$BTC All altcoins depend on #BTC , and unpromising coins, during a small drop in bitcoin, fall dozens of times, while those that lose only a few positions in price, have strong investor support, and accordingly, during the growth of bitcoin, they will also grow, altcoins are always a lottery
#MicroStrategyAcquiresBTC On January 29, 2025, MicroStrategy bought approximately 447,470 BTC, which is around $27.97 billion, The average price of $62,503 per Bitcoin. 📊 current buys: 1,070 BTC for $101 Million On January 6, 2025, MicroStrategy announced the bought 1,070 BTC for $101 million, at an average price of $94,004 per Bitcoin. 🚀 they are planing to have a fundraiser for $2 Billion for BTC more buys 📊 Total BTC Holdings: 279,420 BTC (as of November 10, 2024) As of November 10, 2024, MicroStrategy held approximately 279,420 BTC.
BTC has recently entered a major resistance zone, which resulted in a significant amount of sale orders. This situation may lead to even more heavy selling in the market. But if BTC manages to maintain its position above $40k, we could see a mini bull run in altcoins. The major resistance level is at $42k. #BTC #ETH #etf
This Hasn’t Happened to Bitcoin (BTC) in Six Years.$BTC
BTC’s supply on crypto exchanges has plunged to a six-year low of 5.38%.
TL;DR
Bitcoin (BTC) has risen above $38,000 as BTC’s supply on exchanges drops to 5.38%, the lowest since December 2017, amid declining trust in exchanges following events like FTX’s collapse and Binance’s legal troubles. The trend towards BTC self-custody is seen as bullish, contributing to Bitcoin’s significant rally of 130% since the year’s start. Analyst PlanB forecasts Bitcoin reaching $65,000 after the 2024 halving and soaring to $524,000 by 2027, anticipating a more robust bull cycle than in 2021.#BTC