🚀Bitcoin long-term holders: $90,000 is not the end, but a new starting point!
Bitcoin long-term holders (investors who hold for more than 155 days) do not regard $90,000 as the "ceiling" of Bitcoin prices, but the "primary target" for profit-taking. As the price of Bitcoin breaks through $90,000, some long-term investors have begun to reap profits.
Before breaking through the all-time high on November 5, Bitcoin consolidated between $53,000 and $72,000 for nearly seven months. Now, with the price reaching $91,214, some investors have achieved their goals, while others expect Bitcoin to continue to climb to $100,000.
In addition, according to Farside data, about $4.09 billion has flowed into U.S. spot Bitcoin exchange-traded funds since Donald Trump, who supports Bitcoin, won the U.S. presidential election on November 6.
Analyst Percival pointed out that the selling activity of long-term holders has increased since the ETF rose. Nevertheless, the ETF is absorbing all the sold Bitcoin, which shows that the market demand for Bitcoin remains strong.
Some Bitcoin supporters, such as Michael Saylor of MicroStrategy, predict that Bitcoin prices will soon reach six figures and plan to hold a party to celebrate Bitcoin reaching $100,000 by the end of the year.
Historical data shows that November is one of the best months for Bitcoin returns. If history repeats itself, Bitcoin prices are expected to reach the $100,000 target by the end of this month.
Bitcoin's journey continues, and long-term holders are enjoying the fruits of their labor while also looking forward to higher milestones.
Finally, what do you think the next target price of Bitcoin will be? Share your predictions and opinions in the comment section, let us witness the rise of Bitcoin together!
