Bitcoin Surges Amid Policy Optimism and Long-Term Holder Confidence

Bitcoin long-term holders, who have held their coins for over 155 days, are taking profits as Bitcoin surpasses $90,000, viewing it as a profit-taking zone rather than a target to hold out for. Despite increased sell pressure, Bitcoin's price remains stable due to ETFs absorbing the sold coins. Prominent Bitcoin supporters, like Michael Saylor, remain optimistic about Bitcoin reaching $100,000 by year-end, with historical trends suggesting November could be a strong month for Bitcoin's price growth.