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

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