While Bitcoins (BTC) are exchanged around $ 94,700 after the 2nd May approached $ 97,900, the foundations remain very bruises. It seems that this download is far from the conversion of the trend announces the upcoming explosion to a symbolic threshold value of $ 100,000. Here’s the reason.
In short
- Bitcoin consolidates $ 93,500 after the peak of $ 97,900 without invalidating an ascending trend.
- Experts predict a move to $ 100,000, supported by chain activities and institutional flows.
Bitcoin Objectives $ 100,000: A decrease to $ 94,000 is just a strategic break
Bitcoin recently recorded a slight decline and dropped by 4.3 % in three days after flirting with $ 97,900. However, this withdrawal has not spoiled the optimism of analysts who believe that these 3 indicators can drive BTC.
1. Market domination at the highest level since 2021
With almost 65 % of the rule in the cryptocurrency market, Bitcoin has never been so strong since January 2021. This superiority was applied despite the multiplication of chips – such as sui, tone, pi or tao – and strengthens its state of refugee value in the crypto universe.
2 .. Bitcoin ETF attracts billions
The flows to the ETF cash flows exceeded $ 4.5 billion between 22 April and 2nd May. This massive institutional acceptance indicates growing confidence in BTC in the medium and long term. At the same time, the volumes of the term explode volumes of the deadline, the proof of the market prepared to bet on an immediate increase.
3. An ever -stronger institutional lever
An open interest in bitcoin term contracts reached 669,090 BTC, which is 21 % from March 5th. Even after BTC exceeding $ 75,000 at the beginning of April, the demand for lever effect remained stable. In CME, interest now exceeds $ 13.5 billion, a clear signal of institutional wiring.
What do experts think?
Experts do not say the opposite. For Ryan Lee, the main analyst of Bitget Research, Bitcoins benefit from the revival of the on-sear and growing demand. This dynamics supports the prospect of a bull break towards $ 100,000, provided that technical indicators continue to converge.
The recent Bitcoins rally in the range of $ 87,500 -97 $ 500 is supported by the highlight of active addresses (…), indicating an increase in demand and renewed network activity. This increase strengthens the arguments in favor of potential rupture to $ 100,000 (…) To verify the ascending trend, a permanent inflow of ETF, low exchange flows and stable financing rates will be necessary.
All lights are therefore green for bitcoins: the dominance of records, a massive inflow of ETF and a strong institutional demand. These signals converge on solid bull momentum. If the trend is confirmed, the psychological threshold of $ 100,000 could soon be carried out, which meant a new key step for BTC.
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The world is evolving and adaptation is the best weapon that survives in this undulating universe. I am interested in everything about blockchain and its derivatives. To share my experience and promote an area that fascinates me, nothing better than writing informative and relaxed articles simultaneously.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.
