tldrdailynews.com logo

Bitcoin Surges Amid Policy Optimism and Long-Term Holder Confidence

1 min read
Source: Cointelegraph
Bitcoin Surges Amid Policy Optimism and Long-Term Holder Confidence
Photo: Cointelegraph
TL;DR

Bitcoin long-term holders, who have held their coins for over 155 days, are taking profits as Bitcoin surpasses $90,000, viewing it as a profit-taking zone rather than a target to hold out for. Despite increased sell pressure, Bitcoin's price remains stable due to ETFs absorbing the sold coins. Prominent Bitcoin supporters, like Michael Saylor, remain optimistic about Bitcoin reaching $100,000 by year-end, with historical trends suggesting November could be a strong month for Bitcoin's price growth.

Topics:businesscryptocurrency#bitcoin#cryptocurrency#etfs#long-term-holders#price-target#profit-taking
Share this article
  1. Bitcoin long-term holders do not see $90K 'as an enemy' — Analyst  Cointelegraph
  2. Bitcoin rises over 16% in a week on hopes of crypto-friendly U.S. policy: CNBC Crypto World  CNBC
  3. ‘Bitcoin summer’ blows in following Trump, GOP victories  NBC News
  4. Long-term holders are locking in profit after Bitcoin’s rally to new ATHs  CryptoSlate
  5. Global crypto market tops $3 trillion on hopes of Trump-fuelled boom  Reuters

Want the full story? Read the original reporting

Read on Cointelegraph