcoin assets. He noted that the altcoin index is still significantly below its previous highs, indicating that the market is far from reaching a peak.
Visser also mentioned that the ETH/BTC rate, a key indicator for the altcoin segment, recently hit a multi-year low before Bitcoin's surge past $100,000. Despite Ethereum's (ETH) price recovering to over $4,000, it has yet to revisit its all-time high. Furthermore, Visser highlighted the ongoing capital inflow into spot Bitcoin and Ethereum ETFs in the U.S. and Hong Kong, which remains robust despite regulatory challenges. These crypto ETFs have become the fastest-growing products in ETF history.
To achieve a true 'bubble' status, Visser argued that Bitcoin's price would need to rally against the MAG7 index, which includes major tech stocks like Apple, Microsoft, Alphabet, Amazon.com, Nvidia, Meta Platforms, and Tesla. He concluded that the parabolic growth of the BTC/MAG7 rate has historically marked the top of previous Bitcoin price cycles.
So why doesn't the price go up after such investments??? Did you forget to press the button?🤭
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CryptoDewa
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**Bitcoin and Ethereum ETFs: A Week That Shook the Markets! 🚀**
- After the presidential election, Bitcoin ETFs in the US continue to be the favorites of investors with billions of dollars in inflows. This week, it's the Ethereum ETF's turn to show off!
- Last week, Bitcoin ETFs were rocking, but this week they went crazy again with an inflow of $2.7 billion! BlackRock was the star, sucking in more than $2.6 billion. BTC prices also skyrocketed past $100,000 for the first time!
- Ethereum ETFs are not to be outdone, with an inflow of $1.4 billion in the past two weeks. A new record was set last Thursday with $428.5 million. ETH prices also rose past $4,000!
- Is this the beginning of a new era of crypto investment? Share your thoughts in the comments!
The Financial Times has apologized for years of Bitcoin hate “We're sorry if at any point in the past 14 years you've decided, based on our coverage, not to buy an item whose price has gone up. It's nice when your price goes up. And we're sorry if you misunderstood our cryptocynicism as a declaration of support for tradfi, because we hate it too." TradFi is short for Traditional Finance, i.e. "traditional finance".