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[aryan4]

Bitcoin price corrections are apparently being evaluated through purchases. When the following tweet (CEO of CryptoQuant analytics platform) is examined, approximately 12,000 BTC has been purchased. What do you think about these acquisitions and their continuation?

 

[aryan4]

It is one of the few reports that has recently arrived and gives information that a purchase has been made. Given the increase in price, I think there will be other reports on the purchases.

 

[Wisdom01]

I think this shows that big institution are still buying despite the current rate ,and i think a lot are buying for the next bullish run i think

 

[aryan4]

I think this shows that big institution are still buying despite the current rate ,and i think a lot are buying for the next bullish run i think

I think you are right and I share the same thoughts as you. While we, as small investors, can sometimes panic about hard sales, big corporations and investors seem to be buying persistently.

 

[Wisdom01]

I think you are right and I share the same thoughts as you. While we, as small investors, can sometimes panic about hard sales, big corporations and investors seem to be buying persistently.

They know that there would be another bullish run and the price would get to $100k soon, so they are buying already to make more profit i think

 

[Niftyicon]

They know that there would be another bullish run and the price would get to $100k soon, so they are buying already to make more profit i think

I don't really know if this run can give that 100k that many have predicted but I am sure it would give bitcoin a push forward from below $50k.

 

[Josemendez]

Bitcoin price corrections are apparently being evaluated through purchases. When the following tweet (CEO of CryptoQuant analytics platform) is examined, approximately 12,000 BTC has been purchased. What do you think about these acquisitions and their continuation?

View attachment 165705

I think that the current purchase of bitcoin is in preparation for the next bullish run of bitcoin in the coming weeks. I will advise people who can , to buy more bitcoin.

 

[achawaskey]

It means that bitcoin will remain the most sort of crypto since many private own companies are investing in bitcoin and also some financial institutions are recognizing bitcoin as a means of payment options.

 

[Wisdom01]

I don't really know if this run can give that 100k that many have predicted but I am sure it would give bitcoin a push forward from below $50k.

Yeah the next bullish run might take it to $80k , but i think it would fall again before rising and moving forward to $100k i think , so invest ahead

 

[BullyMaguire]

Well yeah companies and whales in the making are still accumulating their stash getting ready for the next bullish run.. i wonder if 100k is reachable this year

 

[Josemendez]

Well yeah companies and whales in the making are still accumulating their stash getting ready for the next bullish run.. i wonder if 100k is reachable this year

It won't be impossible considering that we are in the third month of the year and the price is at $50k plus . Achieving $100k won't be that bad

 

[yolaqueen]

They know that there would be another bullish run and the price would get to $100k soon, so they are buying already to make more profit i think

Many institutions continue to believe in bitcoin and despite its current value, they continue to invest in the cryptocurrency, hoping that bitcoin will continue to increase in price.

 

[Wisdom01]

Many institutions continue to believe in bitcoin and despite its current value, they continue to invest in the cryptocurrency, hoping that bitcoin will continue to increase in price.

Yeah true because for now there are different institution and many have seen the importance attached to bitcoin , that is the reason they believed it

 

[yolaqueen]

Yeah true because for now there are different institution and many have seen the importance attached to bitcoin , that is the reason they believed it

The cryptocurrency has earned its reputation in more than 11 years of life and the gradual increase in price makes it more credible for everyone.

 

[Wisdom01]

The cryptocurrency has earned its reputation in more than 11 years of life and the gradual increase in price makes it more credible for everyone.

Yeah i think you are right about this because the price of soms crypto currency have been increasing on a higher level , and this shows how credible it is

 

[Josemendez]

The cryptocurrency has earned its reputation in more than 11 years of life and the gradual increase in price makes it more credible for everyone.

Being the first cryptocurrency in existence gave it an edge. This has made it difficult for any coin to surpass bitcoin. What we need is to invest for long term in bitcoin because it will continue rising.