Today, #BTC broke the $64,000 level, where it last traded on August 26. Experts cite the recovery of the U.S. stock market after the Fed's rate cuts and the Bank of Japan's decision to maintain its rates as the main drivers of the growth.
#ETF also saw capital inflows, with over $158 million added yesterday, signaling positive sentiment among institutional investors.
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#Opinion
πͺ Alex Adler from #CryptoQuant believes that market participants who are inclined to sell #BTC are no longer willing to sell at the current levels
The average amount of loss-making sales has dropped from $5 million to $4.7 million, signaling that even short-term holders selling at a loss are preparing for an increase in Bitcoin's value.
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The average amount of loss-making sales has dropped from $5 million to $4.7 million, signaling that even short-term holders selling at a loss are preparing for an increase in Bitcoin's value.
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According to him, although #BTC is correlated with the stock market, its fundamental differences from government assets eliminate counterparty risk β when one party in a financial transaction fails to meet its obligations.
#QuoteOfTheDay
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#Opinion
πͺ #PlanB has published a new forecast for the price of #BTC
According to him, #Bitcoin will close October at around $70,000, after which the coin will experience significant growth:
π In November, following the elections and Trump's presumed victory, BTC will hit a new ATH, reaching $100,000.
In December and January, the levels of $150,000 and $200,000 will be surpassed, driven by the inflow of funds through #ETFs.
March β $300,000
April β $400,000
π In May, Bitcoin will reach half a million dollars due to widespread adoption in most countries.
π€ In June, AI-based autonomous arbitrage will be launched, and the coinβs price will hit $600,000.
From July to December 2025, PlanB predicts Bitcoin will reach $1,000,000 and trigger massive #FOMO among market participants. Then, a bearish trend reversal will occur, with a price floor of $200,000.
π₯ β Fully agree
πΏ β I'd be happy to see at least $100,000 in the next couple of years
β
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According to him, #Bitcoin will close October at around $70,000, after which the coin will experience significant growth:
In December and January, the levels of $150,000 and $200,000 will be surpassed, driven by the inflow of funds through #ETFs.
March β $300,000
April β $400,000
From July to December 2025, PlanB predicts Bitcoin will reach $1,000,000 and trigger massive #FOMO among market participants. Then, a bearish trend reversal will occur, with a price floor of $200,000.
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#Opinion
πͺ While #Bitcoin is showing the best September in its history β +10.6% compared to the average of -3.5%, #CryptoQuant reminds us that the last major resistance level for #BTC is around $63,300.
According to analysts, this is where the main group of short-term holders, who hold coins for 3 to 6 months, are concentrated.
Once this level is surpassed, the path to a new ATH will be openπ
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According to analysts, this is where the main group of short-term holders, who hold coins for 3 to 6 months, are concentrated.
Once this level is surpassed, the path to a new ATH will be open
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Like the price of #BTC, the index is showing unusual figures for September.
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