Bitcoin/Crypto - The Week Ahead - $70,000 is within reach

Institutional Crypto Research Written by Experts

Author

Markus Thielen
October 28, 2024

Bitcoin - $70,000 is within reach - AFTER successfully retesting $66,500

Monday, October 28: Massive $1.7 billion of token unlocks this week vs. last week of $758m, but then unlocks slow down from $3.9 billion in October to just $2.1 billion in November. The Arena, Avalanche’s leading SocialFi app, is launching its token ($AVAX, $ARENA). Open Campus unlock ($9m, 1.9%), Maverick Protocol unlock ($8m, 2.6%). The U.S. corporate buyback window is estimated to reopen today; this should add positive momentum to stocks, estimated to add $6 billion of net buying per day.

US Corporate Buy Backs are expected to restart today ($1 trillion in 2024)

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