🎉Bitcoin price sets a new record high, potentially continuing the longest upward streak since 2021

On December 16, the price of Bitcoin reached a new record high, breaking through $106,000 this morning, surpassing last week's highest record. Analysts generally believe that the recent surge in Bitcoin's price is largely due to President Trump's strong support for digital assets and the friendly regulatory plan he has proposed.

Since Trump's election victory in November, Bitcoin ETFs have attracted nearly $11.5 billion in inflows, demonstrating strong market confidence in cryptocurrencies. Meanwhile, the recent inclusion of MicroStrategy in the Nasdaq 100 index has also boosted market sentiment, enhancing not only the company's stock price but also the visibility and recognition of Bitcoin.

In the meantime, since Bitcoin broke its previous high in November, it has established a continuous upward trend, exceeding the weekly rising trend since the bull market in 2021. This achievement marks the maturity and stability of the Bitcoin market while reflecting investors' recognition of the long-term value of cryptocurrencies. However, some analysts have warned market participants that the recent slowdown in price increases may indicate the risk of a market correction, and investors should remain vigilant.

Nevertheless, this round of Bitcoin's rise has sparked widespread discussion about its future potential. Some analysts believe that the price increase may continue, especially in the friendly regulatory environment that the Trump administration may implement. At the same time, Bitcoin's rise has positively impacted other cryptocurrencies and related assets, including strong performance in the stock prices of companies like MicroStrategy.

🗣️Conclusion:

Behind the significant event of Bitcoin's price breaking a historical high are both Trump's support for digital assets and the impetus from related regulatory plans, as well as the market's confidence in cryptocurrencies.

The future of Bitcoin may be filled with uncertainty, but its influence cannot be underestimated. It has not only sparked widespread attention in the financial sector but has also brought new directions for thinking about the development of the global economy.

💬Do you think the price of Bitcoin will continue to rise? What long-term impact will Trump's support have on the cryptocurrency market? Leave your views in the comments section.

#比特币新高 #比特币ETF #MicroStrategy #加密货币前景

10x Research: Bitcoin is expected to hit a new all-time high in the short term$BTC

#比特币新高

$BTC
Hello everyone, A10JQK brings you today's hot spots in the cryptocurrency circle:

♦️ According to the cryptocurrency website, Bitcoin held the key support of $65,000 on September 29. If the rally continues until the end of the month, September 2024 may become the best September in Bitcoin's history!

🃏 The U.S. dollar index (DXY) fell to its lowest level in more than a year, approaching the psychological mark of 100 points.

♠️ Analysts believe that a weak dollar will benefit risky assets such as Bitcoin and may drive prices further up.

♥️ What do you think of this wave of market trends? Continue to hold or take profits? Come to the comment area to chat!

#加密市场反弹
#比特币新高 #美元走软 #加密货币牛市

🚀 The long-dormant "whale" wallets are waking up, will Bitcoin reach an all-time high? 🐳

A wallet that accumulated 749 BTC since 2012 suddenly awakened after 12 years of silence! Yesterday, the wallet address transferred out 159 BTC, drawing widespread attention from the community. Bitcoin's price broke the $72,000 mark for the first time since June, is this a coincidence or a confluence?

According to on-chain analysts, this wallet purchased 749.23 BTC in 2012 and has been inactive since. Yesterday, this whale transferred out 159.23 BTC (worth $11.32 million) to an unknown address. The last time this asset was touched was in November 2012, when 10 BTC were transferred for just $110. Currently, this wallet still holds BTC worth $42 million.

According to TradingView market data, Bitcoin rose over 4.5% yesterday, with each coin trading at $72,402. This means that from 2012 to now, this whale's Bitcoin value has increased by over 6,500 times!

In the past year, some long-held wallets have started to become active, transferring their Bitcoin holdings to new addresses. Some even moved directly to exchanges, suggesting they are seeking to cash out. This includes some wallets speculated to be linked to Satoshi Nakamoto himself.

At the end of September, a wallet that had been dormant for 13 years suddenly woke up, transferring 5 BTC to an exchange; the current whale address still holds 1,215 BTC ($7.7 million), sparking widespread speculation on social media.

Yesterday, Bitcoin's price broke the psychological barrier of $70,000, turning from a resistance level into a support level. Crypto strategist Jelle stated that the supply area between $72,000 and the all-time high of $73,737 is the last barrier for the price to break through.

Analyst Amber_D also believes that Bitcoin will break through $71,000 and return to the strong resistance zone between $71,000 and $73,000. If Bitcoin's price decisively closes above $72,000, it is likely to enter the price discovery phase above the historical high.

Finally, what do you think about this whale awakening and the breakthrough in Bitcoin's price? What do you think the next target price for Bitcoin will be? Leave your thoughts in the comments!

Whether it is a copycat or MEME, most of the main uptrends have not arrived, the big money release has not started, and the big brother has not reached a new high. I don’t know what you are worried about?

#比特币新高 #BTC #meme板块关注热点

🎉Since the election victory, both the Bitcoin options market and the contract market have set new historical records!

Since Trump's victory, interest in Bitcoin among American investors, especially institutional investors, has surged, and this wave of enthusiasm is driving Bitcoin prices to new highs.

According to data from CryptoQuant, the demand for Bitcoin from American institutional investors is rising sharply and showing explosive growth.

Additionally, according to the Coinbase premium index, which reflects the price difference of Bitcoin between Coinbase and other exchanges, it has turned positive for the first time since October 18, indicating the strength of purchasing power in the U.S. market!

Such a large premium gap is usually caused by large players, such as institutional investors or big holders, making frantic purchases. Their series of buying actions have also intensified the bullish sentiment for Bitcoin.

Moreover, as of 8 AM today, the total amount of Bitcoin open interest across the network has surged to $32.567 billion. Meanwhile, as of now, the amount of open contracts for Bitcoin has reached $46.871 billion, both of which have set historical records.

Currently, Bitcoin has broken through the new height of $75,500, and market bullish sentiment remains strong!

Finally, what do you think of this wave of Bitcoin's rise? How long do you think this momentum can last? And how long will the next trend continue? Come to the comments section and share your views!

#比特币新高 #特朗普效应 #加密货币热潮 #比特币期权 #比特币合约

🚀Bitcoin hit a new all-time high yesterday, and the FASB bill coming into effect may be the main reason for the market frenzy

Bitcoin set a new historical high yesterday, reaching over $106,000. Analysts believe that this surge is mainly due to an accounting bill passed in 2023, which officially took effect yesterday. This bill, proposed by the Financial Accounting Standards Board (FASB) two years ago, now allows all publicly traded companies in the United States to include Bitcoin on their balance sheets.

The previous accounting bill only allowed assets to be valued at the purchase price at the time of acquisition, but after the new FASB bill was passed, companies can use the current market value of the assets for valuation. For example, MicroStrategy purchased Bitcoin at an average price of $60,000, and with the current market price exceeding $100,000, they could achieve about a 70% return.

Under the old accounting method, companies could only calculate the asset value based on the purchase price, but now the appreciation is also included. Therefore, as the value of Bitcoin grows over time, the financial performance of these publicly traded companies can be reflected in their financial reports.

Currently, many companies hold Bitcoin, including MicroStrategy, Tesla, and Block (formerly Square). After the implementation of this FASB bill, we will see the profits these companies gain from their Bitcoin asset allocation in the next financial reporting period. This will also lead Wall Street analysts to reassess the stock values of these companies.

In the long run, as long as Bitcoin is on an upward trend, companies holding Bitcoin will show positive effects in their financial reports and stock prices. Therefore, the implementation of the FASB bill may encourage more publicly traded companies or businesses to include Bitcoin in their asset allocation over the next year.

However, Bitcoin experiences cyclical fluctuations every four years and will inevitably encounter bear markets. The key is whether investors can stick to a DCA strategy, like MicroStrategy, and continue to purchase Bitcoin during bear markets, which will also be a crucial factor in whether investors can profit in the long term.

What are your thoughts on the impact of the FASB bill coming into effect on Bitcoin prices? Will this affect publicly traded companies' investment decisions regarding Bitcoin?

#比特币新高 #FASB #资产负债表 #上市公司 #投资策略

🚀Bitcoin's month-end sprint: A new high in July is in sight? 📈
 
Everyone, come and see! An earlier report from foreign media set off the crypto community. The author predicted from several aspects whether Bitcoin will reach a new historical high before the end of this month! 🤑
 
1️⃣ First of all, the price of Bitcoin has jumped from $53,400 to more than $64,500 like a rocket. This speed is a bit unbelievable! 😲 Analysts said from a technical point of view that if it can break through the threshold of $61,000 to $62,000, a new high at the end of the month is not a dream! $BTC

 2️⃣ Then, the RSI index of Bitcoin at $53,400 is the same as that at $25,000 before, so will history repeat itself and Bitcoin will set a new high this time? 📊
 
3️⃣ Most of the liquidity is concentrated around $63,500. Analysts believe that if Bitcoin can break through this point, it may usher in a big rise by the end of the month!
 
4️⃣ Fed's Powell announced that the FOMC meeting will be held at the end of the month. Although the interest rate is expected to remain unchanged in July, the market has already anticipated the interest rate cut in September. At the same time, the CME futures market shows that the possibility of a rate cut in September is as high as 94.3%! The market expects 2-3 interest rate cuts before the end of this year, which is also very good news for Bitcoin!
 
5️⃣ Bitcoin computing power rebounded quickly after touching 53,400, indicating that miners are back. It may also mean that miners may not sell their Bitcoin in the short term.
 
6️⃣ The fear and greed index soared and doubled, from around 25 to the current 65, and the market sentiment is very good. Regarding the recent price increase of Bitcoin, some people believe that it may be closely related to the attempted assassination of Trump!
👀Think about it, if Trump said at the conference that he wanted to treat Bitcoin as a national reserve asset, would the market explode? 💥
 
From now until July 27, there are only two weeks, and Bitcoin may be hyped up during this period! But remember, the best time to pull back is when good news comes out. 🕒
 
What do you think? Do you think Bitcoin can break a new high before the end of the month? See you in the comments! 👇

#比特币新高 #加密货币趋势 #投资预测 #技术分析