#Gate.io Annual Report 2024 #XmasWithGatePost #BTC is on a pullback, what's next?#


##bt BTC##ETH #GateioInto11
Bitcoin Update BTC Dips but Institutions Step In 🚀💰
Bitcoin ($BTC ) holds steady around $95,000, down 12% from its recent peak of $108,353. The decline follows the U.S. Federal Reserve's cautious stance on interest rate cuts for 2025.
📈 Key Highlights:
- 💸 Institutional Buys:
- Japanese firm Metaplanet Inc. spent $60 million to grab 620 BTC during the dip.
- El Salvador added 29 BTC to its reserve, now totaling 5,995 BTC worth over $560 million.
- 📊 ETF Movements:
Bitcoin ETFs saw $1.4 billion inflows early last week, followed by $950 million outflows as corrections deepened.
🔍 Technical Overview:
- Momentum Check:
RSI remains solid at 67, while the MACD shows bullish green bars.
- Price Zones:
- Resistance: Recovery to $100,000 is the first hurdle.
- Support: Corrections may stabilize between $81,500 and $89,376.
😎 Market Sentiment:
The Fear and Greed Index indicates "Greed," reflecting optimism among investors despite the pullback.
🌟 Future Outlook:
VanEck's report predicts that U.S. accumulation of 1 million BTC could cover 35% of national debt by 2049, assuming Bitcoin grows at 25% annually.
Bitcoin’s dip hasn’t shaken institutional confidence, and market watchers remain upbeat about its long-term potential. 🚀
BTC0,87%
ETH1,74%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
Shuvomalakervip
· 2024-12-24 13:15
To Da Moon 🌕
Reply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt