While bitcoins are growing around $ 100,000, the chain data reveals a change in investors’ behavior. We provide all details in the following paragraphs!
In short
- Bitcoin reaches $ 97,000, while deposits on stock exchanges fall to a record level.
- Technical and macroeconomic indicators indicate a high probability of increasing to the new ATH.
Historical fall of bitcoin deposits on cryptomes
According to the cryptocurrency analyst, the number of BTC sending funds on the cryptocurrency platform fell on its Lower level since 2017. This decline suggests a clear desire to keep bitcoins. Perhaps they expect a high short -term increase!
Decrypting: It seems that Bitcoin holders refuse to sell and prefer to bet on future recognition.
The development of the economic cycle and the expected Fed decisions could emphasize this trend. Reducing interest rates (as speculating speculation of certain crypto analysts) would actually support risk assets such as BTC. And not only! This would also reduce the revenues of traditional fixed -income products. This would push more investment in cryptocurrencies.
Bitcoin: A bull signal confirmed by technical analysis?
The BTC course recently exceeded 97,000 $. Therefore, since February has reached its highest level. According to Ali Martinez, another key threshold is $ 97,530. The network crossing would strengthen Dynamics towards the new ATHThe last is $ 10866.
Titan of Crypto emphasizes that Bitcoin depicts a strong upward monthly candle. He claims that the flagship of the crypto develops over several technical indicators of Ichimok. These signals support a favorable perspective for the coming weeks. The analyst Burak Kesmeci even evokes Target $ 124,000, Based on the model of the gold number.
Given this dynamics, the cryptographic market expects a progressive increase. The latter would be fed:
- decrease in inflation;
- Return of liquidity in financial markets.
The potential yield of bitcoins becomes attractive to crypto investors.
The combination of signals, techniques and macroeconomics on the chain creates fertile soil for a new Bitcoin flight. The next few days are essential for confirming this trend!
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My name is Ariela and I’m 31 years old. I have been in the area of writing a website for 7 years. I have discovered discovery and cryptocurrency for only a few years. But it is a universe that interests me a lot. And subjects treated in the platform allow me to learn more. In my free time, the singer also cultivates a great passion for music and reading (and animals!)
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.
