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hold soon you'll see on 3304
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hahahahaha 😂😂😂😂😂
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Bitcoin is about to moon and you’re going to miss it again. The SEC approved the Bitcoin ETFs on January 10th of this year. The clear leader of the pack has been Blackrock by far, they bought over $1,000,000,000 worth of Bitcoin yesterday alone, yes that’s billion with a B. Between the 12 approved ETFs they have bought a combined 1,025,420 Bitcoin since approval. Who’s buying all this Bitcoin through these funds? Early on it was retail buyers who now had access to the digital asset class through their brokers, however as we started to get a look at S-13 filings (SEC quarterly reporting for institutional managers who manage at least $100 million in assets) throughout the year, a more clear picture emerged. The institutions have truly arrived, we’ve seen buys from Morgan Stanley, Jersey City, The State of Wisconsin Pension Fund, Emory University, and the list goes on and on. Only 450 new Bitcoin are mined every day, the ETFs are buying an average of 3,700 a day. There are no signs of stopping the ETF machine, they are sucking the exchanges and OTC desks dry of Bitcoin, the real supply squeeze is upon us. What Happens Next? Here is how I think this all plays out. Trump will fire Gary Gensler, Chairman of the SEC. Gary has been the lieutenant of Elizabeth Warren’s Anti-crypto Army. That Army is dead in the water now. With more favorable regulation new companies in Bitcoin don’t have to flee to other countries like the UAE, Switzerland, Israel and Singapore, all of which have put forth clear and fair regulation for the industry. Now major tech companies can acquire smaller crypto companies and fold them into the fabric of the US tech world. Banks will get approval to custody your Bitcoin, you will see Checking, Savings, Bitcoin on your Bank of America homepage. Bullish.
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hahahahaha what a joke 🤣🤣🤣
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#BTCNextMove Bitcoin Current Status: Bitcoin price has managed to break of the previous all-time high and has touched levels above $106,500 this time around amid positive news around a potential US Fed rate cut in the works. Market Performance: Bitcoin price is now seeing strong buying pressures as the price is trading at $ 97,457.40, rising by over 2.7% in the past 24 hours. The market cap has spiked back to $2.08 trillion, while the trading volume increased over 65.6% to reach close to $63.5 billion. The bullish sentiments have have sustained around 79% and the Fear-Greed Index has reached 80, suggesting the traders remain extremely greedy. Technical Analysis: As the BTC price hovers around the ATH range above $105K, the volume of the crypto has also risen to a large extent. As a result, the volatility has also increased, suggesting the price is expected to trade upwards within a narrow range for a while. However, the token remains within a bullish range and hence the price is expected to revamp a strong rise and mark new highs for the ongoing bullish cycle. BTC Price Prediction: After achieving the milestone over $106,500, the market participants appear to have squeezed some profits. As a result, BTC price is facing some bearish pressure, but the technical indicators remain bullish, which has kept the momentum higher. Hence, the BTC price prediction remains bullish, aiming to mark new highs above $110,000. Future Outlook: With the state of the U.S. about to witness a change in leadership, the crypto space is about to get regulatory clarity. Besides, many countries are also displaying interest in the crypto space and their likeness to regulate it. Therefore, the future outlook of Bitcoin remains extremely bullish as a new ATH is fast approaching.
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