CandleFocus Long-Term Bitcoin Holders Remain Greedy Amid Price Break Toward $100,000, Why This Is Good
2024-11-25
Author: Content Editor
Long-term Bitcoin holders are showing high levels of greed as the price of BTC continues to rise, with 98% of Bitcoin holders currently making profits. This suggests that fewer coins are available for trading, creating scarcity and potentially driving up the price further. Crypto analyst Ali Martinez predicts that if historical trends hold true, Bitcoin could reach a potential price peak between June and September 2025. Despite the anticipation of Bitcoin hitting $100,000, many holders are holding onto their assets, discouraging panic selling and maintaining optimism about future price surges. Martinez recently revealed that Bitcoin could reach its $100,000 all-time high, as indicators show bullish sentiment. The current price of Bitcoin is $98,288, just a 1.74% increase away from the $100,000 milestone.
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