Bitcoin's Bull Run: On-Chain Data Signals New Demand, 100k in Sight

Bitcoin, the world's largest cryptocurrency, has recently experienced a significant bull run, with on-chain data suggesting new demand and a potential price target of $100,000.

According to MarketPulse, a leading market analysis platform, the on-chain data for Bitcoin indicates a surge in demand, with a substantial increase in the number of active addresses and transactions. This suggests a growing interest in the cryptocurrency and a potential continuation of its upward trend.

Bitcoin's recent rally has been fueled by various factors, one of them being the Trump Rally gaining momentum over the weekend. As TradingView News reports, the cryptocurrency has surged beyond $81,000, benefiting from the positive sentiment surrounding President Trump's policies and their potential impact on the global economy.

MicroStrategy, a prominent business intelligence company, has also shown its confidence in Bitcoin by recently purchasing $2.03 billion worth of the cryptocurrency, as reported by Yahoo Finance. This move further solidifies Bitcoin's position as a legitimate and prominent asset class.

With Bitcoin hitting a series of new record highs, experts predict that it is well on its way towards reaching the $90,000 target. However, instead of making investment decisions based solely on news articles, it is recommended to consult professionals from Stocks Prognosis for a comprehensive forecast of the company's stock movement.

Investing in Bitcoin can be highly volatile, and it is crucial to make informed decisions based on thorough analysis and insights from reliable sources. Stocks Prognosis provides tailored investment predictions and analysis to help investors navigate the dynamic cryptocurrency market.

Stay informed and make informed investment decisions by relying on the expertise of professionals at Stocks Prognosis for accurate forecasts and analysis of Bitcoin's future movement.