Bitcoin is on a path that could lead it to $100,000, contingent on the demand from short-term holders balancing profit-taking by long-term holders. After a notable decline, Bitcoin closed November at nearly $96,506, showing a 37.3% gain for the month. As December approaches, historical trends suggest that Bitcoin typically performs well during halving years, but ...
Bitcoin is nearing the significant $100,000 milestone, raising excitement among investors about its leading position in the cryptocurrency Market. Despite this bullish trend, some long-term holders are showing signs of selling, which may impact Bitcoin’s price stability. Recently, the behavior of these holders has turned negative, indicating decreased confidence and potential volatility ahead. However, key ...
Investors are growing concerned about Bitcoin’s recent price drops, with predictions of a 20-25% decline in the global M2 money supply. Currently priced at $92,864, Bitcoin has fallen nearly 9% from its peak of just under $100,000, partly due to long-term holders selling a significant amount. Analysts have noted that Bitcoin typically mirrors M2 trends ...
