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Bitcoin Soars Past $111K: Is $140K Next? Plus, ChatGPT's Bullish October Targets
The Bitcoin & Cryptocurrency Investment Show podcast.
Hey there crypto fam, it's your boy Crypto Willy here with your Bitcoin and Cryptocurrency Investment Show! What a wild week it's been in the digital asset space, so let's dive right in.
Bitcoin is currently trading around $111,000, showing remarkable resilience after one of the most dramatic liquidation events we've seen in years. Tom Lee from Bitmine Immersion Technologies called October 10th the biggest liquidation event in five years, where Bitcoin dropped roughly 14.6% in a single afternoon while Ethereum took an even harder hit at 21%. But here's the thing - Bitcoin demonstrated exactly why it's called digital gold during this flush, acting as a true store of value even during maximum market stress.
The recovery has been steady and encouraging. According to Coindesk, Bitcoin moved between $111,157 and $111,634 in the latest 24-hour period, consolidating nicely above the $111,000 level. Tom Lee is staying bullish through all of this volatility, projecting that the S&P 500 could add another 4 to 10 percent by year-end, and he's calling for a crypto rally to close out 2025. The key driver? Record-low open interest after that massive deleveraging event, which actually sets up healthier market conditions moving forward.
ChatGPT's AI analysis is projecting some seriously optimistic targets for the end of October. The AI model suggests Bitcoin could trade in a range of $128,000 to $136,000 by October 31st, with a base-case price of $132,000. Technical support is holding strong at $118,000 and $115,000, while resistance levels sit at $125,000 and $130,000. That psychological barrier of $140,000 is definitely in focus for the bulls.
The fundamental picture looks incredibly strong heading into November. Spot Bitcoin ETFs continue attracting institutional money, and the Federal Reserve is expected to cut rates later this month, which historically boosts risk assets like crypto. With Bitcoin's market cap now exceeding $2 trillion and long-term holders steadily accumulating, the infrastructure for the next leg up is definitely in place.
Ethereum activity on Layer 1 and Layer 2 networks driven by stablecoins is supporting what Tom Lee calls a potentially "pretty big move." Stablecoins are approaching a $300 billion market cap, remaining the backbone of liquidity and settlement across the entire ecosystem.
Looking at the broader market, we're seeing total crypto capitalization just under $3.9 trillion, with Bitcoin maintaining market dominance in the high-50 percent range. Derivatives activity has increased significantly, with options open interest hovering near record levels.
The technical outlook from Changelly suggests we could see Bitcoin reach $125,609 by the end of October, with November potentially bringing us to $123,957. Standard Chartered analyst Geoffrey Kendrick even sees any temporary dip below six figures as potentially the last chance to buy before the next major rally.
Thanks so much for tuning in this week, crypto fam! Make sure to come back next week for more updates from the blockchain. This has been a Quiet Please production - for more, check out Quiet Please dot AI. Until next time, stay decentralized!
Get the best deals https://amzn.to/3ODvOta
This content was created in partnership and with the help of Artificial Intelligence AI
Hey there crypto fam, it's your boy Crypto Willy here with your Bitcoin and Cryptocurrency Investment Show! What a wild week it's been in the digital asset space, so let's dive right in.
Bitcoin is currently trading around $111,000, showing remarkable resilience after one of the most dramatic liquidation events we've seen in years. Tom Lee from Bitmine Immersion Technologies called October 10th the biggest liquidation event in five years, where Bitcoin dropped roughly 14.6% in a single afternoon while Ethereum took an even harder hit at 21%. But here's the thing - Bitcoin demonstrated exactly why it's called digital gold during this flush, acting as a true store of value even during maximum market stress.
The recovery has been steady and encouraging. According to Coindesk, Bitcoin moved between $111,157 and $111,634 in the latest 24-hour period, consolidating nicely above the $111,000 level. Tom Lee is staying bullish through all of this volatility, projecting that the S&P 500 could add another 4 to 10 percent by year-end, and he's calling for a crypto rally to close out 2025. The key driver? Record-low open interest after that massive deleveraging event, which actually sets up healthier market conditions moving forward.
ChatGPT's AI analysis is projecting some seriously optimistic targets for the end of October. The AI model suggests Bitcoin could trade in a range of $128,000 to $136,000 by October 31st, with a base-case price of $132,000. Technical support is holding strong at $118,000 and $115,000, while resistance levels sit at $125,000 and $130,000. That psychological barrier of $140,000 is definitely in focus for the bulls.
The fundamental picture looks incredibly strong heading into November. Spot Bitcoin ETFs continue attracting institutional money, and the Federal Reserve is expected to cut rates later this month, which historically boosts risk assets like crypto. With Bitcoin's market cap now exceeding $2 trillion and long-term holders steadily accumulating, the infrastructure for the next leg up is definitely in place.
Ethereum activity on Layer 1 and Layer 2 networks driven by stablecoins is supporting what Tom Lee calls a potentially "pretty big move." Stablecoins are approaching a $300 billion market cap, remaining the backbone of liquidity and settlement across the entire ecosystem.
Looking at the broader market, we're seeing total crypto capitalization just under $3.9 trillion, with Bitcoin maintaining market dominance in the high-50 percent range. Derivatives activity has increased significantly, with options open interest hovering near record levels.
The technical outlook from Changelly suggests we could see Bitcoin reach $125,609 by the end of October, with November potentially bringing us to $123,957. Standard Chartered analyst Geoffrey Kendrick even sees any temporary dip below six figures as potentially the last chance to buy before the next major rally.
Thanks so much for tuning in this week, crypto fam! Make sure to come back next week for more updates from the blockchain. This has been a Quiet Please production - for more, check out Quiet Please dot AI. Until next time, stay decentralized!
Get the best deals https://amzn.to/3ODvOta
This content was created in partnership and with the help of Artificial Intelligence AI
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By Inception Point AiThe Bitcoin & Cryptocurrency Investment Show podcast.
Hey there crypto fam, it's your boy Crypto Willy here with your Bitcoin and Cryptocurrency Investment Show! What a wild week it's been in the digital asset space, so let's dive right in.
Bitcoin is currently trading around $111,000, showing remarkable resilience after one of the most dramatic liquidation events we've seen in years. Tom Lee from Bitmine Immersion Technologies called October 10th the biggest liquidation event in five years, where Bitcoin dropped roughly 14.6% in a single afternoon while Ethereum took an even harder hit at 21%. But here's the thing - Bitcoin demonstrated exactly why it's called digital gold during this flush, acting as a true store of value even during maximum market stress.
The recovery has been steady and encouraging. According to Coindesk, Bitcoin moved between $111,157 and $111,634 in the latest 24-hour period, consolidating nicely above the $111,000 level. Tom Lee is staying bullish through all of this volatility, projecting that the S&P 500 could add another 4 to 10 percent by year-end, and he's calling for a crypto rally to close out 2025. The key driver? Record-low open interest after that massive deleveraging event, which actually sets up healthier market conditions moving forward.
ChatGPT's AI analysis is projecting some seriously optimistic targets for the end of October. The AI model suggests Bitcoin could trade in a range of $128,000 to $136,000 by October 31st, with a base-case price of $132,000. Technical support is holding strong at $118,000 and $115,000, while resistance levels sit at $125,000 and $130,000. That psychological barrier of $140,000 is definitely in focus for the bulls.
The fundamental picture looks incredibly strong heading into November. Spot Bitcoin ETFs continue attracting institutional money, and the Federal Reserve is expected to cut rates later this month, which historically boosts risk assets like crypto. With Bitcoin's market cap now exceeding $2 trillion and long-term holders steadily accumulating, the infrastructure for the next leg up is definitely in place.
Ethereum activity on Layer 1 and Layer 2 networks driven by stablecoins is supporting what Tom Lee calls a potentially "pretty big move." Stablecoins are approaching a $300 billion market cap, remaining the backbone of liquidity and settlement across the entire ecosystem.
Looking at the broader market, we're seeing total crypto capitalization just under $3.9 trillion, with Bitcoin maintaining market dominance in the high-50 percent range. Derivatives activity has increased significantly, with options open interest hovering near record levels.
The technical outlook from Changelly suggests we could see Bitcoin reach $125,609 by the end of October, with November potentially bringing us to $123,957. Standard Chartered analyst Geoffrey Kendrick even sees any temporary dip below six figures as potentially the last chance to buy before the next major rally.
Thanks so much for tuning in this week, crypto fam! Make sure to come back next week for more updates from the blockchain. This has been a Quiet Please production - for more, check out Quiet Please dot AI. Until next time, stay decentralized!
Get the best deals https://amzn.to/3ODvOta
This content was created in partnership and with the help of Artificial Intelligence AI
Hey there crypto fam, it's your boy Crypto Willy here with your Bitcoin and Cryptocurrency Investment Show! What a wild week it's been in the digital asset space, so let's dive right in.
Bitcoin is currently trading around $111,000, showing remarkable resilience after one of the most dramatic liquidation events we've seen in years. Tom Lee from Bitmine Immersion Technologies called October 10th the biggest liquidation event in five years, where Bitcoin dropped roughly 14.6% in a single afternoon while Ethereum took an even harder hit at 21%. But here's the thing - Bitcoin demonstrated exactly why it's called digital gold during this flush, acting as a true store of value even during maximum market stress.
The recovery has been steady and encouraging. According to Coindesk, Bitcoin moved between $111,157 and $111,634 in the latest 24-hour period, consolidating nicely above the $111,000 level. Tom Lee is staying bullish through all of this volatility, projecting that the S&P 500 could add another 4 to 10 percent by year-end, and he's calling for a crypto rally to close out 2025. The key driver? Record-low open interest after that massive deleveraging event, which actually sets up healthier market conditions moving forward.
ChatGPT's AI analysis is projecting some seriously optimistic targets for the end of October. The AI model suggests Bitcoin could trade in a range of $128,000 to $136,000 by October 31st, with a base-case price of $132,000. Technical support is holding strong at $118,000 and $115,000, while resistance levels sit at $125,000 and $130,000. That psychological barrier of $140,000 is definitely in focus for the bulls.
The fundamental picture looks incredibly strong heading into November. Spot Bitcoin ETFs continue attracting institutional money, and the Federal Reserve is expected to cut rates later this month, which historically boosts risk assets like crypto. With Bitcoin's market cap now exceeding $2 trillion and long-term holders steadily accumulating, the infrastructure for the next leg up is definitely in place.
Ethereum activity on Layer 1 and Layer 2 networks driven by stablecoins is supporting what Tom Lee calls a potentially "pretty big move." Stablecoins are approaching a $300 billion market cap, remaining the backbone of liquidity and settlement across the entire ecosystem.
Looking at the broader market, we're seeing total crypto capitalization just under $3.9 trillion, with Bitcoin maintaining market dominance in the high-50 percent range. Derivatives activity has increased significantly, with options open interest hovering near record levels.
The technical outlook from Changelly suggests we could see Bitcoin reach $125,609 by the end of October, with November potentially bringing us to $123,957. Standard Chartered analyst Geoffrey Kendrick even sees any temporary dip below six figures as potentially the last chance to buy before the next major rally.
Thanks so much for tuning in this week, crypto fam! Make sure to come back next week for more updates from the blockchain. This has been a Quiet Please production - for more, check out Quiet Please dot AI. Until next time, stay decentralized!
Get the best deals https://amzn.to/3ODvOta
This content was created in partnership and with the help of Artificial Intelligence AI