The realized market cap of Bitcoin has reached $882.228 billion, indicating strong investor confidence.
Social dominance at 25.81% reflects increased interest, signaling a potential price increase.
The realized market cap of Bitcoin (BTC) reached $882.228 billion on April 29, underscoring growing confidence in this asset.
The increase in market cap indicates the market is preparing for a significant price move.
At the moment, BTC is trading at $94,664.28, down 0.33% in the last 24 hours. Despite the decrease, the overall sentiment remains optimistic.
Increased interest reflects a growing attention to Bitcoin
Moreover, Bitcoin's social dominance reached 25.81%, reflecting significant attention from the market.
Social discussion volume is steadily increasing, indicating more participants are discussing Bitcoin. As BTC attracts more social attention, investor optimism may continue to grow.
Increased discussion volume often leads to price volatility. In fact, greater interest could attract new capital if this trend continues.
Source: Santiment
Bitcoin's NVT ratio stands at 460.14, indicating that its price is undervalued relative to trading volume. A high NVT ratio suggests that market value has not caught up with on-chain activity.
This imbalance suggests that BTC may rise as the market adjusts back to increased activity. With a strong trading flow, Bitcoin is likely to maintain its upward trend if momentum continues.
SUSTAINABLE UPWARD TREND DESPITE SHORT-TERM ADJUSTMENTS
Bitcoin's DAA price divergence chart shows a divergence of -217.59%, indicating that the price is rising faster than the number of daily active addresses (DAA).
Despite short-term price adjustments, market participation remains strong, supporting BTC's bullish outlook.
Continuous divergence suggests there is strong demand for BTC, even amidst market volatility.
The number of active addresses has not decreased, reinforcing the idea that the upward trend is likely to continue, even amid market corrections.
Source: Santiment
The liquidation heatmap for BTC/USDT from Binance indicates that long liquidations dominate near the 94K level. This suggests BTC is facing downward pressure in the short term as long positions are liquidated.
The dominance of long liquidations increases short-term volatility risk. However, if short position liquidations occur, Bitcoin could see a significant price jump.
Can BTC maintain momentum above 94K?
Bitcoin is testing key resistance levels near $95,709 and $98,666, with current price action indicating a higher potential increase.
BTC is currently trading close to its upper Bollinger Band — a position often predicting a breakout as pressure increases.
Furthermore, the MACD remains positive. With the MACD line at 2,965.81 above the signal line at 2,289.86, the momentum clearly favors buyers.
Source: TradingView
The realized market cap of Bitcoin stands at $882.228 billion, alongside social dominance at 25.81%, indicating strong confidence and interest from the market.
The NVT ratio at 460.14 supports the idea that BTC is undervalued relative to on-chain activity, suggesting potential for price increase.
While long liquidations remain a risk, the MACD momentum and proximity to resistance levels indicate BTC could soon break through $95,709 — and possibly target $98,666.
Source: https://tintucbitcoin.com/long-tin-bitcoin-tang-vot-gia-btc-se-tang-chu/
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