Insights for the next weeks! 👇
Based on historical data, certain periods have shown consistent patterns in Bitcoin's price movements. Here are key dates and their typical trends over the next three months:

Late November to Early December:
Thanksgiving (November 28, 2024): Historically, Bitcoin has experienced increased interest and price appreciation during the Thanksgiving period, possibly due to heightened media coverage and discussions among family gatherings.
Early December: Following Thanksgiving, the momentum often continues into early December, with notable price increases observed in past years.
Mid-December:
Pre-Holiday Season: In the weeks leading up to Christmas, Bitcoin has sometimes seen price volatility, with both upward and downward movements, as investors adjust their portfolios before the year's end.
Late December:
Christmas (December 25, 2024): The holiday season has occasionally been associated with positive sentiment in the crypto market, leading to price upticks.
Year-End Rally: Between Christmas and New Year's Eve, Bitcoin has historically experienced a "Santa Claus rally," with prices often rising during this period.
Early January:
New Year's Day (January 1, 2025): The start of the new year has sometimes brought renewed investor interest, contributing to price increases.
First Week of January: Historically, the first week of January has been a strong period for Bitcoin, with significant gains recorded in several years.
Mid to Late January:
Post-Holiday Correction: After the initial surge in early January, Bitcoin has occasionally faced corrections in mid to late January, as early-year optimism wanes.
February:
Valentine's Day (February 14, 2025): While not a major financial event, some years have seen increased activity around this date, though patterns are less consistent.
Late February: Historically, late February has been a period of consolidation, with prices stabilizing after the volatility of the previous months.
Please note that while these patterns have been observed in the past, they are not guarantees of future performance. Market dynamics can change due to a variety of factors. #bitcoin #altsesaon

Business intelligence firm MicroStrategy hasannounced its biggest Bitcoin purchase to date.

The Virginia-based company added 55,500 BTC over the past week, shelling out $97,862 per coin.

card

Following the recent gargantuan purchase, MicroStrategy holds a total of 386,700 BTC. On Nov. 8, it stunned the market with a $4.6 billion purchase. However, it took only a week for this juggernaut to shatter its own record.

This is MicroStrategy's third addition to its Bitcoin coffers during the current month. It also announced a $2 billion purchase on Nov. 8.

The company now needs the Bitcoin price to stay above $56,761 for its Bitcoin holdings to remain profitable.

card

The price of Bitcoin dipped to $97,362 following the Monday announcement, which was more or less expected by the market. MicroStrategy's purchases typically cause little volatility since they tend to be priced in. On Nov. 30, MicroStrategy announced that it intended to buy $42 billion worth of Bitcoin by raising money via debt offerings.

The MicroStrategy stock is also unfazed by the recent announcement. It is currently up by roughly 3%.

The company's stock is up a staggering 515% over the past year. The blistering rally allowed the company, which plunged into obscurity following the dot-com bubble crash in the early 2000s, to appear among the top 100 U.S. public companies by market capitalization, competing with such big names as Intel.

However, there are mounting concerns about the viability of its audacious debt-for-Bitcoin strategy that might end up backfiring if there is a major trend reversal.