Bitcoin News today: Pisces accumulate sends BTC above 97K – Is 100,000 the following station?

Bitcoin News today: Pisces accumulate sends BTC above 97K – Is 100,000 the following station?

Cryptoquant Cryptoquant notes that whales have faded 2.6 billion dollars in the last decline.

The news and other total factors help in climbing BTC above 97 thousand dollars. Can this request and decrease Bitcoin and BTC miners are low above 100,000?

Bitcoin’s institutional investor’s interest is the highest level ever if it is a recent report from the Cryptoquant data platform is anything that goes through.

Reports that During the last decline This witnessed the decline in bitcoin to less than 94,000 dollars, and the big players went on to buy, with the aim of taking advantage of the decline.

By the time when it rose again over 97 thousand dollars, they ridiculed 28,000 bitcoin currency, whose value is more than $ 2.6 billion.

Important details continue to be indicated – that it was purchased through non -coding portfolios.

This confirms that the institution of institutional investor on the old currency was not faded, although the matter comes days after the registration of the global traditional investment funds for encryption in the first week of foreign flows per year.

Who buys bitcoin now?

Hundreds of companies and government agencies have published publicly their intention to add bitcoin currencies to their budgets and public portfolios.

A large public purchase has been made before Metaplanet when it acquired 2031 BTC At a value of more than $ 25.6 million.

By the end of the year, the Japanese Hotel Management Company states that it intends to obtain at least 10,000 BTC.

Can the increasing demand amid the decrease in the offer to send BTC above $ 100,000?

Days before these brands went in a purchase sphere, another report issued by Cryptoquant indicated that the exchange of encryption had only 2.5 million BTC in its reserves.

Today, this number has shrunk by 100 thousand to 2.4 million coins only. Bitcoin miners reserves have also decreased to 1.94 million – the lowest level since 2009.

Historically, this great demand against the annoying demand often constitutes the base of the next bull.

The demand that has already witnessed it has already helped penetrate the level of the main resistance amounting to 97 thousand dollars for a moment, as its highest levels during the day increased to 97800 dollars.

It remains to see if it is enough to help him Restoring the sign of 100 thousand is important.

The main technical indicators such as MACD and RSI show that the bullish momentum collects speed and may continue to fuel the additional BTC.