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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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Why I think #BITCOIN can hit $120,00
this week.
Just 30 minutes before the weekly
candle closed, Bitcoin soared to a
new all-time high of $105,250
And I think $BTC can hit $120k this
week. Here's why:
1. Donald Trump confirmed the U.S. Bitcoin Reserve plan. Bitcoin will skyrocket once Trump takes office and we see solid initiatives in building the SBR. But the optimism about it can drive the price of bitcoin higher.
U.S. States are pushing for SBR with Pennsylvania and Texas as the front runners.
Other countries like Canada, Russia, Japan, Switzerland, Argentina, and more are showing initiatives too.
If Donald Trump signs an Executive Order on Day 1, he can still win the SBR building race.
2. There's a 97% chance of a 25bps rate cut this Wednesday's FOMC meeting. This is so bullish for Bitcoin.
ECB has already announced a rate cut. Swiss CB lowers its rates too.
3. Michael Saylor is still hinting at another massive Bitcoin buy. Not jus Microstrategy, but also Bitcoin mining companies (MARA, Riot, Hut 8) are buying bitcoin to strengthen its Bitcoin Treasury.
The institutions will start to FOMO soon.
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