strong buy
Bitcoin Surges Past $118K as Whales Hold Firm, Potential for New High
The weekly update from Bit2Me reports that Bitcoin surpasses $118,000 with a 3% increase in a single day, and whales are not selling. Analysts consider a new milestone of $120,000 in the short term, prompting speculation on whether this will happen. President Bukele continues purchasing BTC despite U.S. pressures and senators demanding a corruption risk report. Additionally, 80,000 inactive BTC, dormant for 14 years, have recently moved, raising questions about the entities behind these movements.
Solana's price surged, and while some forecast a correction, holders remain confident it will ascend further. The cryptocurrency market remains highly active, indicating strong investor interest. Overall, the market shows bullish signs with significant institutional and whale activity, suggesting potential for continued upward momentum.
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AI Analysis
The recent activity in Bitcoin indicates a robust bullish trend, driven by increased buying pressure and whale accumulation, as evidenced by the non-selling posture of large holders even at elevated l...
AI Recommendation
Considering the current market momentum, it is advisable to maintain or increase exposure to Bitcoin, especially for investors with a high risk tolerance, as the path toward new highs appears to be su...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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