Bitcoin in high altitude: only 11% still below his all -time high of $ 109,114 – is the big breakout ahead? (Photo: Freepik, Blkstudio)
After a strong April, Bitcoin (BTC) is now pushing to the all -time high. The cryptocurrency faces a brilliant upward movement, which threatens to join an equally intensive correction. What should investors know now?
Forecast: Bitcoin before “Final Countdown”?
From $ 84,650 to $ 96,860, an increase of +14.42%: In the past four weeks, Bitcoin has been able to shake off the Bearish Momentum quickly, now pushes towards the all -time high. That is $ 109,114, the current course with $ 96,892, consequently only a little more than -11%. Fresh green can also be seen in many old coins-today’s top performers: immutable (IMX) with an increase of +12.21%, quant coin (QNT, +8.54%) and EOS (EOS, +7.86%). Overall, however, the digital assets step a little on the spot: only +0.31% were able to increase the crypto markets globally within the last 24 hours. Forecast: What’s going on for BTC and Co. Now? Is there still enough fuel in the tank for further profits – or does the bulls slowly run out of breath? In the short term, BTC aims at $ 103,000 as a stopover, for example the popular Bitcoin analyst Willy Woo writes in his forecast: “BTC is on the way to a further breakthrough of the all-time high when the trend of capital flows. It is a solid long-term setup.” All reset would be offered for purchases, according to the New Zealander to his more than 1.1 million followers on x. The much -cited Chart expert Rekt Capital supplemented: The final countdown started – another upward movement, then the “big collapse” begins.
Bitcoin in front of 57 billion dollar investment
He puts everything on one card-and that is called Bitcoin: US entrepreneur and multi-billionaire Michael Saylor continues to cause a stir with his rigorous Bitcoin strategy. The 57-year-old buys, buys, buys-and one end is not yet in sight. 553,555 BTC with a total value of $ 37.9 billion, his company holds Microstrategy, he himself, according to his own statement, 17,732 coins. “I will buy Bitcoin forever,” says Saylor, even “at 1 million per coin”. It is a “very simple idea”: You should “simply continue to buy Bitcoin” with available capital, the price will be “upgraded forever” in relation to the dollar. He has followed these words: He and his company Bitcoin have accumulated since 2020, now another record purchase could be imminent. Because: According to the company’s financial planning, another $ 57 billion is currently available for Bitcoin investments! At current prices, the “Bitcoin Extremist” would get around 600,000 BTC. So many BTC concentrates in just a few hands – that feeds fears of a systemic risk before a second “FTX”.
What happens to the Bitcoin course when Microstrategy stumbles? What if Saylor sees itself forced to sell coins? Saylor’s continuous investments are still underpinning the thesis of “digital gold”, the accumulations are still driving the Bitcoin bulls. As Coinshares reports, Europe’s largest asset manager for digital assets, digital investment products have recorded tributaries of $ 3.4 billion in the past week-according to the company, “the greatest inflows since mid-December 2024 and the third largest weekly refuses in history”. Even the latest purchases may have had a positive impact on the short -term course of the course. But the worry remains how the pseudonymic industry observer “digital perspective” formulates on X: “Could Microstrategy be a single point for Bitcoin and bring in the entire market?”
Disclaimer:
The author and/or connected persons or companies have cryptocoins, including bitcoins. This article represents an expression of opinion and no investment advice.