Quote from: john_egbert on Today at 12:03:03 PM

Quote from: AirtelBuzz on Today at 11:49:38 AM

Quote from: NewRanger on January 14, 2025, 03:40:27 PM

Selling pressure comes from institutions and governments selling their assets. As I recall, some time ago in July, the German government started and 4 days ago on Friday, the US government also joined in selling 69,370 BTC that had been confiscated,

We have seen in various news that the bitcoins sold by the German government were seized bitcoins, just like the bitcoins sold by the US government were seized bitcoins. Maybe after this country sold bitcoin the price of bitcoin decreased slightly but currently the price of bitcoin is increasing again. We are currently seeing positive trends in the Bitcoin market like different states are accepting Bitcoin, different banks are accepting Bitcoin, different companies are accepting Bitcoin. Which are positive aspects for the Bitcoin market.

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but the good news is that yesterday Michael Saylor also just bought 2,530 BTC so the market is starting to move again, although another decline could occur at any time.

Michael Saylor just bought 2,530 Bitcoins a few days ago and there are many other companies that are regularly buying bitcoins. We saw on Twitter that Heritage Companies which has accepted Bitcoin reserves, they will also be buying Bitcoin regularly like MicroStrategy.

There is more bullishness to the situation than bearishness - institutions dropping off the Bitcoins they've seized is normal, and a bit of the dips here and there because of that - too, due to the sentiment and the minds of the people from this news.
But the overall trend is going up, in my opinion, especially going forward after 20th of this month.

Bitcoin is already 100k currently, and we will see the price pumping till it will pass 108k and make a new ATH. For bitcoin to reach 100k shows that it might reach $110k after the inauguration of Trump. This bull season will be one in a million because countries and tech firms are now building their bitcoin strategy reserve. Oklahoma has also joined the chain to build state bitcoin strategy reserve. Don't sell but buy and hodli.