Despite a dip from its August peak of $124,457, Bitcoin is holding strong around $115,000, still up over 90% compared to last year. Volatility is back, but the bullish trend remains intact ๐.
๐ Key Drivers of Optimism: โ Record ETF inflows โ BlackRock alone holds $88B in BTC โ Amdax plans to buy 1% of all BTC supply (210,000 BTC!) โ Companies like Strategy, MetaPlanet, and others buying daily
๐ Government & Policy Moves: โก U.S. Treasury clarified concerns over reserves โก Senator Lummis pushing the "Bitcoin Act" โก Brazil exploring a strategic BTC reserve
๐ Looking Ahead: Market sentiment surged after Fed rate cut hints at Jackson Hole. Some analysts see BTC reaching $150K+ by Christmas, while longer-term projections eye $200K in 2025.
Bitcoinโs resilience proves once again: the trend is still bullish ๐ฅ๐
