Block (Jack Dorsey) just added 120 BTC in Q3!
Total holding now: 9,237 BTC worth ~$722M
This is HUGE. While retail is scared, institutions are accumulating.
My take: When companies like Block buy the dip at $75.6k, it shows $75k is the new strong bottom. Next target $80k+
What do you think? Are institutions right?
#BTC #Bitcoin #CryptoNews
*POST 2 - Kal Subah Ke Liye:*
Bitcoin bounced back to $78,300 after dropping to $75,600 post US Midterms.
Why the V-shape recovery?
1. Democrats win = More money printing expected
2. $75.6k was heavily bought (liquidation over)
3. US stocks also recovering
I think BTC will test $80,000 again this week. If it breaks $80k, $84k is next.
Do you agree? Long or Short here?
#Bitcoin #BTC #Trading
Total holding now: 9,237 BTC worth ~$722M
This is HUGE. While retail is scared, institutions are accumulating.
My take: When companies like Block buy the dip at $75.6k, it shows $75k is the new strong bottom. Next target $80k+
What do you think? Are institutions right?
#BTC #Bitcoin #CryptoNews
*POST 2 - Kal Subah Ke Liye:*
Bitcoin bounced back to $78,300 after dropping to $75,600 post US Midterms.
Why the V-shape recovery?
1. Democrats win = More money printing expected
2. $75.6k was heavily bought (liquidation over)
3. US stocks also recovering
I think BTC will test $80,000 again this week. If it breaks $80k, $84k is next.
Do you agree? Long or Short here?
#Bitcoin #BTC #Trading