Boom we have Bitcoin ATH just from election news , this is n | MihaiDaniel on Binance Square

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Boom we have Bitcoin ATH just from election news , this is not the final Top this area might be the future bottom ✊

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556

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"Germans are good at many things: engineering, beer, punctuality. But with Bitcoin… they have more to learn. 🇩🇪 In the summer of 2024, the German government sold 50,000 BTC, seized from cases like Movie2K, at an average price of just $57,600 per Bitcoin. Total earnings: $2.88 billion. Today, those BTC are worth $4.63 billion. Difference lost? $1.75 billion. If they had kept the Bitcoin, they had more valuable reserves than the bullion. But hey, who has time to "hoddle" when you want to liquidate everything? 🤷‍♂️"

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Bitcoin is still in correction, on the hourly chart it has a descending channel, if it does not close above $93,700 in the next hours it may fit a new step down towards $89,000. Bullish scenario is to break 94,000 and gain the $95,700 area, where we find out if we start the climb towards $100,000 or push back towards $92,000

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The 4-hour chart for bitcoin will be very important in the next 2 days, 100 MA (moving average - the value of 100 candles per 4h) can become support, it is at $90,737 the area it can reach soon, it can also reach a little lower , there we find out if we have a light fix or the first more serious fix!

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This week in the world of crypto: the most important news 1. Solana reaches a new historical high Solana reached an all-time high, confirming its position as one of the most promising cryptocurrencies. At the same time, the SEC is reviewing S-1 filings for Solana-based spot ETFs, according to Fox News reporter Eleanor Terrett, who cited sources familiar with the situation. 2. US Bitcoin Spot ETFs exceed $100 billion in assets The total net worth of the 12 US Bitcoin Spot ETFs has reached $100 billion. This important milestone was reached amid the rise in Bitcoin price, which is approaching $100,000. ETFs now account for 5.4% of Bitcoin's total market cap. 3. Coinbase to delist wBTC amid Justin Sun's growing influence 4. Goldman Sachs plans to outsource its digital asset platform Goldman Sachs is exploring the possibility of spinning off its digital asset platform into a separate company. The process could take between 12 and 18 months, subject to regulatory approval. 5. Gary Gensler is leaving the SEC Securities and Exchange Commission (SEC) Chairman Gary Gensler will end his term on January 20, 2025. The announcement marks the end of a controversial era in US crypto regulation. 6. Cantor Fitzgerald acquires 5% of Tether Cantor Fitzgerald, which manages a large portion of Tether's estimated $133 billion in reserves, negotiated a 5% stake in the stablecoin issuer over the past year, according to a report published by The Wall Street Journal. 7. Charles Schwab looks into offering direct crypto investments 8. Russia proposes a 15% tax on crypto income Russia plans to classify cryptocurrencies as property for tax purposes. Thus, revenues obtained from mining and trading will be taxed at 15%, according to a new legislative proposal. 9. Coinbase CEO meets with Donald Trump 10. Robinhood, designated the main opportunity for crypto deregulation Bernstein's analysis places Robinhood at the top of crypto market. It remains to be seen how these events will impact

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Bitcoin tests for 1 hour 100 Moving average an important moving average, $97,100, if it loses the support in this area we could visit $95,100, don't forget over $90,000 value a percentage is $900

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