过去24小时内，比特币价格一度突破89000美元，截至发稿，其七日内涨幅接近30%，远超其他资产的表现。①Bitcoin's price has surged nearly 30% in the past seven days, breaking through $89,000 in the past 24 hours; ②Analysts predict that Bitcoin's price will continue to rise due to positive political momentum, social media hype, continued interest rate cuts, and the prospect of becoming a strategic reserve asset for the United States.
Caixin Media, November 12th (Editor: Ma Lan) The sentiment of bullish individuals on bitcoin is increasingly high. With the boost of the news of Trump's victory, more and more people are optimistic. $Bitcoin (BTC.CC)$ The price is expected to rise to $0.1 million by the end of the year.
James Butterfill, Research Director at CoinShares, pointed out that considering the positive political momentum, social media hype, ongoing interest rate cuts, and the prospect of Bitcoin becoming a strategic reserve asset for the United States, its price may further rise.
In the past 24 hours, Bitcoin's price has once again surpassed $89,000. As of the time of this report, its seven-day surge is close to 30%, far outperforming other assets.
Matt Hougan, Chief Investment Officer at Bitwise, stated that despite more and more investors seeking to join this upward trend, long-term holders are not willing to sell Bitcoin below $0.1 million, and short sellers are also not daring to go against the trend.
Analysts emphasize that due to strong bullish momentum, Bitcoin has not shown any significant retracement or consolidation so far.
These views support the bolder bets of Bitcoindata21. They believe that Bitcoin's first peak will reach $0.15 million, without significant consolidation before that, and then its price will fall to $0.12 million.
The frenzy in the coin circle
In the field of encryption, trader Peter Brandt pointed out on Monday that Bitcoin had a significant buy signal over the weekend, hinting that the price of Bitcoin will break through the $0.2 million mark. This is the most optimistic prediction so far.
Meanwhile, business intelligence company and coin trader Microstrategy bought over $2 billion worth of Bitcoin on Monday. It is reported that as of November 10, the company's ROI on held spot Bitcoin investments has exceeded 100%.
In addition, the Bitcoin exchange-traded funds are also in high demand, with over $1.5 billion of net inflow in the past week in the U.S.-listed Bitcoin ETFs.
Gemini exchange co-founder Cameron Winklevoss emphasized over the weekend that the momentum of Bitcoin breaking $80,000 is driven by stable ETF demand, not retail sentiment. This provides solid momentum for the upward trend, and it's just the beginning.
Editor/Somer
