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BTC 100K!!
Powell said "Bitcoin is the competitor with Gold, not Dollars" so Bullish for Gold as it shows that FED pays less attention to control
Powell said "Bitcoin is the competitor with Gold, not Dollars" so Bullish for Gold as it shows that FED pays less attention to control
BTC inflows by institutions purchase more, aiming for a 100k psychological price.
$BTC
Bitcoin slipped below at zone price of USD93k as the taking profits of securing short-term gains by some traders. But it is a necessary retracement in short-term support for the next impulsive move.
Some supported bullish catalysts for BTC:
On Dec. 10 when Microsoft shareholders will vote on whether to add BTC to the company’s balance sheet. Expecting the approval from Microsoft to adopt BTC.
On Dec. 2, MicroStrategy revealed that the company had sold 3.7 million shares of its Class A common stock. MicroStrategy announced purchasing 15,400 Bitcoin for $1.5 billion at $95,976 per BTC.
On Dec. 2, Blackrock, its iShares Bitcoin Trust (IBIT) ETF’s Bitcoin holdings reached 500,380, worth around $48 billion at current market prices, responsible for 2.38% total supply value of 21 million BTC supply.
MARA Holdings, a crypto miner, announced that it purchased 6,484 Bitcoin between Oct. 1 and Nov. 30. The firm bought the coins for $618.3 million at an average price of $95,352.
-> Money flows in Bitcoin prepare for the upcoming bullish move as institutional buyers show a strong optimistic outlook for Bitcoin as a reserve asset in their companies.
$BTC
Bitcoin slipped below at zone price of USD93k as the taking profits of securing short-term gains by some traders. But it is a necessary retracement in short-term support for the next impulsive move.
Some supported bullish catalysts for BTC:
On Dec. 10 when Microsoft shareholders will vote on whether to add BTC to the company’s balance sheet. Expecting the approval from Microsoft to adopt BTC.
On Dec. 2, MicroStrategy revealed that the company had sold 3.7 million shares of its Class A common stock. MicroStrategy announced purchasing 15,400 Bitcoin for $1.5 billion at $95,976 per BTC.
On Dec. 2, Blackrock, its iShares Bitcoin Trust (IBIT) ETF’s Bitcoin holdings reached 500,380, worth around $48 billion at current market prices, responsible for 2.38% total supply value of 21 million BTC supply.
MARA Holdings, a crypto miner, announced that it purchased 6,484 Bitcoin between Oct. 1 and Nov. 30. The firm bought the coins for $618.3 million at an average price of $95,352.
-> Money flows in Bitcoin prepare for the upcoming bullish move as institutional buyers show a strong optimistic outlook for Bitcoin as a reserve asset in their companies.
SOL surges supported by Spot SOL ETF!
LONG: SOL USDT
SL: 216, TP: 282
Fundamental perspective:
1. Grayscale, a famous crypto-friendly company, announced that it is waiting for approval from the SEC (US Securities and Exchange Commission) to convert its Solana Trust (GSOL) into a spot ETF listed on NYSE Arca.
→ This move led them to become a direct competitor to companies Bitwise, VanEck, 21 Shares, and Canary Capital.
2. Beyond BTC, the largest EFT spot, and Ethereum, the SOL EFT spot will become the third largest, potentially driving further institutional and retail interest.
3. This approach aligns with Donald Trump's election and his urge to replace Gary Gensler with someone more friendly with crypto. In other words, the crypto industry is positive with Trump's policy shift in the crypto market.
Technical perspective:
On November 21, Solana recently reached a peak of $264 before finding support at $216. Since then, it has shown renewed bullish momentum, suggesting the potential for a rally to new highs. The primary upside target stands at $282, aligning with the 0.618 Fibonacci expansion level.
$BTC $ETH $SOL
#BullistMarket
LONG: SOL USDT
SL: 216, TP: 282
Fundamental perspective:
1. Grayscale, a famous crypto-friendly company, announced that it is waiting for approval from the SEC (US Securities and Exchange Commission) to convert its Solana Trust (GSOL) into a spot ETF listed on NYSE Arca.
→ This move led them to become a direct competitor to companies Bitwise, VanEck, 21 Shares, and Canary Capital.
2. Beyond BTC, the largest EFT spot, and Ethereum, the SOL EFT spot will become the third largest, potentially driving further institutional and retail interest.
3. This approach aligns with Donald Trump's election and his urge to replace Gary Gensler with someone more friendly with crypto. In other words, the crypto industry is positive with Trump's policy shift in the crypto market.
Technical perspective:
On November 21, Solana recently reached a peak of $264 before finding support at $216. Since then, it has shown renewed bullish momentum, suggesting the potential for a rally to new highs. The primary upside target stands at $282, aligning with the 0.618 Fibonacci expansion level.
$BTC $ETH $SOL
#BullistMarket
Meme coins rallies.
Which coins that you hold?
Which coins that you hold?
$DOGE
100%
$PEPE
0%
$FLOKI
0%
$WIF
0%
2 votes • Voting closed
BTC still has a bullish outlook and keeps an eye on previous Resistance at ATH $99,850 to reach the $100k expectation.
+ Mining company MARA, formerly Marathon Digital, updated investors on Nov. 27 that, it has purchased an additional 703 BTC, estimating its acquisition of 6,474 Bitcoin, average per coin at $95,395.
+ Following strong BTC support MicroStrategy, more US public companies incentivized by the Trump-elect by reserving BTC.
+ Bitcoin metrics from CryptoQuant are still undervalued. In the last cycles, the total amount invested in cryptocurrencies was just slightly above 50%, compared to 80% and 90% in 2017 and 2020, respectively.
+Paul Atkins emerges as a leading candidate for SEC chair, who famously has a pro-innovation stance and crypto expertise.
#BullistMarket
$BTC
+ Mining company MARA, formerly Marathon Digital, updated investors on Nov. 27 that, it has purchased an additional 703 BTC, estimating its acquisition of 6,474 Bitcoin, average per coin at $95,395.
+ Following strong BTC support MicroStrategy, more US public companies incentivized by the Trump-elect by reserving BTC.
+ Bitcoin metrics from CryptoQuant are still undervalued. In the last cycles, the total amount invested in cryptocurrencies was just slightly above 50%, compared to 80% and 90% in 2017 and 2020, respectively.
+Paul Atkins emerges as a leading candidate for SEC chair, who famously has a pro-innovation stance and crypto expertise.
#BullistMarket
$BTC
$100k BTC remains Short as investors capitalize profits: $BTC
BTC ended Tuesday session at $92k as short-term shows LTH (Long-term Holders) taking profits at ATH price, among the shy expectation of 100k per Bitcoin. According to Glassnode, it is a staggering $2.02 billion in profits daily.
But the long-term outlook remains bullish. Tim Draper, a well-known venture capitalist, entrepreneur, and Bitcoin-friendly, believes $120k per Bitcoin in 2024 underestimates following MicroStrategy's $5.4 Billion BTC Buy and the retirement of SEC head Gary Gensler.
“It is a long-term trend. Bitcoin is just better technology than using banks and governments as the trusted third party. It is transparent, global, open, keeps perfect records, etc. It will make the world wealthier. When retailers (for currency) and governments (for taxes) realize that bitcoin will save them money on each transaction, then there will be a great incentive for everyone to use bitcoin,” Draper said.
#MarketDownturn #bitcoin
BTC ended Tuesday session at $92k as short-term shows LTH (Long-term Holders) taking profits at ATH price, among the shy expectation of 100k per Bitcoin. According to Glassnode, it is a staggering $2.02 billion in profits daily.
But the long-term outlook remains bullish. Tim Draper, a well-known venture capitalist, entrepreneur, and Bitcoin-friendly, believes $120k per Bitcoin in 2024 underestimates following MicroStrategy's $5.4 Billion BTC Buy and the retirement of SEC head Gary Gensler.
“It is a long-term trend. Bitcoin is just better technology than using banks and governments as the trusted third party. It is transparent, global, open, keeps perfect records, etc. It will make the world wealthier. When retailers (for currency) and governments (for taxes) realize that bitcoin will save them money on each transaction, then there will be a great incentive for everyone to use bitcoin,” Draper said.
#MarketDownturn #bitcoin
In trading, the hardest skill is patient enough to apply all your knowledge and practice in market.
Always set realistic expectations to feel happy and peace.
Always set realistic expectations to feel happy and peace.