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Analyst Predicts Bitcoin Surge as Long-Term Holders Reduce Sales

The owner of InvestAnswers mentioned to his 560,000 YouTube subscribers that approximately 70% of those who have held BTC for 155 days or longer have completed their sales. This reduction in selling pressure may pave the way for Bitcoin to gain value soon.

The analyst highlighted that Michael Saylor’s MicroStrategy company and spot Bitcoin exchange-traded funds (ETFs) purchasing BTC worth a total of $82 million could further elevate Bitcoin’s price. He indicated that these investments could play a significant role in pushing Bitcoin to reach $175,000 per coin.

Analyst Predicts Bitcoin Surge as Long-Term Holders Reduce Sales

The owner of InvestAnswers mentioned to his 560,000 YouTube subscribers that approximately 70% of those who have held BTC for 155 days or longer have completed their sales. This reduction in selling pressure may pave the way for Bitcoin to gain value soon.

The analyst highlighted that Michael Saylor’s MicroStrategy company and spot Bitcoin exchange-traded funds (ETFs) purchasing BTC worth a total of $82 million could further elevate Bitcoin’s price. He indicated that these investments could play a significant role in pushing Bitcoin to reach $175,000 per coin.
https://en.coin-turk.com/analyst-predicts-bitcoin-surge-as-long-term-holders-reduce-sales/