Bitcoin new target $72k on Soros news
Bitcoin surged to a nearly five-month high above $55,000 this morning, extending its crypto rally from the previous highs as institutions jumped in to try to jump on the train.
Legendary Soros, who is famous for making big money on traditional currency investments, is rumored to have been trading in bitcoin for the past few months. George Soros’ family office has invested in cryptocurrencies, revealing that the cryptos class has officially turned "mainstream."
#Soros Fund CEO Dawn Fitzpatrickreveals that the family office holds #Bitcoin #BTC, Fitzpatrick also stated, “I’m not sure if Bitcoin is just seen as an inflation hedge, I think it has crossed the mainstream.” pic.twitter.com/2GzdvrJqI2— CoinVoice (@coin_voice) October 7, 2021
George Soros Is Making Changes at His Foundation While He Still Can - New York Times reports, - The result is a painful restructuring to focus on the fight against rising authoritarianism around the world.
Bitcoin reclaimed the market cap of $1 trillion this morning after the price of BTC jumped nearly 35%. BTC is now trading near $55,000, its highest level since 12 May 2021, with a new price target of $72,000 for November.
#Bitcoin monthly CMF trajectory could help forecast a top window.— TechDev (@TechDev_52) October 7, 2021
Macro uptrend has been within 2 degrees in both past cycles. Top near 0.42.
This gives a 2021 top window sometime in Dec or Jan.
Closest you'll get with this approach. pic.twitter.com/LNxpKo8PgR