#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
💬 Do you think Bitcoin will become a new norm for corporate asset allocation? How might this impact Bitcoin’s price? What’s your recent BTC trading strategy? Post to share your price predictions, market analysis, and strategies with us using the topic tag!
🎁 Meanwhile, Gate’s BTC Staking event is in full swing! Simply stake your BTC and earn up to 3% APY. Click the link to start staking and enjoy your earnings: https://ww
After experiencing a continuous four-day pump, GOR has seen a reasonable pullback for the first time. The current price remains above 28 dollars, still showing strength, and a subsequent return to the 50 dollars area is also in line with market trends.
The movement observed on the 12-hour time frame is quite intriguing; as long as the price remains above 30 dollars, there is no need to worry excessively. It is worth noting that a potential turning point may occur around noon on the 23rd, which requires special attention.
From the 30-minute chart, it is a normal phenomenon for a pullback to occur after the completion of the 5th wave; the key is whether it can hold the support level at 30 dollars. Analyzing from the arithmetic coordinate perspective, the current price is still within the large channel rise framework.
Despite the recent constant fluctuations due to geopolitical factors, GOR has performed relatively steadily. In this market environment, investors who blindly follow short-term fluctuations to panic sell or chase high prices often find it easy to incur losses.
Next, we should patiently wait for the pullback market, and the possibility of reaching new highs cannot be ruled out. As for whether it will break through the 100 million threshold, it is indeed worth our deep consideration.
As the trading philosophy suggests, if your thoughts are constantly fluctuating and you cannot maintain calmness and composure, it will be very difficult to achieve true victory in the market.