Yesterday it was mentioned that it reached the support level, and today it successfully rebounded.
Short-term holders' unrealized gains average +7.9%. Their average BTC purchase price is about 86,800 USD, reflecting that despite recent fluctuations, they remain confident in the market. Their average BTC purchase price is about 86,800 USD, reflecting that despite recent fluctuations, they remain confident in the market.
Good evening, brothers. There will be no market updates tonight, so everyone should relax a bit. I wish all our web3 brothers to see whatever they buy rise and whatever they start to earn in the coming year. 2025 will surely bring wealth.
This week, I personally think it's a bullish market, and I don't believe there will be a significant drop. Just hold onto your spot! Let's see if Bitcoin can continue to push towards 100,000 here. Ethereum should be able to reach above 3,700. I'll continue to give everyone red envelopes. Answer: Rise, rise, rise.
Yao Qian, the director of the Digital Currency Research Institute of the Central Bank of East Country, once publicly stated that using Bitcoin as currency would undoubtedly be a disaster. However, after his fall from grace, it was discovered that the bribe he received was Bitcoin!
The importance of gold is no longer as significant as digital gold. After comparing the assets of spot gold ETFs with those of Bitcoin ETFs, it was found that Bitcoin ETFs are the fastest-growing ETFs in history. Bitcoin is redefining the investment landscape and challenging the long-standing dominance of gold. We live in a world of new technologies. All physical assets, such as gold, may become unusable. Survival of the fittest is crucial. Previously, mainstream investors doubted that Bitcoin was a Ponzi scheme; now, the financial world is undergoing tremendous changes.
The world's largest stablecoin issuer is expected to exceed $10 billion in net profit in 2024. The CEO of Tether stated in an interview that the company has invested more than half of its net profit this year. As for Tether, continuously printing USD essentially means continuously purchasing BTC. Currently, BTC is in a correction phase; although it hasn't reached the true mid-cycle bottom, it is not far from this stage's bottom. There are also many altcoins that are in corresponding bottom areas, and everyone should dare to place buy orders in batches at the bottom. ETH around 3300 has seen significant institutional buying. As long as it continues to fall, institutions will continue to buy. Last week, BlackRock and Fidelity bought 100,000 coins at an average price of around 3375. The crypto market is rising again, driven by USDT, which is being massively issued again, and institutions and capital are coming in to buy USD. Continuous bottom fishing and rallies are happening. I believe this scene should occur in mid to late January.
There are some differences in the predictions for Bitcoin's price in 2025, but the general trend is bullish. Here are some key predictions:
1. Analysts from Bitwise, Standard Chartered, and VanEck predict that Bitcoin will reach levels between $180,000 and $200,000 in 2025. 2. Bitwise's prediction: If the U.S. government adopts Senator Cynthia Lummis's plan to purchase 1 million Bitcoins as a 'strategic Bitcoin reserve,' the price of Bitcoin could reach $500,000. 3. VanEck's prediction: More conservative, expecting Bitcoin prices to reach a high of $180,000 in 2025, predicting that after reaching a new high at the beginning of the year, prices may drop by 30%, followed by consolidation in the summer, and peaking again by the end of the year. 4. Deepwater Asset Management's prediction: Predicts that Bitcoin will reach $150,000 in 2025, believing that the maturation of market and regulatory conditions will drive Bitcoin to new highs. 5. Changelly's prediction: Has an optimistic outlook for Bitcoin in 2025, predicting an average price of $107,353.25, with a peak price of $103,958.26, approximately 8% higher than the current price. 6. Predictions from CoinPedia and CoinCodex: respectively foresee potential high points for Bitcoin prices in 2025 at $169,046 and $177,384. 7. Blockware's prediction: Based on macro factors and broader Bitcoin adoption rates, Bitcoin's price could reach $150,000 or $400,000 in 2025. 8. Another prediction from VanEck: By the end of 2025, the cyclical peak price of Bitcoin will reach $180,000.
In summary, different institutions and analysts have varying predictions for Bitcoin's price in 2025, but it is generally expected that Bitcoin prices will rise significantly, with some predictions even reaching hundreds of thousands of dollars. It is important to note that these predictions carry uncertainties, and actual prices may vary due to market conditions, policy changes, and other macroeconomic factors.
$BTC The total cryptocurrency market cap has found support at the uptrend line. A rebound may be seen here. But if it falls below the uptrend line, the total market cap will hit the major support of $3 trillion.
The pancake $BTC has cleared 92,000 positions, the achievement of the multi-army has been reached, and we have arrived at the position we were waiting for, pushing in according to plan. The stop loss for this added portion is currently at the recent low.
Thank you to all the partners, I appreciate everyone's support along the way.
独领风骚必暴富
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Still need support from 200 more fans to complete Brother Sao's final battle of 2024! Achieve the goal of 30,000 fans! 🧧 You can also join Brother Sao's exclusive chat room, there will be pork rice tonight! 骚哥专属聊天室点此直接进领今晚猪脚饭 Brother Sao's exclusive invitation code: SO0N4UQV You can also help Brother Sao refer a few new friends, helping them save 20% on spot and contract rebates! Thank you to all the friends for your support and trust! A man who has shared publicly for one year and eight months without charging is indeed Brother Sao! #BTC上攻11万?