Analysts Expect Continued Rise for Bitcoin: Here Are the Reasons!
As the price of Bitcoin (BTC) surpasses 97 thousand dollars, analysts indicate that the strong liquidity in the markets, increasing institutional investments, and the active altcoin activity may sustain the rise.
According to Flowdesk analysts, Bitcoin's maintenance above 90 thousand dollars is one of the key factors increasing the risk appetite in spot and derivative markets. The firm also stated, "The liquidity strength in the market is being preserved. The increase in trading volumes, especially the intensified commercial activities over the weekends and the deepening of altcoin markets are noteworthy. In addition, broad-based spot purchases led by speculative altcoins and artificial intelligence tokens, as well as the 1.5 billion dollar inflow from institutional investors into Bitcoin ETFs, are among the factors supporting the rise."
The cryptocurrency market is also focused on the large Bitcoin purchase planned by Strategy company. According to a recent report by CoinDesk, Strategy CEO Michael Saylor announced that the company would secure new funding for a 21 billion dollar Bitcoin purchase. This move by Strategy is seen as a signal that institutionalization in the market will further increase.
Additionally, investment analysis company Presto Research shared positive views about Strategy. In Presto's report, it was stated, "Investors are influenced by Strategy's increasingly sophisticated corporate approach and its success in accurately pricing fixed-income financial instruments, particularly with innovative valuation models like BTC Torque."
Experts suggest that in the upcoming period, the price of Bitcoin may see higher levels due to the increasing interest from institutional investors and positive changes in market dynamics.
