#BTC to Reach $100,000 by December End!! I stand by this and | JayFort on Binance Square

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#BTC to Reach $100,000 by December End!!
I stand by this and guarantee you!!

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Bitcoin stalls below $70K despite $20B ETF inflow milestone. The Bitcoin price remains unable to cross the $70,000 mark, despite last week’s record milestone for spot Bitcoin exchange-traded funds (ETFs). On Oct. 17, the US-based spot Bitcoin (BTC) ETFs crossed $20 billion in total net flows, just 10 months after their debut. This same milestone took gold ETFs nearly five years to achieve. BTC rose to a nearly three-month high of $69,487 on Oct. 21 before pulling back to trade at $68,570 as of 8:25 am UTC, according to Cointelegraph data. The sluggish price action may be due to the delayed effect of ETF inflows, which can take a few days to impact the spot BTC price, according to Bitfinex analysts. The ask-heavy order book suggests that crypto traders are using ETF flows as exit liquidity for their trades, the analysts told Cointelegraph: “Usually, this means that large ETF inflows have a muted impact for a few days and then the market reverses lower once the aggression from spot market buyers fades. We need sustained spot market interest to push price out of the current range bound price action.” Positive ETF inflows could help the Bitcoin price reach a new all-time high. By Feb. 15, just one month after they launched, United States-based spot BTC ETFs accounted for about 75% of new investment in the cryptocurrency, which had surpassed the $50,000 mark at the time. BlackRock ETF tops inflows with $1.17 billion Bitcoin ETFs have had limited immediate impact on the price, with several days often passing before inflows generate bullish momentum, Bitfinex analysts explained: “Despite the significant inflows into Bitcoin ETFs, particularly into the BlackRock and Fidelity funds, the price impact has been muted on several instances on days when net inflows exceeded $500 million worth of BTC.” During the past week, BlackRock’s iShares Bitcoin Trust ETF brought in over $1.17 billion worth of Bitcoin, noted onchain intelligence firm Lookonchain in an Oct. 21 X post.

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Analyst Backs Spot Bitcoin ETFs To Surpass Gold ETFs In Cumulative Net Inflows. Market analyst and President of the ETF Store Nate Geraci has backed the US-based spot Bitcoin ETFs to overtake the Gold ETFs in terms of cumulative net flows. This projection comes amidst a staggering performance by these Bitcoin ETFs in the past few days where they have attracted over $2 billion in weekly netflows. Spot Bitcoin ETFs To Surpass Gold ETF In 2 Years, Analyst Says The spot Bitcoin ETFs rattled the global financial markets this week recording net inflows of $2.13 billion according to data from SoSoValue. This massive influx of investments occurred as Bitcoin surged by 9.23%, approaching a critical resistance zone at the $70,000 price mark. Amidst this market euphoria, Nate Geraci has predicted the spot Bitcoin ETFs to record a higher cumulative total netflows than the Gold ETFs in the next two years. This forecast is largely unsurprising considering the exponential growth of these Bitcoin ETFs since their launch on January 11. For context, the Gold ETFs currently boast of combined net inflows of around $55 billion in comparison to $20.66 billion aggregate net inflows in the spot Bitcoin ETFs market. However, the Bitcoin ETFs have been trading for barely a year compared to the Gold ETFs which have been around for over 20 years. Furthermore, Bloomberg analyst Eric Balchunas recently highlighted that spot Bitcoin ETFs have amassed over $65 billion in total net assets, a milestone that took Gold ETFs nearly five years to achieve. This figure is also over 25% of the total assets under management in the global Gold ETF market. In addition, Geraci’s theory is further strengthened by the few 11 spot Bitcoin ETFs currently trading compared to the almost 5000 Gold ETFs on the global financial market. Therefore, these Bitcoin ETFs may actually be poised to overtake their Gold counterparts, especially considering the upcoming crypto market bull run and current adoption levels of digital assets.

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Bitcoin Touched $69K, Dogecoin’s Weekly Surge Goes Beyond 30% (Weekend Watch). Bitcoin’s impressive performance as of late continued in the past 24 hours as the asset tapped $69,000 for the first time since July 29 before retracing slightly. Most alts are with minor gains over the past day, aside from DOGE, which has only doubled down on its recent massive run.BTC Stopped at $69K The primary cryptocurrency stood around $62,000 and $63,000 last Saturday after it had recovered several grand from the sub-$59,000 dump on Thursday. Last weekend went relatively quietly, but the asset went on the offensive at the start of the business week. The most substantial chunk of volatility came on Tuesday when BTC spiked from $65,500 to $68,000 before it was violently pushed south to just under $65,000. However, thebulls resumed controlin the following hours, and bitcoin climbed gradually to new local peaks as greed among investorsrises. The latest of the bunch came late last night when the cryptocurrency jumped to $69,000 for the first time in almost three months. It failed to overcome that level but still stands above $68,000 after a minor retracement. Its market capitalization stands tall at $1.350 trillion on CG, while itsdominance over the altsis at a multi-year peak of over 55%.DOGE Keeps Pumping The biggest gainer from the larger-cap alts yesterday was the OG meme coin. The scenario has repeated again today, with another 6.5% surge from DOGE. As a result, the asset now stands at a multi-month peak of its own at $0.144, with speculations on whether it could jump to $1 during the market cycle. The rest of the larger-cap alts are a lot less volatile. ETH, BNB, XRO, TRX, and LINK sit with minor losses, while SOL, TON, ADA, AVAX, and SHIB have posted insignificant gains. WLD has emerged as the top performer from the largest 100 cryptocurrencies, having surged by 13%. Overall, the total crypto market cap has added around $15 billion and is above $2.450 trillion on CG now.

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MicroStrategy stock’s big premium to bitcoin holdings defended by analyst as ‘intelligent leverage’. The growing premium at which business intelligence firm and corporate bitcoin holder MicroStrategy (ticker: MSTR) shares trade relative to their net asset value (NAV) is not something to fear, according to Benchmark. Currently at 2.3x, the premium hit a three-year high of 2.7x earlier this month, sparking debates among observers who argued that the stock should align more closely with the company's bitcoin holdings. While such analysts agreed that MicroStrategy's share price benefits from bitcoin price appreciation, they saw the significant premium as unjustified. However, Benchmark analyst Mark Palmer countered that view, highlighting the company’s strategy of using low-cost debt and equity dilution to increase its bitcoin holdings per share. This "flywheel" effect, the analyst said, makes MicroStrategy's valuation more than just a reflection of its NAV. The company’s ability to generate compounding yield on its bitcoin holdings — what management calls "intelligent leverage" — sets it apart from other bitcoin investments like ETFs, justifying the stock's premium. As of Sept. 19, MicroStrategy holds 252,220 bitcoin worth roughly $15.8 billion. The company has continued to acquire bitcoin periodically over the last few years. Palmer emphasized MicroStrategy's strong performance, citing its newly created BTC Yield metric, which measures the growth of its bitcoin holdings relative to its share count. The company has achieved a 17.8% yield year-to-date, far exceeding previous years. The analyst also pointed to MSTR's dramatic stock price outperformance since it adopted its bitcoin strategy, reinforcing confidence in the company's approach and raising its price target to $245. Palmer noted the company’s share price has risen by 1,600% over the past four years, which exceeded the return of bitcoin by a factor of 3.8x as well the returns of the S&P 500 and the Nasdaq by 22x and 24x, respectively.

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Bitcoin Breaking Out Of 7-Month Accumulation Channel: Expert Predicts Further Upside. Bitcoin is at a pivotal moment after surging past the $68,000 mark and setting a new local high, confirming its bullish uptrend. Analysts and investors closely monitor the next steps, searching for signs of a continued rally or a potential retrace from higher supply levels. While the excitement is palpable, there is caution as traders prepare for possible resistance. Top analyst Daan shared a technical analysis highlighting that Bitcoin has broken out of an accumulation channel, suppressing the price. According to Daan, this breakout above the $68,000 resistance level signals a potential for further upside as Bitcoin moves into uncharted territory. The next few days will determine whether BTC can maintain its momentum or will face a healthy pullback from these higher levels. With euphoria clashing with fear of a correction, investors are keen to see whether Bitcoin can continue its upward trajectory or if the market will see a pause in the rally. Bitcoin Break Out: New ATH Next? The crypto market is optimistic, as Bitcoin and most altcoins have surged from yearly lows to yearly highs in just a few weeks. Analysts are now speculating that this could be the start of something big—a rally that could propel prices to new highs and deliver massive gains to investors. Despite the excitement, there is also a lingering fear of an impending correction. Historically, Bitcoin has struggled to maintain momentum above supply near $70,000, often facing strong rejections that lead to sharp declines. However, top crypto analyst and investor Daan recently shared a technical analysis on X, explaining why this recent breakout might differ. According to Daan, Bitcoin has finally broken out of a 7-month accumulation pattern that had kept prices down, signaling a significant shift in market dynamics. Furthermore, BTC has managed to break well above the Daily 200 moving average (MA) and exponential moving average (EMA).

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