Experts on the Growth Prospects of Bitcoin
Bitcoin is striving to break through the psychologically important level of $100,000. Experts from BeInCrypto have outlined the conditions for continued growth.
Ryan Li from Bitget Research notes an increase in address activity, indicating rising demand. To confirm the bullish trend, the following are necessary: sustained inflows into ETFs, low net flows on exchanges, and stable funding rates. It is also important to monitor the macroeconomy, Bitcoin's dominance, and hash rate.
Mikael Jerlis from EMCD sees a sustained upward trend. A rise towards $97,000 would activate the bulls. Factors influencing buyer activity include stabilization of the situation with government fees in the US, normalization of geopolitics, and inflows into Bitcoin and ETH ETFs. If these conditions are met, Bitcoin could reach $100,000-$110,000 as early as June.
