#CryptoUsersHit18M
$BTC
Bitcoin Price Alert!!!
As I mentioned in my previous post, Bitcoin recently made a small correction and is now set for another bull run. This rally could continue until December 22nd-23rd. Historical data shows the crypto market is in a strong bullish momentum right now. CryptoChan, an on-chain analyst, noted that the MVRV (market capitalization to realized value) indicator for short-term Bitcoin holders has reached a key level, similar to what we saw before the bull market kicked off at the end of 2020. This indicator has often signaled the start of a bull market.
We could soon see Bitcoin reach $120k-$130k. After holding above $100k, the crypto market is attracting more buyers, with the number of crypto users now at 18 million, an all-time high. Bitcoin’s market capitalization has also reached a new high of $2.14 trillion, strengthening the crypto market. Recently, whales like MicroStrategy (a business intelligence firm) have bought an additional 15,350 BTC for around $1.5 billion, at an average price of $100,386 per Bitcoin between December 9th and 15th, according to an SEC filing.
With this strong move from MicroStrategy, Bitcoin is now in a solid bullish zone. However, other coins like Ethereum (ETH), Solana (SOL), Litecoin (LTC), and meme coins still need some more growth. Tokens like Chainlink (LINK), Cardano (ADA), WiFi (WIF), Worldcoin (WLD), and Fetch.ai (FET) have a lot of potential and could see big gains.
XRP is also gaining momentum, with its trading volume increasing rapidly since Monday. XRP has now moved back to the 3rd spot in the crypto market, and we might see it rise to $4-$5 soon.
In my next post, I’ll share some strong signals.
In my opinion, Bitcoin will soon hit an all-time high above $110k.
Thank you for reading!
$BTC
Bitcoin Price Alert!!!
As I mentioned in my previous post, Bitcoin recently made a small correction and is now set for another bull run. This rally could continue until December 22nd-23rd. Historical data shows the crypto market is in a strong bullish momentum right now. CryptoChan, an on-chain analyst, noted that the MVRV (market capitalization to realized value) indicator for short-term Bitcoin holders has reached a key level, similar to what we saw before the bull market kicked off at the end of 2020. This indicator has often signaled the start of a bull market.
We could soon see Bitcoin reach $120k-$130k. After holding above $100k, the crypto market is attracting more buyers, with the number of crypto users now at 18 million, an all-time high. Bitcoin’s market capitalization has also reached a new high of $2.14 trillion, strengthening the crypto market. Recently, whales like MicroStrategy (a business intelligence firm) have bought an additional 15,350 BTC for around $1.5 billion, at an average price of $100,386 per Bitcoin between December 9th and 15th, according to an SEC filing.
With this strong move from MicroStrategy, Bitcoin is now in a solid bullish zone. However, other coins like Ethereum (ETH), Solana (SOL), Litecoin (LTC), and meme coins still need some more growth. Tokens like Chainlink (LINK), Cardano (ADA), WiFi (WIF), Worldcoin (WLD), and Fetch.ai (FET) have a lot of potential and could see big gains.
XRP is also gaining momentum, with its trading volume increasing rapidly since Monday. XRP has now moved back to the 3rd spot in the crypto market, and we might see it rise to $4-$5 soon.
In my next post, I’ll share some strong signals.
In my opinion, Bitcoin will soon hit an all-time high above $110k.
Thank you for reading!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
98,646.08
+3.92%
XRP
2.3243
+3.13%
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