Investors Keep Accumulating Bitcoin (BTC). And Bitcoin New Milestones
While Bitcoin (BTC) is moving between $ 28-29 thousand, investors continue to accumulate Bitcoin. Bitcoin is currently trading at $28918.
The number of addresses holding 0.1+ BTC, the number of non-zero BTC addresses, and the number of addresses holding 1+ BTC reached the new ATH. It is quite remarkable that Bitcoin has reached new milestones.
According to Glassnode data, the number of non-zero BTC addresses reached an ATH of 46,227,591. In other words, there is BTC at the address 46,227,591 BTC. This also shows an increase in new investors in Bitcoin.
According to Glassnode data, the number of addresses holding 0.1+ BTC has reached an ATH of 4,336,769.
In addition, the number of addresses holding 1+ BTC reached an ATH of 996,504.
Bitcoin's reaching new milestones shows that investors continue to accumulate BTC, and it also shows that there is an increase in new investors. I honestly don't know if these milestones herald a bull market, but when I analyze the historical data of Bitcoin, the behavior of investors is similar to that of investors before previous bull markets.
Bitcoin is currently trading at $28918, even if the price goes up or down, I remain bullish on BTC and HIVE . HIVE is currently trading around $0.39. According to the data above, I see an increase in the number of investors who agree with me, which makes me more optimistic.
I think Bitcoin will exceed $50,000 and HIVE will exceed $1 this year . What is your Bitcoin and HIVE price prediction?
This is not financial or investment advice.
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Really interesting post, If this is not the year I think it will be the next one For BTC and HIVE to go high, because of the BTC halving, and I hope the financial crisis will end too. but who knows, we just can speculate in the present and invest in what we believe has real value.
Frankly, that's what I do, investing in cryptos that I trust and believe in. I don't know which direction prices will go in the short term, but I am very optimistic in the long term.
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i think the same like @taradraz1 next year is more likely the big one, partly because of BTC halving.
its already doubled the price from the bottom (what i thought will be lower), and it never goes up without pullbacks, the first one can come at this price, or a bit later between 40-50k. but in the end, i wont sell anything, unless BTC did not reach at least 150k (except some huge outperformance of btc.)
you asked the time question, what nobody can predict. and i dont care too much anymore. it happens when it happens. if it does earlier, thats great, if just later on, i still won't panic.
anyway, i dont have btc, rarely use (only to exchange), i have zero trust in that generally, and in the very long run. basically they are turning it into a cbdc, and thanks, but i wont use any.
not so optimistic about Hive. generally about cryptos and most of the coins what i picked, yes i am, but not Hive, although i still think it will do couple of x, if btc hits 150k, but i dont think, it will reach new ATHs.
In the short term I think like you. It is very difficult to know which direction prices will go. But I'm very optimistic about Hive and Bitcoin in the long term. I believe Bitcoin could rise before the halving and reach 220K in 5-10 years. And many new apps are added to the Hive chain that attract people's attention, so I believe it can rise in the future.
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Halving is next year…
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Thank you for the info. Have a great day!
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Awesome work @rtonline! Your daily posts on Hive are making a big impact. Keep it up!
I'm so glad you think so, thank you. I just keep it up :)
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