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Bitcoin may have passed its market bottom, with institutional buying and weak selling signaling a record high by 2027.

Market News
06 Nov 2026, 21:20 WIB
Tokenpost
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Bullish
Bitcoin may have passed its market bottom, with institutional buying and weak selling signaling a record high by 2027.

Mark Moss of the Bitcoin Opportunity Fund suggests Bitcoin's market bottom is behind it due to exhausted selling pressure and strong institutional buying. Smaller holders have sold off, easing downward pressure, while Bitcoin's muted reaction to negative news indicates improved market sentiment. Historical data around US midterm elections shows Bitcoin tends to gain significantly afterward, supporting expectations for a new record high by 2027. Moss also sees a potential long-term price of $1 million by 2030-2032 based on valuation models and market share growth.

Bitcoin's market outlook is the subject, with Pluang's market data providing context as of Nov 07, 2026 01:32 WIB. Among 50 major cryptocurrencies on Pluang, 38 rose and 11 fell today. Notable movers include THETA at Rp2.717 with a 4.90% increase and 100% buy order activity, KSM at Rp61.271 up 4.89%, and XRP at Rp21.398 down 4.58%.

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