The post Bitcoin Institutional Investment Trends Signal Major Breakout Ahead appeared first on Coinpedia Fintech News
Bitcoin (BTC) has brought the entire altcoin market into a period of calm. Historically, such quiet phases are often followed by major price movements. Despite solid fundamentals, Bitcoin has struggled to break through the $69,000 to $72,000 resistance range over the past seven months.
However, several signs point to an upcoming breakout. Bitcoin’s price is positively correlated with gold, which has recently entered a price discovery phase, adding to the optimism.
Institutional Interest in Bitcoin Heats Up
MicroStrategy Inc. (NASDAQ: MSTR) has seen its stock jump over 300 percent this year, even without launching a new product. This success is attracting other major companies, including BlackRock and Metaplanet, who are eyeing Bitcoin investments. Today, Microsoft, valued at $3 trillion, announced that shareholders will vote in December on whether to invest in Bitcoin, signaling increasing corporate interest.
On-chain data shows that the amount of Bitcoin on centralized exchanges has dropped to a multi-year low of around 2.39 million BTC. At the same time, U.S. spot Bitcoin ETFs have accumulated over $60 billion worth of Bitcoin in recent months, pointing to strong institutional demand.
Also Read : Bitcoin, ETH, & XRP Price Prediction: Bull Run To Commence Post Elections? ,
A Bull Run Is Coming!
Crypto analyst Michaël van de Poppe believes Bitcoin is on the brink of an exciting phase. Based on Bitcoin’s four-year cycle, which includes the halving event, he predicts the price could reach between $300,000 and $500,000 by 2025. This bullish outlook is shared by well-known Bitcoin analyst PlanB.
Wall Street banks that have invested in Bitcoin through spot ETFs see a potential for a parabolic price rally if Donald Trump wins the upcoming presidential election. Such a result could act as a major catalyst, driving Bitcoin to new all-time highs.
Could Bitcoin’s next bull run be its biggest yet? Share your predictions.
The post Bitcoin Institutional Investment Trends Signal Major Breakout Ahead appeared first on Coinpedia Fintech News
Bitcoin (BTC) has brought the entire altcoin market into a period of calm. Historically, such quiet phases are often followed by major price movements. Despite solid fundamentals, Bitcoin has struggled to break through the $69,000 to $72,000 resistance range over the past seven months.
However, several signs point to an upcoming breakout. Bitcoin’s price is positively correlated with gold, which has recently entered a price discovery phase, adding to the optimism.
Institutional Interest in Bitcoin Heats Up
MicroStrategy Inc. (NASDAQ: MSTR) has seen its stock jump over 300 percent this year, even without launching a new product. This success is attracting other major companies, including BlackRock and Metaplanet, who are eyeing Bitcoin investments. Today, Microsoft, valued at $3 trillion, announced that shareholders will vote in December on whether to invest in Bitcoin, signaling increasing corporate interest.
On-chain data shows that the amount of Bitcoin on centralized exchanges has dropped to a multi-year low of around 2.39 million BTC. At the same time, U.S. spot Bitcoin ETFs have accumulated over $60 billion worth of Bitcoin in recent months, pointing to strong institutional demand.
Also Read : Bitcoin, ETH, & XRP Price Prediction: Bull Run To Commence Post Elections? ,
A Bull Run Is Coming!
Crypto analyst Michaël van de Poppe believes Bitcoin is on the brink of an exciting phase. Based on Bitcoin’s four-year cycle, which includes the halving event, he predicts the price could reach between $300,000 and $500,000 by 2025. This bullish outlook is shared by well-known Bitcoin analyst PlanB.
Wall Street banks that have invested in Bitcoin through spot ETFs see a potential for a parabolic price rally if Donald Trump wins the upcoming presidential election. Such a result could act as a major catalyst, driving Bitcoin to new all-time highs.
Could Bitcoin’s next bull run be its biggest yet? Share your predictions.
