Bitcoin enthusiasts are buzzing as the cryptocurrency recently soared past $90,000, with some long-term holders cashing in on profits. Crypto analyst Percival from CryptoQuant notes that these seasoned investors see $90K as a prime profit-taking point, rather than a barrier. Despite increased sell pressure, Bitcoin's price remains stable, thanks to ETFs absorbing the sold coins. Optimism is high, with figures like MicroStrategy's Michael Saylor and Bitget's Ryan Lee predicting a potential surge to $100,000 by year-end, fueled by November's historically strong returns for Bitcoin.
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BTC
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