Why secure Is Trending Today?

Bitcoin's price is predicted to surge towards a $123,000 breakout, following a significant capital injection led by Satsuma, a crypto investment firm. This prediction comes after Satsuma raised $218 million and Bitcoin's simple moving average (SMA) retested a key level.

Satsuma, a UK-based bitcoin treasury firm, has raised $218 million in a landmark funding round, with investments from ParaFi and Kraken. The raise, which includes over $125 million in bitcoin, will be used to advance Satsuma's bitcoin strategy and potentially drive the price of bitcoin to $123,000. Following the raise, Satsuma has added over 1,000 BTC to its balance sheet, making it one of the largest bitcoin holders in the UK.