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Bitcoin Rise Continues: Is the Real Rally Just Beginning?
As reported by Kriptokoin.com, Bitcoin has been rapidly rising like a rocket climbing into the sky in recent weeks. Reaching an all-time high of $89,229, BTC has accelerated the heartbeat of investors. However, some believe that this rise is just the beginning. Andrew Tate, one of the colorful figures in the crypto world, said that the real potential of Bitcoin has not yet been discovered. According to him, the real bull run is on the horizon, and this time the peak will truly be "infinite."
According to Tate: Bitcoin, the New Form of Money
Andrew Tate doesn't see Bitcoin just as an investment vehicle. According to him, BTC is the currency of the future. He believes that as fiat currencies lose value, Bitcoin will show its true power. Tate says, 'Fiat is now garbage, why sell BTC?' With its deflationary nature, Bitcoin will remain on the stage as a value store that constantly increases purchasing power.
Tate's view is quite striking. Because it not only talks about financial gain, but also anticipates a mindset change. People will see Bitcoin as a source of wealth that they will hold onto forever. 'There is no need to sell, because everything is getting cheaper against Bitcoin,' he says. From real estate to stocks, all assets will succumb to Bitcoin.
The Hunger of Corporates for Bitcoin
Bitcoin is not only the favorite of individual investors, but also on the radar of institutional investors. Recently, MicroStrategy's purchase of an additional 27,200 BTC, bringing the total to 279,420 BTC, is a concrete indication of this interest. The company not only diversified its portfolio with Bitcoin purchases, but also increased its stock value by 8 percent. These steps indicate that BTC has become an "institutional reserve" asset.
And what about the other major players? Names like Matt Hougan predict that Bitcoin could reach not only hundreds of thousands, but also a million dollars. At this point, it is being discussed that more crypto-friendly regulations will be effective with Donald Trump's re-election. So, Bitcoin becomes an important player not only in terms of price, but also in the political scene.
What Do Technical Indicators Say?
When you look at the charts, you see Bitcoin (BTC) moving gracefully in its ascending channel like a dancer. Expert Gareth Soloway thinks that the $100,000 level is not too far away. However, every rise needs a break. According to Soloway, there may be a pause around $86,000 in the short term. If there are profit takings at this level, the price could fall to $74,000. But no need to panic, as this is just a part of the bigger picture.
These pullbacks can pave the way for Bitcoin to rise on a stronger footing in the long term. As long as the support levels hold firm, there are new highs ahead for BTC. What if it falls below 74,000 dollars? Then things could get a bit complicated, and we might retest 58,000 dollars. However, the overall trend indicates that Bitcoin is moving steadily in a bull market.
What's on the Horizon for Bitcoin?
The story of Bitcoin is more than just a success story. Nowadays, it is being discussed how BTC will revolutionize the financial world as much as the movement of prices. If Andrew Tate and other analysts are right, this will be a turning point not only for investors but for the entire financial system.
In the coming months, all eyes will be on Bitcoin. As we head towards the summit, it is crucial for investors to carefully monitor every step of this exciting journey. Because this is not just a rally, it will herald a new economic order. Be prepared, Bitcoin is coming to change the world.
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