đ Bitcoin has rocketed past 109k, smashing ATHs! Where's it going next? Drop your prediction for this week's $BTC closing price in the comments of this post đ đThe top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now! *Campaign Period: 2025-01-20 07:30 to 2025-01-26 20:00 (UTC) âŒïžEnsure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry. Terms and Conditions: This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-26 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-26 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of same predictions by multiple users, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 14 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelinesor Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
New airdrop: DePINed X ChainGPT Pad (DePIN) Total Reward: $10,000 worth of DePIN & CGPT Rate: âïžâïžâïžâïžâïž Winners: Top 500 Distribution: after airdrop ends
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Bitcoin Price Prediction: Will BTC Rebound to $132K? đ
Bitcoin (BTC) recently dipped below $95K, raising bearish concerns among traders. However, key indicators hint at a potential rebound, with some analysts targeting $132K during periods of extreme market euphoria.
Key Highlights:
Bearish Momentum: BTC has struggled since mid-November, with futures open interest (OI) stagnating for months.
MVRV Indicator: The Market Value to Realized Value (MVRV) ratio suggests a rebound as it remains above its 1-year moving average of 2.18. Historically, BTC sees extreme euphoria when the MVRV ratio exceeds 3.2, aligning with a price target of $132K.
Factors Driving BTC's Next Move
1. Institutional Confidence: Growing adoption by institutions continues to attract capital away from traditional assets like gold.
2. Pro-Crypto Policies: The upcoming administration under President-elect Donald Trump could bolster Bitcoin adoption, particularly with a potential U.S. strategic Bitcoin reserve.
3. Global Adoption: Nation-states may follow El Salvadorâs lead, further driving demand amid Bitcoinâs finite supply.
Outlook for BTC
Despite short-term bearish trends, long-term prospects remain bullish due to institutional interest, policy support, and supply-demand dynamics.
đĄ Analysts believe BTC could exceed $500K by 2030 and even $1M by 2050, but these remain speculative.
Stay tuned for updates on BTCâs next big move! đŻ Don't forget to follow us @BITCOIN BANGLADESH -BD â€ïž
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