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Bitzo 2025-02-06 13:52:20

Bitcoin Price Analysis: BTC Gaining Strength As It Eyes $100,000

Bitcoin (BTC) is gaining strength, with the price climbing above $99,000, up by 2.44% as buyers look to reclaim $100,000 and kickstart a move towards $105,000 and beyond. Analysts have predicted BTC will see a decisive price move in the coming weeks. While short-term volatility is set to continue, the long-term outlook for the flagship cryptocurrency remains bullish. MicroStrategy Rebrands, Reports Increased BTC Acquisitions In Q4 MicroStrategy, the largest corporate holder of Bitcoin (BTC) , has rebranded to Strategy. The company stated it was almost halfway to its ambitious goal of raising capital as it embarked on a BTC buying spree following Donald Trump’s election victory. Strategy revealed it had acquired 218,887 BTC for just over $20 billion since the end of the third quarter and holds a total of 471,107 BTC on its balance sheet. Speaking about its fourth quarter numbers, CEO Phong Le stated, “We have completed $20 billion of our $42 billion capital plan, significantly ahead of our initial timelines, while leading the digital transformation of capital in the financial markets. Looking ahead to the rest of 2025, we are well-positioned to further enhance shareholder value by leveraging the strong support from institutional and retail investors for our strategic plan.” Strategy shares remained unchanged during extended trading hours. The company unveiled its new name and logo, underscoring its focus on Bitcoin. Strategy had planned to issue $42 billion in securities between 2025 and 2027. With the crypto market rallying, the company bought BTC aggressively, making investors wonder if its plans had changed. Bitcoin Reserve Could Be Weaponized Arthur Hayes, the Chief Investment Officer at Maelstrom Fund, has said a Bitcoin strategic reserve could be a net negative for the industry and be used as a political weapon. Hayes added it could even be reversed if Democrats won the 2028 election and decided to sell the stockpile. Hayes stated in a blog post on February 6, “Broadly speaking, many misguided crypto folks wish for the US government to print dollars and purchase Bitcoin as part of a national stockpile [...] I believe these folks are asking for the wrong things. There would be 1 million Bitcoins just sitting there, ready to be sold; it just takes a signature on a piece of paper. It turns a Bitcoin reserve or “national stockpile of shitcoins” held by the US government into a “potent political weapon.” Hayes added that if Donald Trump failed to slow inflation, stop wars, and fix supply issues, Democrats could gain the upper hand, win the House majority, and even punish crypto investors for siding with Trump. However, asset management firm VanEck is optimistic about a Bitcoin stockpile, predicting it could reduce America’s national debt by 35% by 2049. Speculation about a Bitcoin reserve spiked after Trump announced plans for a sovereign wealth fund. Arkham Intelligence Unveils Satoshi’s BTC Vault Blockchain analytics firm Arkham Intelligence has unveiled its discovery of $108 billion in BTC held within recognized wallets linked to Satoshi Nakamoto, Bitcoin’s enigmatic creator. The revelation comes sixteen years after Bitcoin’s inception and offers unprecedented insight into Nakamoto’s financial footprint, yet preserves the mystery of their identity. The data reaffirms Nakamoto’s status as the Bitcoin ecosystem’s most elusive architect, with the wallets untouched since genesis in 2009. “Update: $100 billion in Satoshi Nakamoto’s holdings now on Arkham. We’ve added an additional 22,000 Satoshi addresses with a total BTC balance of 1,096,354 to the Satoshi Nakamoto entity on Arkham. These are derived from a known mining pattern referred to as the Patoshi Pattern and include the only (known) addresses from which Satoshi spent BTC from.” Bitcoin (BTC) Price Analysis Bitcoin (BTC) is gearing up for a decisive price move in the coming weeks if some analysts from Bitfinex are to be believed. According to the analysts, BTC could shift as macroeconomic developments unfold, pointing out that the flagship cryptocurrency has been trading within a 15% range since mid-November when its price was around $90,000. Historically, a price range of 15%-20% tends to resolve in either direction within 80-90 days. The analysts added that despite BTC’s correlation with macro conditions, its ability to stay above its pre-election price despite market turbulence highlights its relative strength. BTC is expected to be volatile in the short term, but its long-term outlook remains bullish. “While Bitcoinʼs short-term volatility may continue in response to macroeconomic influences, its long-term outlook remains positive.” Other analysts believe if the US government confirms its plans with BTC , the asset could see a significant spike in value. “The day the US government announces they are buying bitcoin, the price will go up $50,000 in a single 1-minute candle. Do not get caught short.” BTC has seen high levels of volatility since Monday, when it dropped to a low of $97,766 before recovering to settle at $102,064. The price continued to drop on Tuesday, falling 0.69% to $101,362. Buyers returned to the market on Wednesday as the price rose 2.27% to $103,663. BTC surged to an intraday high of $106,296 on Thursday before dropping back to settle at $104,553. However, sentiment changed on Friday as BTC fell nearly 2% to $102,616. Source: TradingView Sellers retained control on Saturday as BTC dropped 1.54% to slip below the 20-day SMA and settle at $101,041. Bearish sentiment registered a substantial increase on Sunday as BTC fell over 3%, slipping below $100,000 and the 50-day SMA to $97,881. Markets collapsed on Monday, and BTC plunged to an intraday low of $91,274. However, it rebounded from this level to reclaim $100,000 and settle at $101,579, registering an increase of nearly 4%. The rally was short-lived as BTC fell 3.54% on Tuesday, dropping below $100,000 and the 50-day SMA to $97,979. Sellers retained control on Wednesday as BTC fell 1.34% and settled at $96,668. The current session sees BTC up just over 2% and trading around $98,695. BTC has rebounded during the current session as it looks to reclaim $100,000. A move past this level will indicate buyers have got the upper hand. A close above $100,000 could propel BTC toward $105,000 and possibly retest its all-time high. However, if sentiment reverses, BTC could drop toward $96,000. A break below this level could see the price fall towards $90,000. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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