Vanguard Takes the Bitcoin Plunge: Are We All Going Crazy? đŸ€Ș

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Well, dear reader, it appears that Bitcoin (BTC) has taken quite the rollicking ride, closing the second week of July with a Morubozu candlestick as bullish as a bull in a china shop! 🙌 It has strutted over previous resistance levels, twirling above the hallowed ground of $109k and $111,872. And if you thought that was impressive, hold on to your hats because this audacious coin opened the third week in July with more vigor than an excited pup chasing its tail, reaching a spectacular all-time high (ATH) of around $122,838 during the early hours of European trading. Quite a sight indeed!

Vanguard Hops on the Bitcoin Bandwagon

Now, cast your eyes upon the lofty folks at the Vanguard Group Inc., who for years have scorned Bitcoin and the wider world of cryptocurrencies like a cat would a swimming pool. With a modest hoard of around $10 trillion in assets, they once deemed Bitcoin a venture fit only for the foolhardy. But lo and behold, recent whispers from the SEC tell a different tale! In a plot twist that even the best novels couldn’t cook up, Vanguard now holds more than 20 million shares—almost 8 percent of Strategy Inc., the proud owner of 601,550 Bitcoins, as of this very moment.

Can you believe it? Vanguard may have just elbowed Capital Group aside to claim the title of top investor in Strategy. They must be thinking, “Why didn’t we do this sooner?” 🧐

What Do the Crystal Balls Foretell for BTC Price?

As our good friends over at Coinpedia would say, our beloved BTC seems to have reached the giddy heights of euphoria in the crypto bull market of 2024/2025, further fueled by insatiable demand from institutional investors and the emergence of regulations that actually make sense (what a time to be alive!). The technical indicators are singing a merry tune, with the weekly Relative Strength Index (RSI) recently leaping over the 70 level for the first time this year—now that’s what I call a joyous occasion!

And if that didn’t tickle your fancy, just look at the weekly MACD, which shows a bullish histogram that’s busier than a beehive, with the MACD line soaring above that ever-important zero line. Oh, what a glorious sight!

Now, if you peer through the glass of the 2-hour timeframe, you’ll see the bullish momentum galloping along with higher highs and higher lows—classic signs of a rising trend, folks! So, it’s only fair to venture a wild guess that a rally towards the fabled $150k range is far more likely than a tumble into the abyss below $100k anytime soon. Buckle your seatbelts; it’s going to be a bumpy ride!

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2025-07-14 22:02