BREAKING
394d 0h ago

Bitcoin Price Surge Anticipated as Institutional Investors Reaccumulate Below $100,000 Amid Pro-Crypto Policies

BTC

BTC/USDT

$71,336.87
-6.79%
24h Volume

$44,848,329,419.30

24h H/L

$76,617.73 / $70,140.00

Change: $6,477.73 (9.24%)

Long/Short
77.9%
Long: 77.9%Short: 22.1%
Funding Rate

+0.0019%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$70,942.95

-3.04%

Volume (24h): -

Resistance Levels
Resistance 3$76,971.52
Resistance 2$74,594.61
Resistance 1$71,474.71
Price$70,942.95
Support 1$70,140.00
Support 2$66,407.06
Support 3$58,306.99
Pivot (PP):$71,474.71
Trend:Downtrend
RSI (14):20.9

According to recent insights from Blocktrends Research Director Cauê Oliveira, following an impressive surge to an all-time high at the close of 2024, Bitcoin witnessed a notable decline as institutional investors liquidated substantial holdings. However, market dynamics are shifting, with these entities recently re-entering the market, capitalizing on purchasing opportunities below the psychologically significant $100,000 range. Analytics reveal that between December 21 and the subsequent week, addresses holding between 1,000 to 10,000 BTC divested approximately 79,000 BTC. Following this market correction, these wallets have commenced accumulation at prices hovering near $95,000. Oliveira emphasizes that potential policy shifts, particularly under the anticipated pro-crypto governance of incoming U.S. President Donald Trump, coupled with increasing national adoption rates, may pave the way for Bitcoin to reach another all-time high within this calendar year.

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