Insights in Bitcoin and expectations

9 ม.ค.

Insights in Bitcoin and expectations; the analysis highlights Bitcoin’s historical tendency for sharp growth followed by corrections.

If the projections hold, 2024 may see a continuation of Bitcoin's bullish cycle with potential pullbacks acting as opportunities for long-term holders.

Notable records are marked for specific months like Dec 17, Nov 21, and projections for Dec 24.
Significant pullbacks occurred after these peaks, highlighting the cyclical nature of Bitcoin's market.
Intervals between peaks, such as 34 months from the Dec 17 peak to a new major record, and similar intervals expected for upcoming cycles.

It takes several months (or even years) for prices to recover post-pullbacks, often leading to a new bullish phase.

Support and Resistance Key levels $33,190, $61,405, $71,339
These levels act as potential areas for both pullbacks and new highs.

10 ม.ค.

บันทึก

MicroStrategy
Aug 2020 – Dec 2024
423,650 BTC (~$42.43 billion as of Dec 2024)
Adopted Bitcoin as primary treasury reserve asset to hedge against currency devaluation and achieve long-term value appreciation.

Tesla
Feb 2021
$1.5 billion (~42,902 BTC at the time)
Diversify and maximize returns on cash holdings; demonstrate liquidity of Bitcoin as an alternative to holding cash on balance sheet.

Marathon Digital Holdings
2024
17,631 BTC (~$1.23 billion as of May 2024)
Build the largest Bitcoin mining operation in North America

United States Government
Various Seizures
208,109 BTC (~$20.5 billion as of Dec 2024)

Millennium Management
Q1 2024
$1.95 billion in Bitcoin ETFs

Fidelity Investments
Jan 2024
Launched Spot Bitcoin ETF

Winklevoss Capital
Apr 2013
Approximately 1% of all Bitcoins in circulation at the time (~$11 million in 2013)
Early belief in Bitcoin's potential as a transformative technology; aim to facilitate and promote the adoption of cryptocurrencies through investments and the creation of related financial products.

State of Michigan Retirement Fund
2024
Approximately $7 million in ARK 21Shares Bitcoin ETF
Diversify pension fund investments; seek higher returns amid low bond yields; cautiously enter the cryptocurrency market following regulatory approvals of Bitcoin ETFs.

State of Wisconsin Investment Board
2024
Significant shares in iShares Bitcoin Trust (IBIT) and Grayscale Bitcoin Trust (GBTC)

Brevan Howard Asset Management
Nov 2024
Significant returns from Bitcoin investments

26 ม.ค.

การซื้อขายยังคงดำเนินอยู่

The price could potentially may reach around 138K before experiencing a 50% correction to approximately 67K. However, certain variables that were not present in previous cycles, such as the involvement of MicroStrategy and BlackRock, could mitigate the severity of the crash, potentially limiting it to around 85K.