Part 1/7:
Bitcoin Achieves New All-Time Highs
On December 16th, 2024, Nicholas Meron from Day to Dash delivered an in-depth market update, revealing that Bitcoin reached new all-time highs at around $106,500. This surge is largely attributed to significant inflows from MicroStrategy and Bitcoin ETFs, marking some of their best performance since earlier in the year. Meron noted the importance of maintaining daily closes above the 21-day moving average as an indicator of bullish sentiment, asserting that as long as Bitcoin holds above this level, the bulls remain in charge.