If GOLD is pushing up like this and #Bitcoin doesn't reach $150k soon, it would be a bit of a waste.
When will the Crypto investors acknowledge it like GOLD so that they can accumulate it daily (instead of going all in on Altcoins, they should set aside a savings amount, right?)
📈 Recent Update on #Bitcoin and the market
> 106k, the price zone of 112k updated at the end of September (a few days ago) has increased by more than 10k.
‼️ Currently, Bitcoin has made a comeback, approaching the old peak area (this zone is also sensitive, but buying pressure is still quite strong)
💬 Specifically for you guys, #Bitcoin has increased by about 15% in the past week, from around 108k to over 123k, just a stone's throw from the ATH of 124k.
💰 Currently, BTC is trading around 122.4k after several days of continuous INCREASE, just as you expected with the keyword "Uptober", but Altcoin has not yet (if there is strong cash flow in the BSC system, it can push short Ok)
🔼 Positive factors along with risks:
Institutional fund demand is still very strong, forecasts from Standard Chartered indicate that $BTC could reach 135k in the short term and 200k by the end of this year. (Along with many forecasts from institutional funds and top exchange CEOs, OG KOLs in the industry about Bitcoin's very high potential... it shows great expectations and they are buying, not blindly)
BTC is being seen as a "safe haven asset" amid the ongoing U.S. government shutdown entering its third day, attracting investors to avoid risks. (I will elaborate more on this in the clip)
⌛ On-chain data shows the number of "BTC millionaires" is increasing: Currently, there are about over 190k holders of #Bitcoin owning assets over 1 million dollars, continuing to drive the narrative among the wealthy in crypto.
✔️ Whales are starting to accumulate strongly again after days of distribution sales
✔️ The market is confident and waiting for the FED to cut at least another 25 points in the October meeting (the vote has reached 96%)
🔖 Are there risks? Yes, it comes from hacking incidents in Crypto, really too many and large this past year, losing billions of dollars (so many investors are still very cautious with this asset), in general, HIGH SECURITY is the main issue (the regulations are quite open from the TRUMP administration, so it's fair to say it's wide open :))
More details in the clip, guys.
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