New capital inflow suggests Bitcoin may break $100,000
Matrixport shares its market analysis today, indicating that liquidity in the crypto market has improved recently, with new funds beginning to flow into the market, and the overall environment showing positive changes. After two months of sideways consolidation and slight increases, we are starting to see initial positive signs of conversion from fiat to cryptocurrency.
If this trend continues, it should not be difficult for Bitcoin to break the $100,000 mark. Although we are still in the early stages, the surge in capital inflow in October and November last year also propelled a strong rebound in the previous phase. Given the current signs of capital warming, traders can closely monitor relevant data.
