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Crypto News Aggregator by EXCAVO
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: The average $BTC trade size reached a multi-month high of $1.3K.
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Crypto News Aggregator by EXCAVO
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$BTC update 11 Jan 2025 https://www. tradingview .com/chart/BTCUSDT.P/GFYd4Yvr-Bitcoin-update-11-Jan-2025/ I don't often post bitcoin updates, not because I don't have anything to say, but because I understand what phase of the market we are in. This phase as I said earlier in the posts is called distribution which will last until September 2025. After that I am expecting a correction of 50%+ from the put peak. I have already made an assumption what reversal formation we will make. Locally, it's January 11, 2025. It is the beginning of the year, the market has already played Trump's presidency and as a classic โbuy on rumors, sell on factsโ the inauguration will be very soon, and I think the market will react down in a week. But after the positive news will continue, but we are unlikely to see in this cycle 200k for 1 bitcoin, but for me it will be a surprise. There will be a lot of talk about bitcoin. At the end of the year there should be euphoria with the new head of SEC pouring honey in the ears of crypto holders. I'm not listening to anyone, I'm moving forward with my plan. If you're reading me, there hasn't been a post in this series in a long time that I've changed my point of view. I've actually started trading less cryptocurrency, it's now position trades on cycles. And it got a little boring. So I've tapped into the traditional markets. And I'm more actively focused on them. If you're interested in any question, ask in the comments. Best regards @EXCAVO
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๐๐ $BTC kicked off the year strong, reclaiming the $100,000 mark in the first week. Approximately 380k addresses are still at a loss, representing less than 1% of all Bitcoin holders. Bitcoin sits well above an important support zone between $95,400 and $98,400, where 1.77 million addresses bought over 1.53 million BTC. However, there isn't significant resistance ahead, only a minimal supply wall of 107,000 BTC between $104,700 and $105,770.
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๐๐ค $BTC #MichaelSaylor has published Bitcoin Tracker once again, hinting that he will increase his Bitcoin holdings.
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๐๐ $BTC dominance continues to decline and against this backdrop, altcoins are showing significant growth.
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๐ฎ๐ $BTC Investment bank H.C. Wainwright says Bitcoin may go to $225,000 this year because of regulatory clarity and institutional adoption.
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