Bitcoin has surpassed the 118,650 USD mark, with a strong price increase demonstrating an unprecedented explosion in cryptocurrency history.
The increasing scarcity along with investment demand from large institutions puts Bitcoin in a position for outstanding growth opportunities in the near future.
MAIN CONTENT
Bitcoin breaks through thanks to the 'Omega Candle' with a 3.09% increase in one hour.
The limited supply of 21 million Bitcoins is being strongly attracted by institutional investors.
The current upward trend confirms Bitcoin's role as an anti-inflation asset and a safe haven.
How did Bitcoin surpass its historical peak thanks to the powerful 'Omega Candle'?
CEO Samson Mow and experts affirm that the breakthrough of Bitcoin from the 'Omega Candle' - the hourly candle with a 3.09% price increase - is a clear sign of sustainable growth. The 'Omega Candle' marks the reversal that causes many short-sellers to be liquidated, creating new momentum for the bullish trend.
Bitcoin will reach 1 million USD in the future, and currently, the price has reached 11.6% of that forecast.
Samson Mow, CEO of JAN3, June 2024
Previously, Michael Saylor (MicroStrategy) also noted the market changes as institutional investment funds and Bitcoin whales actively accumulated, contributing to the increase in the value of this king coin.
What causes the Bitcoin supply to become severely scarce?
Bitcoin has a limited total supply of 21 million coins, while demand from institutions is increasing rapidly, from cryptocurrency ETF funds to corporate treasuries like BlackRock and MicroStrategy. They accumulate Bitcoin on a large scale, leading to a 'supply not meeting demand' situation.
"You still have the opportunity to buy Bitcoin under 200,000 USD, but that window is gradually closing."
Samson Mow, CEO of JAN3, June 2024
The imbalance of supply and demand makes Bitcoin seen as an effective tool to protect assets against inflation and economic instability, reinforcing its status as a safe-haven asset.
Why is this price increase of Bitcoin considered significant?
Bitcoin surpassing 118,650 USD is proof of the long-term growth vision of experts like Samson Mow. The strong buying by institutional investors while supply is extremely limited opens up many expectations for new price peaks in the near future.
The cryptocurrency market is on the brink of a potential explosion. However, the important question is whether Bitcoin can maintain this unceasing upward trend, or will it need a correction before continuing its soaring journey?
Comparison table of the impact of the 'Omega Candle' and the trend of Bitcoin accumulation
The 'Omega Candle' factor Institutional Bitcoin accumulation Impact Triggers strong price increases in the short term Causes prolonged supply shortages Stakeholders Traders, whales, short sellers being liquidated ETF funds, large corporations, whales Sustainability Immediate effect, initial momentum Ability to create long-term bullish trends Price increase of 3.09% in one hour Continuous accumulation gradually pushes the price up step by step
Frequently Asked Questions
Will Bitcoin continue to rise in the near future? Based on experience and market data, experts predict that Bitcoin has the potential to sustain an upward trend thanks to institutional demand and limited supply. What is the 'Omega Candle' and why is it important? The 'Omega Candle' is the hourly candle that showed a spike increase of 3.09%, signaling a significant bullish turning point in the Bitcoin market. How much Bitcoin has been accumulated by large institutions? Millions of Bitcoins are held in the treasuries of ETF funds and large corporations like MicroStrategy and BlackRock, causing supply shortages to explode. Can Bitcoin play a role in combating inflation? Bitcoin, with its fixed supply, is affirmed by many experts as a safe asset, effectively combating inflation in the current financial environment. Is the current Bitcoin price still reasonable to buy? The buying window under 200,000 USD is gradually closing, but there are still opportunities for investors to seize with a structured strategy.
Source: https://tintucbitcoin.com/bitcoin-lap-dinh-samson-mow-canh-bao-thieu-btc/
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