#BTC On Friday afternoon, MicroStrategy's share price climbed to $341.14, recovering from a 40% drop in the past 24 hours. The firm, the largest corporate holder of Bitcoin, recently bought 2,138 BTC at around $97,837 each, totaling about $209 million. This marks their eighth consecutive week of Bitcoin purchases.
BlackRock Bitcoin Trust Experiences Significant Daily Outflow According to PANews, Tree News reports that BlackRock's Bitcoin Trust (IBIT) has seen a daily outflow of approximately $330.8 million.
Analysis $BTC 12/14/2024 #BTCis not doing anything unusual here, although we are seeing extreme pain across the market with #altcoin bleeding -7%, despite this BITCOIN continues to do very well, of course it did not recover from $102K yesterday, and this made it easier for the BEARS to push the price down again, however, I would like to draw your attention to an important fact...
This retest in this region where we broke from $100,400 is really important and fundamental for the BULLS too, and if you haven't noticed yet, the same action we did in the green band that I had drawn before is forming here again, now I made a blue band to illustrate this.
We don't need much here to jump to $105K, we just need the BULLS to hold on for another 4H above the current blue band.
I know it sounds bad, but this impression is generated precisely because of the fall in Altcoins, since Bitcoin is only negative by 0.60%, but don't be fooled, Altcoins know the way up, and this -7% fall can be undone in 1 day.
Friends, I know that there are many more people calling for CHAOS than for common sense, so I INSIST that you take advantage of good opportunities in Altcoins, of course, most of them falling by only 7% is nothing compared to the fact that most of them recently rose by 30%, but there are still good opportunities in the market in good Altcoins.
It is at these times that you want to buy and HOLD, ignore the noise, the STRONG ones will see the rewards soon.
I will not bring the positions of BEARS and BULLS because it is the weekend and none of that matters on the chart these days. (Did I already say that I hate weekends?!).
I will make a post about Altcoins in the next few minutes, there is no reason to panic, hold on!
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.