Stocks-Prognosis.com
Search on StockPrognosis.com
To search on the site stockprognosis.com enter the name of the ticker, company name, or search phrase
Sections of the site



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

November 17, 2024
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.
If you want to leave a comment, then you need Login or Register





Other data for BTC-USD

Related data

BTC-USDJuly 10, 2025BITCOIN USD Hits 67.23% Profit Target as Forecasted by QuantWave  ~1 min.

On November 5, 2024, QuantWave, the automated forecasting platform, issued a long signal for BITCOIN USD at a price of 69359.56 $. Fast forward to July 10, 2025, and the target price of 115987....


BTC-USDMay 21, 2025BITCOIN USD: QuantWave Achieves 65.91% Profit Target Forecast Success  ~1 min.

QuantWave, an automated forecasting platform, recently celebrated a significant achievement with its forecast for the stock BITCOIN USD....


BTC-USDMarch 19, 2025BTCUSD: Bitcoin Struggles to Take Off as Trump Hype Has Turned into Bearish Swipe  ~2 min.

Bitcoin, represented by the BTCUSD ticker, is currently facing challenges in gaining momentum as the initial hype surrounding Donald Trump's presidency has ultimately turned into a bearish sentiment....


BTC-USDMarch 18, 2025Bitcoin: The Last Opportunity Of 2025 Cryptocurrency: BTC-USD  ~1 min.

Bitcoin, one of the most popular cryptocurrencies, is presenting investors with a unique opportunity in 2025....


BTC-USDMarch 17, 2025Bitcoin Continues to Fall: What's Driving the Action  ~2 min.

Bitcoin, the world's most popular cryptocurrency, has been on a downward trend recently. This decline in price has left investors wondering what is causing the drop....


BTC-USDMarch 15, 2025Bitcoin risks weekly close below 82K on US BTC reserve disappointment  ~1 min.

Bitcoin, the leading cryptocurrency, is facing the risk of a weekly close below $82,000 as investors express disappointment over the US BTC reserve....


BTC-USDFebruary 21, 2025Bitcoin Price Hits All-Time High as Crypto Frenzy Peaks  ~2 min.

The price of Bitcoin, denoted as BTCUSD, has reached an unprecedented high, breaking through the $95,000 mark....


BTC-USDFebruary 20, 2025Bitcoin's Price History: From Its 2009 Launch To Its 2025 Heights  ~2 min.

Bitcoin, the world's most famous cryptocurrency, has come a long way since its launch in 2009. From its humble beginnings, Bitcoin has experienced tremendous growth, reaching new heights in 2025....


BTC-USDFebruary 18, 2025BTCUSD: Bitcoin Prices Steady as Crypto Traders Look for Market-Moving News  ~1 min.

Bitcoin, the leading cryptocurrency, has maintained stable prices as traders eagerly anticipate market-moving news....


BTC-USDFebruary 16, 2025BTCUSD: Bitcoin Claws Back from 94000 as Traders Buy In After Hot Inflation Report  ~1 min.

Bitcoin's value saw a surge as traders rushed to buy in after a highly anticipated inflation report....


BTC-USDNovember 12, 2024BTC-USD: Bitcoin Market Cap Soars, But Is It Time to Sell?  ~2 min.

Bitcoin, the leading cryptocurrency, has seen a significant increase in its market cap over the years. According to Statista, the market cap of Bitcoin has steadily grown from 2013-2024....


BTC-USDDecember 4, 2024Bitcoin's Surge Continues: MicroStrategy Invests Another $1.5 Billion  ~1 min.

Bitcoin, the world's leading cryptocurrency, has once again surpassed the $97,000 mark, triggering excitement among investors....


BTC-USDDecember 29, 2024Bitcoin erases Christmas gains even as MicroStrategy beefs up buying push  ~1 min.

Despite a strong push by MicroStrategy to buy more Bitcoin, the cryptocurrency has erased its gains from the Christmas period....


BTC-USDNovember 23, 2024MicroStrategy's Bitcoin Holdings Reach $29 Billion as Company Continues to Invest  ~1 min.

MicroStrategy, a leading business analytics company, recently announced that it has purchased an additional $4.6 billion worth of Bitcoin....


BTC-USDFebruary 2, 2025Jim Cramers crypto call: bet on bitcoin skip MicroStrategy  ~1 min.

Renowned financial analyst Jim Cramer has advised investors to prioritize Bitcoin over MicroStrategy....