Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin)
Retail Boom Reaches 4-
Year High, Rekindles Bullish
PricePredictions
Retail investors are back in full force with Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin), and this time,
their demand surpasses what was seen in May 2020. This surge comes as BTC eyes
the elusive $100,000 mark, a price level it has struggled to reach.
But is the return of retail demand enough to push Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin to new heights? This
on-chain analysis• Математика » Математический анализ evaluates the potential impact.
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Now Carries Everyone Along
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Historically, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s price surged following an increase in retail
demand, though whales and institutional investors have typically driven this
current cycle.
However, according to CryptoQuant, this trend may be shifting. Data from the
30-day retail investor demand metric reveals a significant change, tracking
the flow of volumes under $10,000 into Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, suggesting a growing influence
from retail investors
At press time, the metric reached $27.15, the highest level it has reached in
over four years. The last time the reading neared this level, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price
climbed from $9,500 to $37,000 in less than six months. Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Retail
Investor Demand. Source: CryptoQuant
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Therefore, if history rhymes, then BTC could rally to and surpas s $100,000
within a few months. However, Darkfost, a pseudonymous analyst on CryptoQuant,
opined that the run above $100,000 might not happen very fast.
According to the analyst, the hike in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin retail investor demand could
signal a local top. In his post, Darkfost mentioned that the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
could consolidate for a while before the uptrend returns.
“Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin may continue to range for a while, with minor corrections, before
making its next move upward to break the 100,000 psychological key. This
breakthrough might reignite retail demand, potentially fueling a euphoric
phase in the market,” the analyst explained .
Moreover, data from Glassnode shows that Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s short-term realized price ,
which is the average on-chain acquisition value, is $77,675. Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Realized
Price. Source: Glassnode
Typically, when the realized price is above Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s market value , the trend
is bearish. However, with BTC trading above $96,000, it suggests that the
trend around the coin is bullish, and the price might increase.
BTC Price Prediction• Математика » Прикладная математика » Прогноз: $110,000 Possible in the Short Term
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On the weekly chart, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin has formed a bull flag. A bull flag is a bullish
chart pattern characterized by two strong rallies, separated by a brief
consolidation phase.
The pattern starts with a sharp, almost vertical price spike, creating the
flagpole. This is followed by a pullback that forms parallel
upper and lower trendlines, creating the flag itself, as seen
below.
Since BTC has broken out of the pattern, the coin’s price might hit higher
values in the short term. If validated, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price could climb to
$100,274 soon. In a highly bullish scenario, it could rally above $110,000.
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Weekly Analysis• Математика » Математический анализ. Source: TradingView
On the other hand, if the demand for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin by retail investors drops, this
prediction• Математика » Прикладная математика » Прогноз might not happen. In that case, the price might decrease to
$90,275.
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informational purposes only and should not be considered financial or
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