Bitcoin

Coin

<ul class="news-points">
 <li>Top analysts predict that Bitcoin’s price will climb to $200,000 by 2025.</li>
 <li>MicroStrategy recently bought an additional 11,931 Bitcoins for $786 million.</li>
 <li>Bitcoin is trading between critical support and resistance levels.</li>
</ul>
Crypto analyst Nick, host of the Cheeky Crypto YouTube channel, explored the factors influencing Bitcoin’s current price trajectory, focusing on MicroStrategy’s recent Bitcoin acquisition and the movements of large holders, known as whales. In a new video, <a href="https://www.youtube.com/watch?v=Ic7_IIuQ15Y" target="_blank" rel="noopener noreferrer nofollow">Nick analyzed</a> Bitcoin’s recent price action and offered insights into what might lie ahead for the leading cryptocurrency.
Nick cited MicroStrategy’s $800 million <a href="https://coinedition.com/microstrategy-expands-bitcoin-holdings-with-786m-acquisition-completes-notes-offering/" rel="noopener noreferrer nofollow">note offering</a>, which facilitated its recent large-scale BTC purchase, as a significant factor in Bitcoin’s price development. According to recent reports, MicroStrategy bolstered its Bitcoin holding by acquiring an additional 11,931 Bitcoins for $786 million. This increased the investment company’s BTC holdings to 226,331 bitcoins, worth $15 billion.
Historically, announcements of such massive Bitcoin accumulations have coincided with bullish trends in the cryptocurrency’s price trajectory. However, BTC continued to experie…
The post <a href="https://coinedition.com/bitcoins-path-to-200k-can-whales-and-institutions-fuel-a-moonshot/" rel="noopener noreferrer nofollow">Bitcoin’s Path to $200K: Can Whales and Institutions Fuel a Moonshot?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin’s Path to $200K: Can Whales and Institutions Fuel a Moonshot?

Coin Edition

Other articles published on Jun 21, 2024

IRS Crypto Regulations And New Tax Form Refused To Be Complied By Consensys

Fireblocks and THORChain Team Up for Enhanced Crypto Trades

LayerZero ZRO Token Sees 16% Drop Amid Donation Controversy

Top Meme Coin Presale in 2024: Investors Hit the Crypto Lottery, Ditch Immutable X and Internet C...

Bitcoin price drop and crypto market turmoil intensifies — Is Germany to blame?

American retailer Target to roll out AI chatbot in US stores by August

Join our free newsletter for daily crypto updates!