Bitcoin - Will Bitcoin return to above $100,000?!

3 ngày trước

Bitcoin is above the EMA50 and EMA200 in the four-hour time frame and is trading in its ascending channel. Capital withdrawals from Bitcoin ETFs or risk off sentiment in the US stock market will pave the way for Bitcoin to decline. One can look for Bitcoin sell positions in the supply zone.
Bitcoin's downward correction and its placement in the demand zone will allow us to buy it. It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important.

In 2025, key narratives in the cryptocurrency market are expected to include asset tokenization, artificial intelligence, and Bitcoin as a reserve asset. Experts also predict that meme coins might become a major trend, while maintaining caution regarding Solana and Ripple ETFs.
In 2024, the crypto market experienced increased adoption and institutional investment. Experts anticipate significant trends in 2025 as the market matures and Bitcoin’s upward trajectory continues.

ETF providers are exploring more innovative and potentially riskier ways to attract investors to cryptocurrencies. New applications submitted to the U.S. Securities and Exchange Commission (SEC) include ETFs converting S&P500 returns into Bitcoin and funds investing in convertible bonds to purchase Bitcoin.
Additionally, Volatility Shares aims to launch inverse and leveraged Solana funds.If approved, more than ten new cryptocurrency-related funds could become available to investors in 2025.

Reports indicate that the Bitcoin network settled over $19 trillion in transactions in 2024, more than double the $8.7 trillion settled in 2023.
At the height of the 2021 bull market, Bitcoin’s transaction volume reached approximately $47 trillion. However, this volume significantly declined in 2022 and 2023. Nevertheless, in 2024, Bitcoin’s network reestablished itself as a store of value and medium of exchange with over $19 trillion settled.

Robert Kiyosaki, author of the best-selling book Rich Dad, Poor Dad, has predicted Bitcoin’s price to range between $175,000 and $350,000 in 2025. A strong advocate of Bitcoin, Kiyosaki believes the cryptocurrency can serve as a hedge against global economic volatility.

According to data from SaylorTracker, MicroStrategy currently holds 446,400 Bitcoin worth approximately $43.7 billion. Michael Saylor, co-founder of MicroStrategy, shared a Bitcoin chart from SaylorTracker on January 5, hinting at potential Monday purchases. He tweeted, “Something on SaylorTracker.com doesn’t seem right.”

The previous week, on December 29, Saylor shared a similar chart, and on December 30, MicroStrategy purchased 2,138 Bitcoin at an average price of $97,837 per unit. These purchases are part of the company’s 21/21 program, which aims to acquire $42 billion worth of Bitcoin through $21 billion in stock issuance and $21 billion in fixed-income securities.

MicroStrategy’s inclusion in the Nasdaq Index on December 23, 2024, provided traditional stock investors indirect exposure to Bitcoin through ETFs. Following its inclusion, the company held a special shareholder meeting to secure approval for increasing funds to buy more Bitcoin.
According to a December 23 filing with the SEC, MicroStrategy has requested shareholder approval to increase its Class A common stock from 330 million to 10.3 billion shares.