ChainCatcher news, Watcher.Guru disclosed on platform X that asset management giant VanEck stated that the target price for BTC in this cycle is $180,000.

ChainCatcher news, MicroStrategy founder Michael Saylor disclosed in a post on the X platform that MicroStrategy purchased 27,200 BTC for $2.03 billion, with an average purchase price of $74,463.As of November 10, 2024, MicroStrategy's Bitcoin holdings reached 279,420 BTC.

ChainCatcher news, according to LookonChain monitoring, as the BTC price reaches $80,000, MicroStrategy's Bitcoin holdings now exceed $20 billion, with unrealized profits over $10 billion, holding a total of 252,220 BTC (worth $20.17 billion), with an average purchase price of $39,266.

ChainCatcher news, according to CNBC, Fadi Aboualfa, the research director of cryptocurrency custody company Copper.co, believes that by January 20, 2025, when Trump takes office, the price of Bitcoin could reach $100,000. He added that this increase "is occurring against a backdrop of a weak dollar, which is different from the strong dollar environment today." Given that Bitcoin exchange-traded funds currently hold about 1.1 million Bitcoins, the momentum in the coming months could be positive.In addition, Jag Kooner, the derivatives director of cryptocurrency exchange Bitfinex, stated that while it is difficult to predict the price of Bitcoin, the target of reaching $100,000 in a few months "doesn't seem too far-fetched." He further noted, "Given the bullish momentum, coupled with the fact that the economy is avoiding recession, we expect limited downside for Bitcoin at this time. The $100,000 target looks very reasonable."

ChainCatcher news, as the price of Bitcoin breaks through $80,000 and continues to reach new highs, MicroStrategy founder Michael Saylor posted on the X platform suggesting that he may continue to increase his BTC holdings. He wrote: "I think the saylortracker website needs more 'green dots'".It is reported that on the website mentioned by Michael Saylor, a green dot will be marked at each time point when MicroStrategy purchases Bitcoin.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas posted on the X platform that BTC suddenly surged today, possibly in response to the U.S. presidential election.Eric Balchunas added, "If anyone thinks Bitcoin is not a good indicator to watch today, please tell me why. In my view, BTC seems to be a clean indicator because it's a topic in the campaign, while stocks and bonds are less important, but I'm open to other thoughts."

ChainCatcher news, according to Cointelegraph, NCPPR Free Enterprise Project Deputy Director Ethan Peck stated that Microsoft has a "fiduciary duty" to act in accordance with the economic interests of its shareholders, and resisting Bitcoin may contradict those interests.If Microsoft ultimately decides not to invest in Bitcoin, and the price of Bitcoin rises, Microsoft may face the risk of being sued by shareholders.

ChainCatcher news, according to The Block, investment research firm Bernstein's latest report predicts that regardless of the outcome of the U.S. election, the price of Bitcoin is expected to reach $200,000 by the end of 2025. Analysts believe that Trump is viewed as a pro-cryptocurrency candidate, while Harris may continue the Democratic Party's tough stance from the past four years.Bernstein analysts expect that if Trump wins, the price of Bitcoin could break its all-time high before Inauguration Day (January 20, 2025), reaching between $80,000 and $90,000. In contrast, a Harris victory could lead to Bitcoin dropping to $50,000 during the same period, higher than the previously predicted range of $30,000 to $40,000.The report points out that the main drivers of Bitcoin include the loosening of U.S. fiscal discipline, record debt levels, and monetary expansion, all of which have increased the demand for hard assets. The success of the U.S. spot Bitcoin ETF has further accelerated this trend.

ChainCatcher news, according to Cointelegraph, Dean Skurka, President and CEO of digital financial services company WonderFi, believes that the interest rate cuts in Canada and the United States, along with the upcoming 2024 U.S. presidential election, will continue to drive Bitcoin prices higher in the next 6-24 months.In an interview with Cointelegraph, Skurka explained that the recent decision by the Bank of Canada to lower interest rates by 50 basis points, along with the Federal Reserve's ongoing rate cut plan starting in September 2024, will encourage retail and institutional investors to enter the market or increase their existing positions.Skurka also emphasized that the upcoming 2024 U.S. presidential election is a major catalyst for Bitcoin prices, as the cryptocurrency industry believes that a Trump presidency would be beneficial for cryptocurrencies, while a Harris victory could cause a price shock in the short term.

ChainCatcher news, according to CoinDesk, Bitcoin fell below $70,000 on Thursday, triggering panic selling among short-term holders (STH). On that day, short-term holders transferred approximately $2.3 billion worth of Bitcoin (about 32,000 BTC) to exchanges while at a loss, marking the largest single-day loss transfer since the yen arbitrage trades were closed on August 5. Meanwhile, over the past three days, short-term holders have transferred more than $6 billion worth of Bitcoin to exchanges to cash out some profits.Analysts point out that the U.S. presidential election will be held on November 5, and investors are likely to reduce their risk exposure, which they often do on the last day of the month.

ChainCatcher news, according to Coindesk, short-term Bitcoin holders transferred approximately $2.3 billion worth of Bitcoin to exchanges yesterday, marking the highest record since the closure of yen arbitrage trading on August 5.Analyst Van Straten stated that the drop in Bitcoin on Thursday triggered panic selling among short-term holders. This panic selling is the most severe since the closure of yen arbitrage trading on August 5. Short-term holders (investors holding Bitcoin for less than 155 days) often feel panic and sell when prices drop, while buying during market greed.On Thursday, a total of over 54,000 BTC was transferred to exchanges, the highest amount since March 27. In the past three days, short-term holders sent over $6 billion worth of Bitcoin to exchanges to take profits and lock in gains by the end of the month.

ChainCatcher news, Jeff Kendrick, the global head of digital asset research at Standard Chartered Bank, stated that Bitcoin prices may experience a pullback before the U.S. presidential election on November 5, and increased volatility is expected in the coming days. As the election approaches, the premium on 7-day Bitcoin options should continue to rise compared to 30-day options.He added, "This is due to the fact that it takes several days to get complete election results. This trend may resemble the volatility seen before the launch of the spot Bitcoin exchange-traded fund in early January."

ChainCatcher message, hedge fund manager Anthony Scaramucci stated that by 2026, the price of Bitcoin will triple, reaching $176,000.

ChainCatcher news, according to Cointelegraph, on October 15, Bitcoin (BTC) price surged to around $68,000 at the opening of Wall Street, challenging an 8-month downtrend. Data shows that BTC rose over 2% that day, approaching the 2021 high of $69,000. Trader and analyst Skew stated that the market structure and trend remain positive. He believes that if BTC can break through $69,000 to set a higher high, it will trigger a broader structural change. Skew also noted that the Relative Strength Index (RSI) remains above 50, which typically indicates a price increase.Another analyst, Rekt Capital, confirmed that Bitcoin has broken through the resistance zone formed by the mid-August high this year. He stated that BTC now needs to achieve a weekly close within the red resistance level to initiate a breakout rally.

ChainCatcher news, according to CoinDesk, Bitcoin ETF inflows increased this Monday, leading to a rebound in Bitcoin prices. The current upward trend has slightly eased, with the probability of Bitcoin reaching a new all-time high in 2024 on the prediction market Polymarket rising to 64%, up 9% from a week ago.

ChainCatcher message, Bitcoin has outperformed stocks and gold this month, as more signs indicate that the regulatory outlook for the cryptocurrency industry in the U.S. will improve after the upcoming presidential election. Bitcoin rose 4% in October, surpassing global stock indices and gold so far this month.Noelle Acheson, author of the "Crypto Is Macro Now" newsletter, stated: "This rise is primarily driven by the U.S. presidential election, initially fueled by Trump's lead in prediction markets and polls, and later by the Harris campaign's somewhat supportive statements regarding the crypto market. I haven't seen the details of Harris's cryptocurrency policy yet, but it sounds less negative than the Biden administration's."

ChainCatcher news, the Bitfinex Alpha analysis report points out that last week Bitcoin experienced a significant pullback, dropping over 11% from the high of $66,587 at the end of September to a low of $58,943 on October 10, driven by heavy selling in the spot market. However, the selling pressure has eased, and BTC has quickly rebounded. On-chain indicators highlight the importance of the actual price of short-term holders (currently close to $63,000) as a key resistance level. A breakthrough of this level may signal further bullish momentum, while failure to break through could lead to a retest of lower support levels, potentially near $59,000 or even $55,000.However, the market remains in a passive state, and future trends may depend on whether Bitcoin can decisively surpass the realized price of short-term holders. In the meantime, traders should anticipate potential pullbacks but also be prepared for a stronger rebound from lower levels, as the market has potential resilience.Additionally, due to program delays, the Mt. Gox trustee has extended the repayment deadline for creditors to October 31, 2025. This extension alleviates market concerns about potential selling pressure on Bitcoin, as many worry that creditors might liquidate a portion of the 44,900 BTC soon to be distributed, which could put pressure on Bitcoin prices.