MicroStrategy's Major Purchase: MicroStrategy’s recent acquisition of 27,200 BTC at an average price of $74,463 reinforces its bullish outlook. This buy has pushed Bitcoin's valuation and likely contributed to the recent rally, with Bitcoin now trading near $84,000. The company now holds 279,420 BTC, valued at approximately $23 billion, showcasing substantial institutional backing, which could add stability and investor confidence.
Crypto Investment Inflows: Following the recent US elections, there has been a surge in crypto investment inflows, with $1.98 billion added, pointing to renewed investor interest in digital assets. The post-election sentiment and optimism about future economic policy may further boost Bitcoin's demand, sustaining its current upward momentum.
Market Sentiment: With Bitcoin nearing its ATH, the market is at a crossroads. Some analysts predict a rally toward $100,000, while others warn of a potential correction due to overbought conditions. The massive inflows and institutional investments suggest optimism, but caution is advised due to the likelihood of profit-taking and market volatility.
Outlook: Bullish Scenario: Stability above the $79600 resistance could propel BTC/USD toward the $92800 and $100,000, driven by strong institutional support and positive market sentiment. Bearish Scenario: Failure to break resistance could lead to a correction, with potential support around $71,400.
Conclusion: The BTC/USD chart reflects a strong bullish outlook, but it is crucial to remain cautious of potential corrections, especially near key resistance levels. MicroStrategy’s large-scale investment and post-election inflows provide a supportive backdrop, making a $100,000 target plausible if Bitcoin sustains its current momentum.
previous idea:
トレード終了: 利益確定目標に到達
BTCUSD
Live Update
The price has reached 92K and is now approaching 93K as we mentioned. A sustained move above 93K could propel it further toward the 100K target. However, if it remains below 93K, a strong bearish correction is likely, potentially dropping to around 72K, given the lack of volume supporting Bitcoin at current levels.
Additionally, Bitcoin has become the 7th largest asset globally, with a market cap exceeding $1.80 trillion.